#parisisback - the paris tech guide
TRANSCRIPT
The Paris Tech Guide
#ParisIsBack
THE
FRENCHIE
#TRADITION
#ART-DE-VIVRE
#CREATIVITY
1. Started from the Minitel now we’re here.2. Paris tech scene today.3. Invest time & money in France. Seriously?4. Who: the 7 families you should know.5. Resources to get started!6. Annex.
INDEX
STARTED FROM THE MINITEL NOW WE’RE HERE
1
30 YEARS OF EXPERIENCE WITH LARGE SCALE INNOVATION: STARTING WITH THE MINITEL
6M households already connected in France, while Mozaic was just being launched in the USA.
1993 $1Brevenues per year at its peak, shared between France Telecom & 25,000 content providers.
10 years before the Internet, it created the 1st generation of wealthy & experienced tech entrepreneurs.
15+ YEARS OF INTERNET
Silicon
Sentier
NOW Still the biggest concentration of Internet startups in France
1998 Birth of Silicon Sentier 300 Internet startups in a 4 sq km area - 1st area connected to high speed Internet in France - Cheap & spacious real estate - Central, great lifestyle for young creatives
ILIAD
XAVIER NIEL
SYMBOL OF THIS JOURNEY
$14B Valuation. From the minitel to a telco & Internet
empire.
TECH SCENETODAY
2 PARIS
Entrepreneurs sleep 35h a week ;)
Young & innovative compagniesget significant tax rebates.
*JEI & CIR Schemes
Trial periods of 6 months allow you to test before hiring.
THEY WORK
35H/WEEK?
THEY PAY
HIGH TAXES?
THEY CAN’T
HIRE & FIRE FAST?
CLICHÉS
40-50%
30%Soft &
Internet
Concentrated in Paris
$1.4M
Average ticket invested
$1B
Invested per year in 700+ companies
On-par with the UK where $1.3B was invested in 2013.
A VIBRANT EARLY-STAGE INVESTMENT ENVIRONMENT
THERE IS LOCAL MONEY AT THE EARLY STAGE
$1.5Braised by 9 topearly-stage funds in the past 3 years.
$363M$157M
$61M
$121M$121M
$72M
$145M
$54M
$424M
THE TOP 3 EUROPEAN FUNDS ARE ACTIVE ON THE GROUND
FRED DESTIN
PHILIPPE BOTTERI
DOMINIQUE VIDAL
MARTIN MIGNOT
BERNARD LIAUTAUD
NICOLAS DEBOCK
SOFIA HMICH
AND MANY OTHERS HAVE BEEN ACTIVE TOO
$90M(est.)$70MACQ. BY RED HAT
$1,7BnVALUATION
$600M
$275M
$140M $90MACQ. BY ADOBE
NDACQ. BY
MICROSOFTACQ. BY ETSY
ACQ. BY FILMALAC GROUP
ACQ. BY TRIPADVISOR
ACQ. BY AU FÉMININ
OVER THE PAST 18 MONTHS
HIGH PROFILE COMPANIES GETTING FUNDED In the past 12 months
MANY UNICORNS YOU ALREADY KNOW
& A NEW WAVE IS COMING!
ADTECH
SAAS FINTECH
DOUBLE RAINBOW!
CONSUMER MOBILE
HARDWARE
BIG DATA
MARKETPLACE
INVEST TIME
AND MONEY
IN PARIS? 3
- SERIOUSLY?
ENGINEERING EXCELLENCE
TALENTED WORLD CLASS SCIENCE 13 FIELD MEDALS9 PHYSICS NOBELS8 CHEMISTRY NOBELS12 MEDICINE NOBELS#2 PATENTS FILING I
ABUNDANT 60K ENGINEERS/YEAR & MOST OF THEM ARE IN PARIS
AFFORDABLE $50-80K for mid-level dev
NOBEL
PRIZE
WINNER
WORD CLASS
INFRASTRUCTURE
1ST CYCLE HIRE SCHEME You can rent bikes easily with Velib!
TRAVEL ANYWHERE 168 destinations in 93 countries
SUBWAY IS PERFECT Go anywhere within 40 min max
RELIABLE HIGH SPEED INTERNETFree & fast WiFi available to everyone.
