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by pythondz
3933 days ago
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I grew up in France; gradutated from University (so not from French Ivy League known as "Les Grandes Ecoles").
I'm currently in a consulting position and tried to launch several startups-ideas at the end of my MS degree with the "Auto-Entrepreneur" status and it was very difficult to find investors because french people are very pessimistic by nature and the atmosphere created by the state and the media is really oppresive.
It means that if you fail (and I failed), people around you will break your mood down (very hard to handle that). You need to find your team of talented people who will be ready to use their own money to reduce costs.
It's almost impossible to recruit someone you don't personnaly know without a large amount of cash.
Splitting equity seems to be not attractive enough with french tech engineers... The one and only advantage in France is that you can restart your life because you can easily avoid indebtedness in case of failure. |
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And the difficulty of finding an engineer willing to be paid in equity only, in a market where they can get both equity AND a good salary, is nothing special to France believe me.