AGENDA 2PARIS STARTUP SCENE 101‣
Background: Who the F*CK am I?‣ History: 100 years of French innovation in 1 slide‣ French tax laws – tough on revenue, but loves R&D‣ French Engineers – underpaid & overqualified‣ The Startup Scene – Who/What you need to know‣ The French Market – penetrate it.
INTRODUCTION 3WHO AM I?‣ Born
in the Silicon Valley‣ Moved to France in 2010‣ Rude Baguette – France’s Startup Blog ‣ Launched in November, 2011 ‣ 30K UV/month today ‣ 47% readers in France ‣ Referenced by TechCrunch, Pandodaily, GigaOm & TechMeme in last 60 days
FRENCH TAX LAWS – FAVORING
R&D OVER REVENUE 7CIR: Subsidized R&D up to €100M JEI Status: Subsidized employment of designers & developers1st year: 40%2nd year: 35% 20% tax on top of salaryEvery yearonwards: 35% € 40K salary = you pay €48KAll R&D beyond instead of €60K€100M subsidizedat 5% OSEO: €650M SMB Grants for innovation, expansion, and R&D
FRENCH ENGINEERS – OVERQUALIFIED /
UNDERPAID 8 Facts Traditionally underpaid in 1000s of new engineers coming out startups (35-40K€/year) of France’s top engineering schools Myths 35 Hour Work Week Impossible/Expensive to Fire