INTENSE MINI-CAB ACTIVITY 5 min to find a car ;)
1H BRUSSELS
2H LONDON
3H GENEVA
4H
ZURICH
FRANKFURT
AMSTERDAM
LUXEMBOURG
BUSINESS IS GOOD GOODGOODHighest number of companies in the Deloitte Technology Fast 500 ranking of any European country.
71 companies 86 companies 52 companies
France is #1 European country in company creations, 550,000 in 2012.
“A HONEY POT FOR TECH COMPANIES” Bloomberg
FRANCE
FOREIGNINNOVATION
90% market share on search
1st non German speaking market
2nd market after the US with 15,000 listings in Paris
1st launch, 1st Uber ‘Pool’ & ‘POP’ outside of the US. 500k+ users in Paris
YOU&
PARIS
THE 7 FAMILIESYOU SHOULD KNOW4 WHO
THE KING
XAVIER NIELONE-MAN-SILICON-VALLEY
Software Is Eating the World
Net Worth: $8B Free: 15M subscribers, $5 B revenue Kima ventures: most active investor in the world (350+ investments) Ecole42: Free school,1000 CS students/year Halle Freyssinet: incubator, 1000 startups
THE
BUSINESSMEN
MARC SIMONCINIMEETIC, SENSEE,
JAÏNA CAPITAL
Moving Consumers
Online JACQUES-ANTOINE GRANJON
VENTE-PRIVEE
THE
MARKET MAKERS
OLIVIER MATHIOT PRICEMINISTER
PIERRE KOSCIUSKO-MORIZETPRICEMINISTER, ISAI
JEAN-DAVID CHAMBOREDON ISAI
Marketplaces Everywhere
FREDERIC MAZZELLA BLABLACAR
Granjon + Simoncini, The Businessmen
THE ALGORITHMERS
JEAN-BAPTISTE RUDELLECRITEO
PIERRE CHAPPAZTEADS
DOMINIQUE VIDALINDEX VENTURES
PASCAL GAUTHIER CRITEO
Be Smarter
Than Google
Granjon + Simoncini,
The Businessmen
Granjon + Simoncini,
The Businessmen
THE
DATA MASTERS
NICOLAS STEEGMAN STUPEFLIX
FLORIAN DOUETTEAU DATAÎKU
JULIEN LEMOINE ALGOLIA
The Bigger The Data, The Better
Granjon + Simoncini,
The Businessmen
Granjon + Simoncini,
The Businessmen
THE
HARDWARE MAKERS
ERIC CAREELWITHINGS, SCULPTEO
HENRI SEYDOUXPARROT, LOUBOUTIN
FREDERIC POTTER NETATMO
When Software
Meets Hardware
THE
EXPATRIATES
FREDERIC MONTAGNON TEADS
FABRICE GRINDA OLX
JEFF CLAVIER SOFTTECH
LOIC LE MEUR LE WEB
If You Can Make it Here
You Can make it Anywhere
& many other high profile French founders
TO GET STARTED5RESOURCES
VCS THE 8TH ARRONDISSEMENT
5 min walk from each others!
STARTUP BUILDERS
COWORKING SPACES
ENGINEERING SCHOOLS
LOW FEES, HIGH SKILLS
CS Schools
Engineering Schools
MULTIDISCIPLINARY EDUCATION
DESIGN ART BUSINESS
LAW FIRMS
SERVICE PROVIDERS
LAW FIRMS ACCOUNTANTS HEAD HUNTERS FUND RAISERS
ACTIVE ORGANISATIONS
JOURNALISTS ON THE GROUND
https://files.slack.com/files-pri/T024YS106-F034T5FJK/growth.png
TECH MEETUPS
RUBY PARIS Let’s get news methods & business opportunities.
GROWTH HACKING Learn how to sell products & gain traction.
TECH TALKS Inspired by NY Tech Meetup, useful for network and education.
LE WAGON Every Wednesday ,demystify coding!GET THE SWAG ON
Inviting the best UX/UI designers to talk about their vision and achievements.
INTERNET OF THINGS All about usage, design, business & new tendencies.
