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January 29, 2014 09:59 pm GMT
When I first decided that I wanted to move to Paris, I was anxious and excited at the same time. I used to write for TechCrunch in New York, in a perpetually effervescent ecosystem. But I wanted to try something new. Many things got me excited about France — TheFamily created a good-looking accelerator, LeWeb remained an unmissable event, and Europe as a whole was getting more exciting. Even more importantly, annoyingly good French entrepreneurs kept creating amazing stuff. I didn’t get it. Then, probably due to FOMO, I chose to get involved. And I don’t regret doing this at all. I recently talked with a VC-turned-entrepreneur about the seismic changes in the tech scene. According to him, France has the potential to become a new startup nation. You can receive up to 70 percent of your salary for up to two years when you create a company. Moreover, a lot of public money has been injected into VC firms or directly into VC-like public institutions over the past few years. As a business angel, when you invest in a startup, you will pay less tax. As an entrepreneur, when you create a company and hire people, you will pay less corporate tax for the first few years. All of this is mostly unknown when you aren’t French, but it’s about to change. Building An Ecosystem An ecosystem is a four-sided network — you need entrepreneurs, VC firms, schools, and journalists. France is lucky enough to have some of the best schools in the world. That’s why many great engineers and smart investors come out of France’s school system. Many have been working in the Silicon Valley for decades. But many choose to work in Paris now. What about entrepreneurs? While French people are historically risk averse, it is starting to change. Cass Phillipps and Roxanne Varza have hosted a few FailCon editions in Paris, it’s an encouraging sign. And there is a broader shift happening in tech — startups are increasingly becoming a mainstream cultural element. It’s not as obvious as in the U.S., but huge exits (like Google buying Nest) now make the front page of Les chos, and a good part of business coverage is now focused on startups and innovation. In other words, people are interested in startups. Every day, I’m surprised to find out that a friend of mine is listing “startup” as one of
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/iybSljE4qhw/
Welcome To The French Tech Ecosystem
When I first decided that I wanted to move to Paris, I was anxious and excited at the same time. I used to write for TechCrunch in New York, in a perpetually effervescent ecosystem. But I wanted to try something new. Many things got me excited about France — TheFamily created a good-looking accelerator, LeWeb remained an unmissable event, and Europe as a whole was getting more exciting. Even more importantly, annoyingly good French entrepreneurs kept creating amazing stuff. I didn’t get it. Then, probably due to FOMO, I chose to get involved. And I don’t regret doing this at all. I recently talked with a VC-turned-entrepreneur about the seismic changes in the tech scene. According to him, France has the potential to become a new startup nation. You can receive up to 70 percent of your salary for up to two years when you create a company. Moreover, a lot of public money has been injected into VC firms or directly into VC-like public institutions over the past few years. As a business angel, when you invest in a startup, you will pay less tax. As an entrepreneur, when you create a company and hire people, you will pay less corporate tax for the first few years. All of this is mostly unknown when you aren’t French, but it’s about to change. Building An Ecosystem An ecosystem is a four-sided network — you need entrepreneurs, VC firms, schools, and journalists. France is lucky enough to have some of the best schools in the world. That’s why many great engineers and smart investors come out of France’s school system. Many have been working in the Silicon Valley for decades. But many choose to work in Paris now. What about entrepreneurs? While French people are historically risk averse, it is starting to change. Cass Phillipps and Roxanne Varza have hosted a few FailCon editions in Paris, it’s an encouraging sign. And there is a broader shift happening in tech — startups are increasingly becoming a mainstream cultural element. It’s not as obvious as in the U.S., but huge exits (like Google buying Nest) now make the front page of Les chos, and a good part of business coverage is now focused on startups and innovation. In other words, people are interested in startups. Every day, I’m surprised to find out that a friend of mine is listing “startup” as one ofOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/iybSljE4qhw/
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