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Transcript of Paris is back tech guide
The P
aris Tech Guide
#ParisIsB
ack
TH
E
FRE
NC
HIE
#TR
AD
ITIO
N
#AR
T-DE
-VIV
RE
#CR
EA
TIV
ITY
1. Started from
the Minitel now
we’re here.
2. Paris tech scene today.
3. Invest time &
money in France. S
eriously?4. W
ho: the 7 families you should know
.5. R
esources to get started!6. A
nnex.
IND
EX
STA
RT
ED
FR
OM
T
HE
MIN
ITE
L N
OW
WE
’RE
H
ER
E
1
30
YE
AR
S O
F E
XP
ER
IEN
CE
W
ITH
LA
RG
E S
CA
LE
INN
OV
AT
ION
: S
TA
RT
ING
WIT
H T
HE
MIN
ITE
L
6M
ho
use
ho
lds
alre
ad
y c
on
ne
cte
d in
Fra
nc
e, w
hile
Mo
zaic
w
as ju
st b
ein
g
lau
nch
ed
in th
e U
SA
.
1993$1B
revenues per year at its peak, shared betw
een France Telecom
& 25,000
content providers.
10 years before the Internet, it created the 1st generation of w
ealthy & experienced tech entrepreneurs.
15+ YE
AR
S O
F INT
ER
NE
T
Silicon
Sentier
NO
W
Still the biggest
concentration of Internet startups in France
1998 B
irth of Silicon S
entier 300 Internet startups in a 4 sq km
area - 1st area connected to high speed Internet in France - C
heap & spacious real estate
- Central, great lifestyle for young creatives
ILIAD
XA
VIE
R N
IEL
SY
MB
OL O
F TH
IS JO
UR
NE
Y
$14B V
aluation. From
the minitel
to a telco & Internet
empire.
TE
CH
SC
EN
ETO
DAY
2PA
RIS
Entrepreneurs sleep 35h a w
eek ;)Young &
innovative compagnies
get significant tax rebates.
*JEI & C
IR Schem
es
Trial periods of 6 months
allow you to test before hiring.
TH
EY
W
OR
K
35H/W
EE
K?
TH
EY
PAY
HIG
H TA
XE
S?
TH
EY
C
AN
’TH
IRE
& FIR
E FA
ST
?
CLIC
HÉ
S
40-50%
30%S
oft &
Internet
Concentrated in P
aris
$1.4M
Average ticket invested
$1B
Invested per year in 700+ com
panies
On-par w
ith the UK
where $1.3B
was invested in 2013.
A V
IBR
AN
T E
AR
LY-STA
GE
IN
VE
ST
ME
NT
EN
VIR
ON
ME
NT
TH
ER
E IS
LOC
AL M
ON
EY
A
T T
HE
EA
RLY
STA
GE
$1.5Braised by 9 topearly-stage funds in the past 3 years.
$363M$157M
$61M
$121M$121M
$72M $145M
$54M
$424M
TH
E TO
P 3 E
UR
OP
EA
N FU
ND
S
AR
E A
CT
IVE
ON
TH
E G
RO
UN
D
FRE
D
DE
ST
INP
HILIP
PE
B
OT
TE
RI
DO
MIN
IQU
E
VID
AL
MA
RT
IN
MIG
NO
TB
ER
NA
RD
LIA
UTA
UD
NIC
OLA
S
DE
BO
CK
SO
FIA H
MIC
H
AN
D M
AN
Y O
TH
ER
S
HA
VE
BE
EN
AC
TIV
E TO
O
$90M(est.)
$70MA
CQ
. BY
RE
D H
AT
$1,7Bn
VALU
ATION
$600M
$275M
$140M$90M
AC
Q. B
Y
AD
OB
E
ND
AC
Q. B
Y
MIC
RO
SO
FTA
CQ
. BY
E
TSY
A
CQ
. BY
FILM
ALA
C G
RO
UP
AC
Q. B
Y
TRIPA
DV
ISO
RA
CQ
. BY
A
U FÉ
MIN
IN
OV
ER
TH
E PA
ST
18 MO
NT
HS
HIG
H P
RO
FILE C
OM
PAN
IES
G
ET
TIN
G FU
ND
ED
In the past 12 m
onths
MA
NY
UN
ICO
RN
S
YO
U A
LRE
AD
Y K
NO
W
& A
NE
W W
AV
E IS
CO
MIN
G!
