The question I am asked most frequently by European entrepreneurs I know is: “How much is my company worth ?” I’ll pull a Henry Kissinger and answer a slightly different and more precise question, which is that of how VC’s in Europe calculate valuations of tech companies. Even if it’s more precise, the answer still […]
First off, for anyone who doesn't know Smartdate, it's often defined as the French Zoosk. It's a Facebook-based dating platform that helps you date people within your online network. The company officially launched in March 2010 raised some €5.5 million with 360 Capital and 2 well-known French entrepreneurs (in the country where it is supposedly impossible to raise money), launched its platform in 6 different languages and accumulated 650K members within a year.
It's true. French companies don't have the same acquisition culture as some of the American tech darlings, like Google or Facebook. And it definitely doesn't help the local exit market. French and other European companies often look across the Atlantic when it comes time to go public or get acquired.But just because there are more exit opportunities elsewhere doesn't mean there are none at home.