The P

aris Tech Guide

#ParisIsB

ack

TH

E

FRE

NC

HIE

#TR

AD

ITIO

N

#AR

T-DE

-VIV

RE

#CR

EA

TIV

ITY

1. Started from

the Minitel now

we’re here.

2. Paris tech scene today.

3. Invest time &

money in France. S

eriously?4. W

ho: the 7 families you should know

.5. R

esources to get started!6. A

nnex.

IND

EX

STA

RT

ED

FR

OM

T

HE

MIN

ITE

L N

OW

WE

’RE

H

ER

E

1

30

YE

AR

S O

F E

XP

ER

IEN

CE

W

ITH

LA

RG

E S

CA

LE

INN

OV

AT

ION

: S

TA

RT

ING

WIT

H T

HE

MIN

ITE

L

6M

ho

use

ho

lds

alre

ad

y c

on

ne

cte

d in

Fra

nc

e, w

hile

Mo

zaic

w

as ju

st b

ein

g

lau

nch

ed

in th

e U

SA

.

1993$1B

revenues per year at its peak, shared betw

een France Telecom

& 25,000

content providers.

10 years before the Internet, it created the 1st generation of w

ealthy & experienced tech entrepreneurs.

15+ YE

AR

S O

F INT

ER

NE

T

Silicon

Sentier

NO

W

Still the biggest

concentration of Internet startups in France

1998 B

irth of Silicon S

entier 300 Internet startups in a 4 sq km

area - 1st area connected to high speed Internet in France - C

heap & spacious real estate

- Central, great lifestyle for young creatives

ILIAD

XA

VIE

R N

IEL

SY

MB

OL O

F TH

IS JO

UR

NE

Y

$14B V

aluation. From

the minitel

to a telco & Internet

empire.

TE

CH

SC

EN

ETO

DAY

2PA

RIS

Entrepreneurs sleep 35h a w

eek ;)Young &

innovative compagnies

get significant tax rebates.

*JEI & C

IR Schem

es

Trial periods of 6 months

allow you to test before hiring.

TH

EY

W

OR

K

35H/W

EE

K?

TH

EY

PAY

HIG

H TA

XE

S?

TH

EY

C

AN

’TH

IRE

& FIR

E FA

ST

?

CLIC

HÉ

S

40-50%

30%S

oft &

Internet

Concentrated in P

aris

$1.4M

Average ticket invested

$1B

Invested per year in 700+ com

panies

On-par w

ith the UK

where $1.3B

was invested in 2013.

A V

IBR

AN

T E

AR

LY-STA

GE

IN

VE

ST

ME

NT

EN

VIR

ON

ME

NT

TH

ER

E IS

LOC

AL M

ON

EY

A

T T

HE

EA

RLY

STA

GE

$1.5Braised by 9 topearly-stage funds in the past 3 years.

$363M$157M

$61M

$121M$121M

$72M $145M

$54M

$424M

TH

E TO

P 3 E

UR

OP

EA

N FU

ND

S

AR

E A

CT

IVE

ON

TH

E G

RO

UN

D

FRE

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EN

AC

TIV

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O

$90M(est.)

$70MA

CQ

. BY

RE

D H

AT

$1,7Bn

VALU

ATION

$600M

$275M

$140M$90M

AC

Q. B

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OV

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HS

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In the past 12 m

onths

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SC

HE

ME

You can rent bikes easily w

ith Velib!

TR

AV

EL A

NY

WH

ER

E168 destinations in 93 countries

SU

BW

AY IS

PE

RFE

CT

Go anyw

here w

ithin 40 min m

ax

RE

LIAB

LE H

IGH

S

PE

ED

INT

ER

NE

TFree &

fast WiFi

available to everyone.