AD
TE
CH
SA
AS
FINT
EC
H
DO
UB
LE R
AIN
BO
W!
CO
NS
UM
ER
MO
BILE
HA
RD
WA
RE
BIG
DA
TA
MA
RK
ET
PLA
CE
INV
ES
T T
IME
A
ND
MO
NE
Y
IN PA
RIS
? 3
- SE
RIO
US
LY?
EN
GIN
EE
RIN
G
EX
CE
LL
EN
CE
TA
LE
NT
ED
W
OR
LD
CL
AS
S S
CIE
NC
E
13 FIELD M
EDA
LS9 PH
YSICS N
OB
ELS8 C
HEM
ISTRY NO
BELS
12 MED
ICIN
E NO
BELS
#2 PATENTS FILIN
G I
AB
UN
DA
NT
6
0K
EN
GIN
EE
RS
/YE
AR
&
MO
ST
OF
TH
EM
AR
E IN
PA
RIS
AF
FO
RD
AB
LE
$
50
-80
K fo
r mid
-leve
l dev
NO
BEL PR
IZEW
INN
ER
WO
RD
CLA
SS
INFR
AS
TR
UC
TU
RE1S
T C
YC
LE H
IRE
SC
HE
ME
You can rent bikes easily w
ith Velib!
TR
AV
EL A
NY
WH
ER
E168 destinations in 93 countries
SU
BW
AY IS
PE
RFE
CT
Go anyw
here w
ithin 40 min m
ax
RE
LIAB
LE H
IGH
S
PE
ED
INT
ER
NE
TFree &
fast WiFi
available to everyone.
INT
EN
SE
MIN
I-CA
B
AC
TIV
ITY
5 min to find a car ;)
1HB
RU
SS
ELS
2HLO
ND
ON
3HG
EN
EV
A
4H
ZU
RIC
H
FRA
NK
FUR
T
AM
ST
ER
DA
M
LUX
EM
BO
UR
G
BU
SIN
ES
S IS
GO
OD
GO
OD
GO
OD
Highest num
ber of companies in the D
eloitte Technology Fast 500 ranking of any E
uropean country.
71 companies
86 companies
52 companies
France is #1 European country in company creations, 550,000 in 2012.
“A H
ON
EY
PO
T FO
R T
EC
H C
OM
PAN
IES
” B
loomberg
FRA
NC
E
FOR
EIG
NIN
NO
VA
TIO
N
90% m
arket share on search
1st non Germ
an speaking m
arket
2nd market after the
US
with 15,000 listings
in Paris
1st launch, 1st Uber ‘P
ool’ &
‘PO
P’ outside of the U
S.
500k+ users in Paris
YO
U&PA
RIS
TH
E 7 FA
MILIE
SY
OU
SH
OU
LD K
NO
W4
WH
O
TH
E K
ING
XAVIER N
IELO
NE
-MA
N-S
ILICO
N-VA
LLEY
Softw
are Is E
ating the World
Net W
orth: $8B
Free: 15M subscribers, $5 B
revenue K
ima ventures: m
ost active investor in the w
orld (350+ investments)
Ecole42: Free school,1000 CS
students/year H
alle Freyssinet: incubator, 1000 startups
TH
E
BU
SIN
ES
SM
EN
MA
RC
SIMO
NC
INI
ME
ETIC
, SE
NS
EE
, JA
ÏNA C
AP
ITAL
Moving
Consum
ers O
nline JA
CQ
UES-A
NTO
INE
GR
AN
JON
VE
NTE
-PR
IVE
E
TH
E
MA
RK
ET
MA
KE
RS
OLIVIER
MATH
IOT
PR
ICE
MIN
ISTE
R
PIERR
E KO
SCIU
SKO
-MO
RIZET
PR
ICE
MIN
ISTE
R, IS
AI
JEAN
-DAVID
CH
AM
BO
RED
ON
IS
AI
Marketplaces
Everyw
hereFR
EDER
IC M
AZZELLA
BLA
BLA
CA
R
Granjon + S
imoncini,
The B
usinessmen
TH
E
ALG
OR
ITH
ME
RS
JEAN
-BA
PTISTE RU
DELLE
CR
ITEO
PIERR
E CH
APPA
ZTE
AD
S
DO
MIN
IQU
E VIDA
LIN
DE
X V
EN
TUR
ES
PASC