STUDENT ENTREPRENEURS Bridging the gap between tech & business students willing to build a startup.
PARIS FOUNDERS EVENT Founders only networking night by Rude Baguette.
PITCH DON’T KILL MY VIBE Come test your pitch on stage and get constructive feedback.
START IN PARIS Monthly demo pitch contest for startups.
APERO ENTREPRENEUR Exchange tips, recommendations & contacts. Every 1st Thursday of the month.
PLACES TO HANGOUT
BREAKFAST EDGAR COFFEE DELAVILLE WORK ANTICAFE
LUNCH TEMPS DES CERISES DRINKS CAFE NOIR COCKTAILS LOCKWOOD
YOU’RE WELCOME IN PARIS.
THANK YOU
ATTRIBUTION-SHAREALIKE CREATIVE COMMONS LICENSE. CREATED BY:
RESOURCESHISTORY
Aurelien Belanger, La Theorie de l’Information http://www.amazon.fr/La-th%C3%A9orie-linformation-Aur%C3%A9lien-Bellanger/dp/2070138097 “6m households minitel”: By 1993, Minitel was used in 20 percent of households and 80 percent of businesses in France. http://www.openlearningworld.com/books/Information%20Technology/Chapter%208%20NETWORK%20&%20COMMUNICATIONS%20IN%20I%20T/A%20NATIONAL%20NETWORK%20INFRASTRUCTURE.html In 1995, there were 25,000 different services offered through Minitel. In 1996, Minitel terminals were accessed for 87 million hoursof connection. The profit yielded by France Telecom was six billion French Francs, about $1.2 billion. http://knowledge.e.southern.edu/cgi/viewcontent.cgi?article=1096&context=senior_research “1999 Minitel penetration > Internet”: http://www.internetlivestats.com/internet-users/united-states/ US internet penetration 43% in 2000 - France minitel penetration 40% 300 startups in Silicon Sentier: Processus mimétiques et identité collective : gloire et déclin du « Silicon Sentier » http://www.cairn.info/zen.php?ID_ARTICLE=RFS_472_0293 1 EUR : 1.23 USD as of 6th Dec 2014 Iliad market cap: EUR 11.3 B as of 6th Dec 2014 = $13.9B Xavier Niel’s net worth: $8.2 B as of June 2014 http://www.forbes.com/profile/xavier-niel/
INVESTMENThttp://www.idinvest.com/en/Venture-Capital-in-France-and-Europe-publications_8.pdf http://www.evca.eu/media/142790/2013-European-Private-Equity-Activity.pdf http://www.chaussonfinance.com/indicateur/indicateur.htm $1B invested per year: Chausson Finance indicateurs. EUR 416+ 490 = EUR 906M = $1.1B in 700 companies: Chausson Finance indicateur: 367+412 = 779 30% software and ecommerce: Chausson Finance indicateur 17%+12% in H2 2013 and 25%+12% in H1 2013 40-50% in Paris: Chausson Finance indicateur 40% in H1 13 and 43% in H2 13 vs. UK: in 2013 GBP 841m invested in tech = $1.3B http://www.bvca.co.uk/Portals/0/library/documents/RIA%20Guides/IAR%20Autumn14-fin.pdf
FUNDRAISING
http://www.rudebaguette.com/2013/10/08/partech-raises-a-7th-fund-of-e160-million-eyes-on-europe-early-stage/
Blablacar: https://www.pehub.com/2014/07/blablacar-secures-100-mln-series-c-led-by-index-ventures/ $100m
Sarenza: http://www.e-commercefacts.com/news/2014/06/sarenza-conquers-europe/index.xml EUR 74m = $91m
Talend: http://techcrunch.com/2013/12/11/talend-raises-40m-to-more-aggressively-extend-into-big-data-market-sets-sights-on-ipo/ $40m
Withings: file:///home/chronos/u-ef45abcbfeaae4199d318ef568d5ec40724c2673/Downloads/Withings%20PR%20-%20Fundraising%20July%2017th%202013.pdf $30m