INT

EN

SE

MIN

I-CA

B

AC

TIV

ITY

5 min to find a car ;)

1HB

RU

SS

ELS

2HLO

ND

ON

3HG

EN

EV

A

4H

ZU

RIC

H

FRA

NK

FUR

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AM

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ER

DA

M

LUX

EM

BO

UR

G

BU

SIN

ES

S IS

GO

OD

GO

OD

GO

OD

Highest num

ber of companies in the D

eloitte Technology Fast 500 ranking of any E

uropean country.

71 companies

86 companies

52 companies

France is #1 European country in company creations, 550,000 in 2012.

“A H

ON

EY

PO

T FO

R T

EC

H C

OM

PAN

IES

” B

loomberg

FRA

NC

E

FOR

EIG

NIN

NO

VA

TIO

N

90% m

arket share on search

1st non Germ

an speaking m

arket

2nd market after the

US

with 15,000 listings

in Paris

1st launch, 1st Uber ‘P

ool’ &

‘PO

P’ outside of the U

S.

500k+ users in Paris

YO

U&PA

RIS

TH

E 7 FA

MILIE

SY

OU

SH

OU

LD K

NO

W4

WH

O

TH

E K

ING

XAVIER N

IELO

NE

-MA

N-S

ILICO

N-VA

LLEY

Softw

are Is E

ating the World

Net W

orth: $8B

Free: 15M subscribers, $5 B

revenue K

ima ventures: m

ost active investor in the w

orld (350+ investments)

Ecole42: Free school,1000 CS

students/year H

alle Freyssinet: incubator, 1000 startups

TH

E

BU

SIN

ES

SM

EN

MA

RC

SIMO

NC

INI

ME

ETIC

, SE

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PR

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AI

JEAN

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CH

AM

BO

RED

ON

IS

AI

Marketplaces

Everyw

hereFR

EDER

IC M

AZZELLA

BLA

BLA

CA

R

Granjon + S

imoncini,

The B

usinessmen

TH

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etter

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imoncini,

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usinessmen

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EB

If You Can

Make it H

ere You C

an make it

Anyw

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& m

any other high profile French founders

TO G

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5R

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OU

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5 min w

alk from each others!

STA

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EE

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Schools

Engineering S

chools

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ISC

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ND

https://files.slack.com/files-pri/T024YS106-F034T5FJK/growth.png

TE

CH

ME

ET

UP

S

RU

BY PA

RIS

Let’s get new

s methods &

business opportunities.

GR

OW

TH H

AC

KIN

G

Learn how to sell products &

gain traction.

TECH

TALK

S

Inspired by NY Tech M

eetup, useful for netw

ork and education.

LE WA

GO

N

Every W

ednesday ,demystify coding!

GET TH

E SWA

G O

N

Inviting the best UX

/UI designers to talk

about their vision and achievements.

INTER

NET O

F THIN

GS

A

ll about usage, design, business &

new tendencies.

STUD

ENT EN

TREPR

ENEU

RS

B

ridging the gap between tech &

business students w

illing to build a startup.

PAR

IS FOU

ND

ERS EVEN

T Founders only netw

orking night by R

ude Baguette.

PITCH

DO

N’T K

ILL MY VIB

E

Com

e test your pitch on stage and get constructive feedback.

STAR

T IN PA

RIS

Monthly dem

o pitch contest for startups.

APER

O EN

TREPR

ENEU

R

Exchange tips, recom

mendations &

contacts. E

very 1st Thursday of the month.

PLA

CE

S TO

HA

NG

OU

T

BR

EA

KFA

ST

ED

GA

RC

OFFE

E D

ELA

VILLE

WO

RK

AN

TIC

AFE

LUN

CH

TE

MP

S D

ES

CE

RIS

ES

DR

INK

S C

AFE

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OC

KTA

ILS LO

CK

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OD

YO

U’R

E W

ELC

OM

E IN

PAR

IS.