AL G
AU
THIER
CR
ITEO
Be
Sm
arter T
han G
oogle
Granjon + S
imoncini,
The B
usinessmen
Granjon + S
imoncini,
The B
usinessmen
TH
E
DA
TA M
AS
TE
RS
NIC
OLA
S STEEG
MA
NS
TUP
EFLIX
FLOR
IAN
DO
UETTEA
UD
ATAÎK
U
JULIEN
LEMO
INE
ALG
OLIA
The B
igger T
he Data,
The B
etter
Granjon + S
imoncini,
The B
usinessmen
Granjon + S
imoncini,
The B
usinessmen
TH
E
HA
RD
WA
RE
MA
KE
RS
ERIC
CA
REEL
WITH
ING
S, S
CU
LPTE
O
HEN
RI SEYD
OU
XPA
RR
OT, LO
UB
OU
TIN
FRED
ERIC
POTTER
N
ETATM
O
When
Softw
are M
eets H
ardware
TH
E
EX
PAT
RIA
TE
S
FRED
ERIC
MO
NTA
GN
ON
TEA
DS
FAB
RIC
E GR
IND
AO
LX
JEFF CLAVIER
SO
FTTEC
HLO
IC LE M
EUR
LE W
EB
If You Can
Make it H
ere You C
an make it
Anyw
here
& m
any other high profile French founders
TO G
ET
STA
RT
ED
5R
ES
OU
RC
ES
VC
S
TH
E 8T
H A
RR
ON
DIS
SE
ME
NT
5 min w
alk from each others!
STA
RT
UP
BU
ILDE
RS
CO
WO
RK
ING
SPA
CE
S
EN
GIN
EE
RIN
G S
CH
OO
LS
LOW
FEE
S, H
IGH
SK
ILLS
CS
Schools
Engineering S
chools
MU
LTID
ISC
IPLIN
AR
Y
ED
UC
AT
ION
DE
SIG
NA
RT
BU
SIN
ES
S
LAW FIRM
S
SE
RV
ICE
PR
OV
IDE
RS
LAW
FIRM
SA
CC
OU
NTA
NT
SH
EA
D H
UN
TE
RS
FUN
D R
AIS
ER
S
AC
TIV
E O
RG
AN
ISA
TIO
NS
JOU
RN
ALIS
TS
O
N T
HE
GR
OU
ND
https://files.slack.com/files-pri/T024YS106-F034T5FJK/growth.png
TE
CH
ME
ET
UP
S
RU
BY PA
RIS
Let’s get new
s methods &
business opportunities.
GR
OW
TH H
AC
KIN
G
Learn how to sell products &
gain traction.
TECH
TALK
S
Inspired by NY Tech M
eetup, useful for netw
ork and education.
LE WA
GO
N
Every W
ednesday ,demystify coding!
GET TH
E SWA
G O
N
Inviting the best UX
/UI designers to talk
about their vision and achievements.
INTER
NET O
F THIN
GS
A
ll about usage, design, business &
new tendencies.
STUD
ENT EN
TREPR
ENEU
RS
B
ridging the gap between tech &
business students w
illing to build a startup.
PAR
IS FOU
ND
ERS EVEN
T Founders only netw
orking night by R
ude Baguette.
PITCH
DO
N’T K
ILL MY VIB
E
Com
e test your pitch on stage and get constructive feedback.
STAR
T IN PA
RIS
Monthly dem
o pitch contest for startups.
APER
O EN
TREPR
ENEU
R
Exchange tips, recom
mendations &
contacts. E
very 1st Thursday of the month.
PLA
CE
S TO
HA
NG
OU
T
BR
EA
KFA
ST
ED
GA
RC
OFFE
E D
ELA
VILLE
WO
RK
AN
TIC
AFE
LUN
CH
TE
MP
S D
ES
CE
RIS
ES
DR
INK
S C
AFE
NO
IRC
OC
KTA
ILS LO
CK
WO
OD
YO
U’R
E W
ELC
OM
E IN
PAR
IS.
