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&region=country

ATTRIBUTIONS

ICONS

PICTUREVintage Paris, Montmartre 1970s Patrice Molinard

ILLUSTRATIONS CC TheFamily

Bag by Parmelyn from The Noun Project