TH

AN

K Y

OU

AT

TR

IBU

TIO

N-S

HA

RE

ALIK

E C

RE

AT

IVE

CO

MM

ON

S LIC

EN

SE

. C

RE

AT

ED

BY

:

RE

SO

UR

CE

SHISTO

RY

Aurelien Belanger, La Theorie de l’Information http://www.am

azon.fr/La-th%

C3%A9orie-linform

ation-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/Inform

ation%

20Technology/Chapter%208%

20NETWO

RK%20&%

20COM

MUNICATIO

NS%

20IN%20I%

20T/A%20NATIO

NAL%20NETW

ORK%

20INFRASTRUCTURE.html

In 1995, there were 25,000 different services offered through M

initel. In 1996, M

initel terminals were accessed for 87 m

illion 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 M

initel 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 m

imétiques 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 m

arket cap: EUR 11.3 B as of 6th Dec 2014 = $13.9B Xavier Niel’s net w

orth: $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/m

edia/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 com

panies: Chausson Finance indicateur: 367+412 = 779 30%

software and ecom

merce:

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 G

BP 841m invested in tech = $1.3B

http://www.bvca.co.uk/Portals/0/library/documents/RIA%

20Guides/IAR

%20Autum

n14-fin.pdf

FUNDRAISING

http://www.rudebaguette.com/2013/10/08/partech-raises-a-7th-fund-of-e160-m

illion-eyes-on-europe-early-stage/

Blablacar: https://www.pehub.com/2014/07/blablacar-secures-100-m

ln-series-c-led-by-index-ventures/ $100m

Sarenza: http://www.e-comm

ercefacts.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:///hom

e/chronos/u-ef45abcbfeaae4199d318ef568d5ec40724c2673/Downloads/W

ithings%20PR%

20-%20Fundraising%

20July%2017th%

202013.pdf $30m

Talentsoft: http://www.finsmes.com

/2013/09/talentsoft-raises-e15m.htm

l 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-m

anager-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-m

illion-idinvest-conquer-m

ale-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-m

ln-series-b/?utm

_source=PE+Hub&utm_m

edium=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-sm

bs-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.htm

l $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-m

arket-in-its-largest-acquisition-so-far/ http://blogs.wsj.com/m

oneybeat/2014/06/23/etsy-acquires-french-m

arket-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-m

illion/ $90m

- 22 Nov 2013

Jeuxvideo.com: http://www.him

ediagroup.com/en/blog/2014/06/05/webedia-

acquires-jeuxvideo-com-for-90-euro-m

illion/ EUR 90m

= $109m - 6 M

ay 2014 Allocine: http://lentreprise.lexpress.fr/high-tech-innovation/rachat-d-allocine-pourquoi-fim

alac-fait-une-bonne-affaire_1523020.html EUR67m

= $81m - 18 Jul

2013 W

ebedia: 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 M

ay 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-comm

uniques_52.pdf EUR100m =

$120m - 24 O

ct 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 M

ar 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-m

illion-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 O

Ct 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-tim

e%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/luxem

bourg Bruxelles : 1:22, Luxem

bourg: 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/econom

ic-diplom

acy/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-com

panies-from-m

icrosoft-to-huawei.html

Google m

arket 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 & NO

BELS3 fields m

edals: http://www.diplomatie.gouv.fr/en/com

ing-to-france/facts-about-france/one-figure-one-fact/article/13-the-num

ber-of-french-fields

2nd in number of patents filed: http://www.diplom

atie.gouv.fr/en/french-foreign-policy-1/econom

ic-diplomacy-foreign-trade/facts-about-france/one-figure-one-

fact/article/france-ranks-2nd-in-europe-for-the

Nobel Prizes 9 physics 8 chem

istery

12 medicine

3 economie

http://www.nobelprize.org/nobel_prizes/country-birth-map/

map.phpfrom

year=1901&toyear=2014&cat=phy&region=country

AT

TR

IBU

TIO

NS

ICONS

PICTUREVintage Paris, M

ontmartre

1970s Patrice Molinard

ILLUSTRATIONS

CC TheFam

ily

Bag by Parmelyn

from The Noun Project