#ParisIsBack - THE PARIS TECH GUIDE

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  • 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 $1B revenues 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 SCENE TODAY 2 PARIS
  • Entrepreneurs sleep 35h a week ;) Young & innovative compagnies get 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 $1.5B raised by 9 top early-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.)$70M ACQ. BY RED HAT $1,7Bn VALUATION $600M $275M $140M $90M ACQ. BY ADOBE ND ACQ. 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 MEDALS 9 PHYSICS NOBELS 8 CHEMISTRY NOBELS 12 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 INTERNET
 Free & 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 GOODGOOD Highest 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 FOREIGN INNOVATION 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 FAMILIES YOU SHOULD KNOW4 WHO
  • THE KING XAVIER NIEL
 ONE-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 SIMONCINI
 MEETIC, SENSEE, JAÏNA CAPITAL Moving Consumers Online JACQUES-ANTOINE 
GRANJON 
VENTE-PRIVEE
  • THE MARKET MAKERS OLIVIER MATHIOT 
 PRICEMINISTER PIERRE KOSCIUSKO-MORIZET
 PRICEMINISTER, ISAI JEAN-DAVID CHAMBOREDON ISAI Marketplaces Everywhere FREDERIC MAZZELLA 
 BLABLACAR
  • Granjon + Simoncini, The Businessmen THE ALGORITHMERS JEAN-BAPTISTE RUDELLE
 CRITEO PIERRE CHAPPAZ
 TEADS DOMINIQUE VIDAL
 INDEX 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 CAREEL
 WITHINGS, SCULPTEO HENRI SEYDOUX
 PARROT, 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 STARTED5 RESOURCES
  • 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:
  • RESOURCES HISTORY
 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/ INVESTMENT http://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
  • EXITS Criteo 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 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-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 INTERNATIONAL http://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 & NOBELS 3 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
 PICTURE Vintage Paris, Montmartre 1970s Patrice Molinard
 
 
 ILLUSTRATIONS 
 CC TheFamily Bag by Parmelyn from The Noun Project
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