Startups Founded by French Entrepreneurs
rudebaguette.com
rudebaguette.com
Bottom line: I don't get why "I am xxxxx and I'm an entrepreneur" is relevant at all.
That included some nuggets such as “The best thinkers in France have left the country. What is now left is mediocrity.”
So I guess, we, French, have decided to fight back all of this and prove them wrong.
Granted, this article is about expatriates, so one could think it is proving the quote right, but I still think this goes in the general direction of fighting back the partiality of all those articles.
Indeed, while it doesn't entirely combat the 'bashing' - some of the bashing is due, so we can't expect to entirely reject all criticism - it does put a stick in the bicycle wheel of the "France doesn't have a word for entrepreneur" banter.
I guess the irony is lost on them.
Given how weirdly they tend to pronounce french word and sometimes transform them -see rouge (but it's only fair since we do the same sometimes) I guess it doesn't hurt to reiterate it.
And don't take any offence with what's been said above, it's funny to see a word / idiom / expression being taken over by the english language, as much as the opposite; ie : The Hangover being translated Very Bad Trip.
It's an unimaginative 'translation', making it sound more fancy than the literal french equivalent ("La cuite").
Even a few years ago if you wanted to start a new business in a market that didn't exist yet you would be told it can't be done. For example, "Le Camion qui Fume" had to spend years to get the business license because the concept of the food truck didn't exist in France. Surprisingly, mobile epiceries, bakers, and butchers have existed for years so I don't know why mobile restaurants took so long.
There is also a subtle undertone (I chose not to dive into it in the article, as it's been discussed in depth elsewhere) about the fact that many of France's most successful citizens found their success outside of France, suggesting that, while the French system produces a consistent flow of intelligent entrepreneurs (a keystone of a healthy startup ecosystem), it fails to create an environment in which those entrepreneurs feel they can succeed.
- 71% tax above 31k€ per year: VAT 20%, Revenue tax 15%, Taxe Pro/Education 1%, [health, retirement, elderly, unemployment and similar] social mandatory fees 46%, mandatory fees and tax agent 2200€, the total is around 71%.
- Research incentives "CIR" can pay up to 90% of your PhD employees,
- ACCRE, women incentives and some I'm-a-victim incentives can get you 10-80k€ loans that you don't have to reimburse in case of failure.
It looks to me like we're selecting our best start-ups on how well they do at smuggling benefits.
It also looks like we weigh on those who could grow. Make your calculation: Without 71% of tax, how many people do our competitors hire?
Last thing, there is a heavy hate for "those who make money" in France. I'm constantly at fear of talking about money and being bashed on the spot. Not like I try to improve on that anyway, I've seen how rich is the rest of the world and I think we should have a little talk here. Also, we don't incentive successful ones to come back. The retirement and health systems welcome you like someone who is intensely rich, which, in France, isn't good. And intensely rich starts at the programmer wage.
We like to say "Fuite des cerveaux" when talking about our engineers going to [insert any place in the rest of the world]. But we're getting into the range of "Fuite des mains": Two blue collar of my friends have left to Canada. We need to have a little talk in France about money.
That said... I came back from Australia to France to start my company. The competent doctors was a big one for me, as well as a cheaper cost of living.
NB: Thanks heaps to Liam for doing this little research. Looking forward to the list of local startups, e.g. Xavier Niel.
I wont even comment the 71%, because any educated reader will understand that theses taxes do not add up like that.
And even if it was true, a French engineer is still way cheaper than a SF one, especially once you want to provide health care and 401k. Added that since they whine all the time, French startups pay almost no taxes the first years.
The only reason why France do not have an important startup scene, is because French entrepreneur and investors are afraid of risk, and prefer to fund their companies with government subsidies.
> I wont even comment the 71%, because any educated reader will understand that theses taxes do not add up like that.
Emh, have you... done the calculation? Because I did. And I've found 71% for a scenario of 70k€.
It's insulting to assume I've just been adding up percentages. And when I find 71%, it's enough to back my statement that we're plainly choking our companies.
> The only reason (...) is because French entrepreneurs and investors are afraid of risk
Requires citation, it's just an unbacked statement. You have to prove it's the genes and not the administrative burden that weighs on us. I say it's the administrative burden.
It's not even clear what you are talking about. Anyway what I meant is that you are adding, VAT, income taxes and employment taxes, It makes no sense because they all have a different "Assiette fiscale" (sorry no idea of the translation, it mean that their cost are based on different amounts i.e. benefit vs revenue vs salaries).
> Requires citation
Xavier Niel: "France is a tax heaven" [0]
Plus my own experience of parisian entrepreneurs / startups. Most of them are ramen profitable from the start just because of the R&D grants and other subsidies.
[0] http://www.latribune.fr/technos-medias/20131011trib000790084...
Good job on citing Xavier Niel. The tax+subsidies system still alters the profile of start-up that survives.
Canada seems to be on a middle ground (ignoring the present administration). We complain about taxes too, but even the most conservative like our universal healthcare. It's a trade-off.
The far more competitive and close by Seattle although draws in a lot of talent with no state income tax and being cheaper than California yet still close to home.
French entrepeneurs are relevant maybe to counter the idea that France doesn't know how to innovate. I'm not sure how relevant ebay's guy is as an example. As someone who did something similar (Born in France, went to US for elementary school and middle school, back in france for HS Uni) I feel more american than french.
The greater idea was that there is something inherently 'French' that produces great entrepreneurs - not that these particular ones owe France anything, but that it's worth reflecting on.
Now, we need some examples of "I innovate but I do not run startup" to counter the idea that starting startup is the only way to innovate.
http://media.ccc.de/browse/congress/2013/
Lots of hacking. Startups, not so much.
And ... how can this list not mention Fabrice Bellard, without whom neither QEMU (essential to KVM and VirtualBox), nor FFMPEG (very significantly behind the scenes in VLC, Handbrake, YouTube, Chrome and just about any other media related software) would have been. If you have used the internet for 60 minutes today, it is quite likely you've used a Bellard derived product.
(As an aside: a former French entreprenuer that immediately comes to mind is Jean-Louis Gassée who founded Be Inc.)
The list is in no way complete, nor indicative of any 'ranking' - I think I could write a similar list once a week for the next year and not give everyone their due respect.
'Cause there's a ton of great companies with French founders: Dassault, Parrot, Genostar, Mandriva, Digimind, and more...
This article strikes on one of my pet peeves, though. Calling non-startups startups. Ebay hasn't been in a startup in over 10 years. They are simply a 'company' now.
Most of the list are current startups; VLC is also only somewhat a startup (VideoLab is more of a startup; VLC being the project).