Talentsoft: http://www.finsmes.com/2013/09/talentsoft-raises-e15m.html EUR 15m: $18m
Novapost: http://techcrunch.com/2014/05/15/peopledoc-nee-novapost-raises-17-5-million-to-digitalize-hr/ $17.5m
Sigfox: http://www.crunchbase.com/funding-round/c6a97abe01ab87da048c81a9f9af7ee5 EUR 15m: $18m
Dashlane: http://techcrunch.com/2014/05/19/dashlane-raises-record-22m-for-its-cloud-based-password-manager-after-clocking-2m-users/ $22m
Synthesio: http://techcrunch.com/2014/03/14/social-analytics-platform-synthesio-secures-20m-series-b-from-idinvest-partners/ $20m
Menlook: http://www.rudebaguette.com/2014/11/04/menlook-raised-e23-million-idinvest-conquer-male-fashion-online/ EUR 23m : $27.6 m
Vestiaire Collective: http://techcrunch.com/2013/09/02/vestiaire-collective-raises-20-million-from-conde-nast-and-others-to-fuel-international-growth/ $20m
Intersec: https://www.pehub.com/2014/11/intersec-attracts-20-mln-series-b/?utm_source=PE+Hub&utm_medium=twitter&utm_campaign=Feed%3A+pehub%2Fnews%2Fvc+%28PE+HUB+News+%28VC+Deals%29%29 $20m
Finexcap: http://techcrunch.com/2014/11/18/finexkap-offering-working-capital-to-smbs-in-france-raises-22-5m/ $22.5m
EXITSCriteo valuation: https://www.google.com/finance?cid=281026445686504 http://www.reuters.com/article/2013/10/29/criteo-ipo-idUSL3N0IJ62D20131029 $2.2B today, $1.7B at IPO - 29 Oct 2013
Neolane: https://www.adobe.com/aboutadobe/pressroom/pressreleases/201306/062713AdobetoAcquireNeolane.html $600m - 27 June 2013
LaFourchette: http://techcrunch.com/2014/05/07/lafourchette-gobbled-up-by-tripadvisor/ $140m - 7 May 2014
ALittleMarket: http://techcrunch.com/2014/06/23/etsy-buys-french-startup-a-little-market-in-its-largest-acquisition-so-far/ http://blogs.wsj.com/moneybeat/2014/06/23/etsy-acquires-french-market-in-biggest-deal-yet/ undisclosed but thought to be c. $90m - 23 June 2014
MyLittleParis: http://techcrunch.com/2013/11/22/aufeminin-acquires-subscription-service-and-city-guide-my-little-paris-for-90-million/ $90m - 22 Nov 2013
Jeuxvideo.com: http://www.himediagroup.com/en/blog/2014/06/05/webedia-acquires-jeuxvideo-com-for-90-euro-million/ EUR 90m = $109m - 6 May 2014 Allocine: http://lentreprise.lexpress.fr/high-tech-innovation/rachat-d-allocine-pourquoi-fimalac-fait-une-bonne-affaire_1523020.html EUR67m = $81m - 18 Jul 2013 Webedia: http://www.clipperton.net/transactions/webedia/ EUR 70m = $85m - 12 Sept 2013
eNovance: http://www.redhat.com/en/about/press-releases/red-hat-acquire-enovance-leader-openstack-integration-services EUR 70m = $85m - 18 Jun 2014
Capptain: http://azure.microsoft.com/blog/2014/05/28/announcing-the-acquisition-of-capptain/ undisclosed - 28 May 2014
FUND CLOSINGhttp://www.rudebaguette.com/2013/10/08/partech-raises-a-7th-fund-of-e160-million-eyes-on-europe-early-stage/
Idinvest: http://www.idinvest.com/en/Idinvest-Partners-announces-the-initial-close-of-its-Idinvest-Digital-Fund-II-communiques_52.pdf EUR100m = $120m - 24 Oct 2013
360: http://www.rudebaguette.com/2012/10/31/360-capital-new-fund/ EUR60m = $72.1m - 31 Oct 2012
Iris: http://www.iriscapital.com/sites/default/files/Press%20Release_Iris%20Innovation%20Day.pdf EUR300m = $363m - 12 Mar 2012
Alven: http://www.rudebaguette.com/2013/03/08/alven-capital-iv/ EUR 120m = $145m - March 2013
