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Paul-Francois Fournier - Bpifrance - State of French Startup & VC Ecosystem - Stanford Engineering - Jan 8 2018

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Talk by Paul-Francois Fournier, Chief Innovation Officer, Bpifrance (France), at Stanford on Jan 8 2018, in our session: 'Sweden & France : Autonomous Freight Startups and State Venture Banks'.

Website: http://www.StanfordEuropreneurs.org
YouTube Channel: https://www.youtube.com/user/StanfordEuropreneurs
Twitter: @Europreneurs

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Paul-Francois Fournier - Bpifrance - State of French Startup & VC Ecosystem - Stanford Engineering - Jan 8 2018

  1. 1. A New French Revolution European Entrepreneurship & Innovation Stanford Engineering - Monday 8, January 2018 Paul-François Fournier Chief Innovation Officer bpifrance.fr
  2. 2. 3 missions Support Innovative Companies Foster Entrepreneurship Provide Eximbank Tools A new concept of a Bank for Entrepreneurs
  3. 3. Bank Loan Guarantees and Credit Insurance Loans Innovation Financing VC Small Cap Eq. Invt Mid-Large Cap Eq. Invt Fund of Funds €8B p/y guarantees €16B p/y export credit insurance Excluding funds dedicated to unsecured loans €15B per year €1,3B per year (soft loans / subsidies) €1,5B AUM €1,4B AUM €14B AUM €4B in 330 Funds €1B committed in 2017 60,000 companies per year 20,000 companies per year 4,000 startups 2,000 SMBs per year 7 Funds 50 invts per year 4 Funds 100 invts per year Orange, Gemalto, STmicro, Ingenico, Soitec, Criteo, Talend… including Atomico, Balderton, Versant Ventures, New Leaf, Advent The « French Silicon Valley Bank »
  4. 4. Rising VC Industry Large Talent Pool New Culture A New Tech Revolution
  5. 5. A Large Talent Pool
  6. 6. Easy Access Competitive Workforce Scientific Excellence 1,000,000 engineers = Germany $60,000 / year + 30% Tax Credit IoT / Telcos 80,000+ devs / year Low Turnover AI / Analytics 70,000+PhD / year 47% foreigners 60 hours / week Biotech Secret sauce: the talent pool
  7. 7. A New Culture
  8. 8. A massive cultural shift 50%of 18-24 year old French people want to create their own company Poll IdInvest / ViaVoice, April 2015
  9. 9. Early leaders Role Models New Kids on the Block Frédéric Mazella Antoine Martin Nicolas Dessaigne Jonathan BenhamouJérôme LecatOlivier Pomel Daniel Marhely Bertrand Diard Pierre Chappaz Xavier Niel Jean-Baptiste RudelleJean-David Blanc Pierre K-Morizet Marc SimonciniLoic Le Meur Jacques-Antoine Granjon
  10. 10. A talented community in the US Yann Lecun Head of AI Alex Dayon Pres. Product Gilbert Passin VP Manufacturing J-P Courtois Exec. VP Marc Onetto ex SVP Operations Fidji Simo VP Product Frederic Lalluyaux Former CEO JB Rudelle Founder Alex Lebrun Founder David Gurle Founder Eric Setton Founder Jérôme Lecat Founder Mathilde Collin Founder Nicolas Dessaigne Founder
  11. 11. Number of deals by regions (S1 2017) 341 36 52 33 23 5 17 23 9 3 16 15 1 Source
  12. 12. Some French Unicorns • Car sharing • $335M raised • 600 employees • 50M members in 22 countries • Cloud hosting solutions • $650M raised • 2,000 employees • 260,000 servers in 19 countries
  13. 13. Time to think BIG Station F The Largest Tech Campus in The World 1,000 startups
  14. 14. A Rising VC Industry
  15. 15. 177 142 87 253 297 74 114 126 121 167 204 1004 269 342 477 203 294 302 870 679 586 1452 58633 41 24 40 30 36 31 37 52 47 35 43 65 69 66 49 81 133 150 144 188 169 166 0 100 200 300 400 500 600 700 800 900 1000 1100 1200 1300 1400 1500 0 10 20 30 40 50 60 70 80 90 100 110 120 130 140 150 160 170 180 190 200 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Investments($M) Numberofdeals Investments Deals 2012 2013 2014 2015 2016 2017 VC x3 in 3 years Source Creation
  16. 16. 1.3 1.3 3.2 3.8 3.2 0. 1. 2. 3. 4. 2012 2014 2016 0.5 0.6 0.8 1.5 2.7 0. 1. 2. 3. 4. 2012 2014 2016 0.5 0.5 1.2 1.8 2.7 0. 1. 2. 3. 4. 2012 2014 2016 0.6 0.6 2. 2.9 2. 0. 1. 2. 3. 4. 2012 2014 2016 UK France GermanyIsrael France is now #2 in Europe Volume in $B (2012 - 2016) Source
  17. 17. 4,110 France is now #2 in Europe 410 542 644 545 520 100 238 375 513 650 2012 2014 2016 118 167 180 243 590 100 238 375 513 650 2012 2014 2016 88 132 166 241 231 100 238 375 513 650 2012 2014 2016 165 245 288 353 380 100 238 375 513 650 2012 2014 2016 Number of deals (2012 - 2016) Source UK France GermanyIsrael
  18. 18. 80 160 0 40 80 120 160 200 2012 2016 Average size of French VC funds (€M) x2 Today’s challenge: growth stage Largest rounds in the last 12 months ($M) OVH 250 KKR, Towerbrook Capital Partners Sigfox 150 Salesforce Ventures, Bpifrance, Total, Alto Invest, Intel Capital, Elliott Deezer 110 Access Industries, Orange Devialet 105 Bpifrance, Korelya Capital, Foxconn, Renault, SharpCM CIC Actility 75 IdInvest, Bpifrance, Creadev, Foxconn, Ginko Oodrive 71 Tikehau Capital, MI3, NextStage Vestiaire Collective 62 IdInvest, Eurazeo, Vitruvian Blade 51 Business Angels Algolia 53 Accel, SaasTr Fund, Alven, Point Nine Capital, Storm Ventures GuestToGuest 35 Alyan, MAIF
  19. 19. $308M Altice $275M Wolters Kluver $213M Snap $191M Nokia $189M Trainline $122M IPO $106M iHealth $57M enea Top exits last 12 months
  20. 20. They believe in French entrepreneurs
  21. 21. THANK YOU paulfrancois.fournier@bpifrance.fr @Paul_F_Fournier

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