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What are the forces behind this French 2.0 wave?
Broadband and Cultural roots, for starters!
France is one of the biggest broadband countries in the world, allowing its 15.3 million odd broadband users to experiment with some of the latest technologies over blazing fast Internet connections. Free WiFi is becoming commonplace. It is no surprise that one-in-five of us has a personal blog, a website or has published personal audio or video content on the Internet.
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Secondly, France, also has a financial infrastructure to support the start-up activity, with 25 venture capital funds of various sizes, that specialize in early-stage financing, among them Soffinova (France’s largest venture firm), Iris Capital, i-Source, and Innovation Funds (FCPIs).
Third, is the a small but active group of entrepreneurs who tasted success with their earlier companies and are now investing in other start-ups, much like Silicon Valley angels. These include Jean-Baptiste Rudelle, founder of Criteo; and Loic LeMeur, who till recently led U.S.-based Six Apart’s business operations in Europe.
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