TH
AN
K Y
OU
AT
TR
IBU
TIO
N-S
HA
RE
ALIK
E C
RE
AT
IVE
CO
MM
ON
S LIC
EN
SE
. C
RE
AT
ED
BY
:
RE
SO
UR
CE
SHISTO
RY
Aurelien Belanger, La Theorie de l’Information http://www.am
azon.fr/La-th%
C3%A9orie-linform
ation-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/Inform
ation%
20Technology/Chapter%208%
20NETWO
RK%20&%
20COM
MUNICATIO
NS%
20IN%20I%
20T/A%20NATIO
NAL%20NETW
ORK%
20INFRASTRUCTURE.html
In 1995, there were 25,000 different services offered through M
initel. In 1996, M
initel terminals were accessed for 87 m
illion 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 M
initel 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 m
imétiques 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 m
arket cap: EUR 11.3 B as of 6th Dec 2014 = $13.9B Xavier Niel’s net w
orth: $8.2 B as of June 2014 http://www.forbes.com
/profile/xavier-niel/
INVESTMENT
http://www.idinvest.com/en/Venture-Capital-in-France-and-Europe-
publications_8.pdf http://www.evca.eu/m
edia/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 com
panies: Chausson Finance indicateur: 367+412 = 779 30%
software and ecom
merce:
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 G
BP 841m invested in tech = $1.3B
http://www.bvca.co.uk/Portals/0/library/documents/RIA%
20Guides/IAR
%20Autum
n14-fin.pdf
FUNDRAISING
http://www.rudebaguette.com/2013/10/08/partech-raises-a-7th-fund-of-e160-m
illion-eyes-on-europe-early-stage/
Blablacar: https://www.pehub.com/2014/07/blablacar-secures-100-m
ln-series-c-led-by-index-ventures/ $100m
Sarenza: http://www.e-comm
ercefacts.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:///hom
e/chronos/u-ef45abcbfeaae4199d318ef568d5ec40724c2673/Downloads/W
ithings%20PR%
20-%20Fundraising%
20July%2017th%
202013.pdf $30m
Talentsoft: http://www.finsmes.com
/2013/09/talentsoft-raises-e15m.htm
l 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-m
anager-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-m
illion-idinvest-conquer-m
ale-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-m
ln-series-b/?utm
_source=PE+Hub&utm_m
edium=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-sm
bs-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.htm
l $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-m
arket-in-its-largest-acquisition-so-far/ http://blogs.wsj.com/m
oneybeat/2014/06/23/etsy-acquires-french-m
arket-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-m
illion/ $90m
- 22 Nov 2013
Jeuxvideo.com: http://www.him
ediagroup.com/en/blog/2014/06/05/webedia-
acquires-jeuxvideo-com-for-90-euro-m
illion/ EUR 90m
= $109m - 6 M
ay 2014 Allocine: http://lentreprise.lexpress.fr/high-tech-innovation/rachat-d-allocine-pourquoi-fim
alac-fait-une-bonne-affaire_1523020.html EUR67m
= $81m - 18 Jul
2013 W
ebedia: 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 M
ay 2014
FUND CLOSING
http://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-comm
uniques_52.pdf EUR100m =
$120m - 24 O
ct 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 M
ar 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-m
illion-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 O
Ct 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-tim
e%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/luxem
bourg Bruxelles : 1:22, Luxem
bourg: 2:08, Londres: 2:26, Geneva: 3:05
Amsterdam
: 3:45, Frankfurt: 3:48, Zurich: 4:03
INFRASTRUCTURE
INTERNATIONAL
http://www.diplomatie.gouv.fr/en/french-foreign-policy-1/econom
ic-diplom
acy/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-com
panies-from-m
icrosoft-to-huawei.html
Google m
arket 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 & NO
BELS3 fields m
edals: http://www.diplomatie.gouv.fr/en/com
ing-to-france/facts-about-france/one-figure-one-fact/article/13-the-num
ber-of-french-fields
2nd in number of patents filed: http://www.diplom
atie.gouv.fr/en/french-foreign-policy-1/econom
ic-diplomacy-foreign-trade/facts-about-france/one-figure-one-
fact/article/france-ranks-2nd-in-europe-for-the
Nobel Prizes 9 physics 8 chem
istery
12 medicine
3 economie
http://www.nobelprize.org/nobel_prizes/country-birth-map/
map.phpfrom
year=1901&toyear=2014&cat=phy®ion=country
AT
TR
IBU
TIO
NS
ICONS
PICTUREVintage Paris, M
ontmartre
1970s Patrice Molinard
ILLUSTRATIONS
CC TheFam
ily
Bag by Parmelyn
from The Noun Project