Upload
startup-europe
View
133
Download
2
Tags:
Embed Size (px)
Citation preview
HELLO,Thanks for inviting me ;) I’m Alice, CEO of TheFamily.
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
$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
INVEST TIME
AND MONEY
IN PARIS? 3
- SERIOUSLY?
INVEST TIME
AND MONEY
IN PARIS? 3
- SERIOUSLY?
ONE EUROPEAN STARTUP ECOSYSTEM
With its own legislative framework. Avoiding the legal and practical
constraints from different legal systems.
NATIONAL TAX SYSTEMNATIONAL BANK SYSTEM
CAN WE DO ONE LEGAL STATUS?
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
INVEST TIME
AND MONEY
IN PARIS? 3
- SERIOUSLY?
INVEST TIME
AND MONEY
IN PARIS? 3
- SERIOUSLY?
INVEST TIME
AND MONEY
IN PARIS? 3
- SERIOUSLY?
@alice_zag @_thefamily [email protected]
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
- - http://fr.wikipedia.org/wiki/Soci%C3%A9t%C3%A9_europ%C3%A9enne
=> Unifier le marché du financement (pb des avocats dans chaque langue) => Créer un droit spécialisé dans l’innovation et favorable à la création de champions post-européen