Isai: http://www.rudebaguette.com/2013/09/02/isai-closes-its-e50-million-expansion-fund-for-acquisitions-buy-outs-growth/ EUR 50m = $61m - 2 Sept 2013
Elaia: http://www.rudebaguette.com/2012/10/29/elaia-partners-alpha-fund-seed-stage/ EUR 45m = $54m - 29 Oct 2012
Ventech: http://www.rudebaguette.com/2012/09/17/ventech-breathes-new-air-with-a-new-e75-million-fund/ EUR100m = $121m - 17 Sept 2012
Serena: http://www.rudebaguette.com/2013/09/16/serena-capital-100-million-fund/ EUR100m = $121m - 16 Sept 2013
Partech: http://www.unquote.com/unquote/official-record/2299266/partech-closes-venture-and-seed-funds EUR120 = $145m - 8 OCt 2013
TOTAL = $1.2B
60k engineers: http://www.vdi.de/uploads/media/2010-04_IW_European_Engineering_Report_02.pdf
EUR40-60k salaries: https://angel.co/jobs#find/f!%7B%22types%22%3A%5B%22full-time%22%5D%2C%22locations%22%3A%5B%22Paris%22%5D%2C%22roles%22%3A%5B%22Software%20Engineer%22%5D%7D
Internet speed "Speed test results for 2013 showed an average of 8.39 Mbps download and 3.83 Mbps upload speeds" http://www.bandwidthplace.com/location/france/
Wifi hotspots: http://www.independent.co.uk/life-style/gadgets-and-tech/wifi-is-the-future-of-mobile-data-global-survey-shows-one-internet-hotspot-for-every-150-people-9835319.html
500k uber: https://action.uber.org/uberPOP_France/
Air France destinations http://en.wikipedia.org/wiki/Air_France_destinations
Trains : https://www.capitainetrain.com/search/paris/luxembourg Bruxelles : 1:22, Luxembourg: 2:08, Londres: 2:26, Geneva: 3:05 Amsterdam: 3:45, Frankfurt: 3:48, Zurich: 4:03
INFRASTRUCTURE
INTERNATIONALhttp://www.diplomatie.gouv.fr/en/french-foreign-policy-1/economic-diplomacy/facts-about-france/one-figure-one-fact/article/france-is-top-in-the-ranking-of
http://www.bloomberg.com/news/2014-11-16/france-a-tax-haven-yes-for-companies-from-microsoft-to-huawei.html
Google market share: 91% http://www.atinternet.com/en/documents/search-engine-barometer-july-2013/
Zalando: http://www.slideshare.net/strotmannjoerg/zalando-overview-2014
Paris AirBb: http://blog.airbnb.com/airbnb-growth-europe/
Paris Uber: experience .. screenshots
Xavier Niel Investments: 350 http://en.wikipedia.org/wiki/Xavier_Niel http://www.bloomberg.com/news/2014-06-24/tech-billionaire-made-in-france-seeds-paris-entrepreneurs.html
Nest: http://www.rudebaguette.com/2014/01/21/nests-european-investor-frances-super-angel-xavier-niel/
Square: http://www.forbes.com/sites/clareoconnor/2012/03/09/french-revolutionary-is-ex-con-xavier-niel-europes-steve-jobs/5/
MEDALS & NOBELS3 fields medals: http://www.diplomatie.gouv.fr/en/coming-to-france/facts-about-france/one-figure-one-fact/article/13-the-number-of-french-fields
2nd in number of patents filed: http://www.diplomatie.gouv.fr/en/french-foreign-policy-1/economic-diplomacy-foreign-trade/facts-about-france/one-figure-one-fact/article/france-ranks-2nd-in-europe-for-the
Nobel Prizes 9 physics 8 chemistery 12 medicine 3 economie http://www.nobelprize.org/nobel_prizes/country-birth-map/map.phpfromyear=1901&toyear=2014&cat=phy®ion=country
ATTRIBUTIONS
ICONS
PICTUREVintage Paris, Montmartre 1970s Patrice Molinard
ILLUSTRATIONS CC TheFamily
Bag by Parmelyn from The Noun Project