{"id":5890,"date":"2012-10-09T14:55:41","date_gmt":"2012-10-09T12:55:41","guid":{"rendered":"https:\/\/www.rudebaguette.com\/?p=5890"},"modified":"2019-05-03T15:27:23","modified_gmt":"2019-05-03T13:27:23","slug":"pigeons-dont-poop-in-private","status":"publish","type":"post","link":"https:\/\/www.rudebaguette.com\/en\/2012\/10\/pigeons-dont-poop-in-private\/","title":{"rendered":"Rude VC: Pigeons don&#039;t poop in private"},"content":{"rendered":"<p style=\"text-align: justify;\"><img fetchpriority=\"high\" decoding=\"async\" class=\" wp-image-5891 alignright\" src=\"https:\/\/www.rudebaguette.com\/wp-content\/uploads\/2012\/10\/pigeonhangover.jpeg\" alt=\"\" width=\"271\" height=\"186\" \/>Wow, it has been quite a week !<\/p>\n<p style=\"text-align: justify;\">President Fran\u00e7ois Hollande\u2019s Socialist government unveiled its draft 2013 budget comprising some potentially devastating tax dis-incentives for entrepreneurs and VCs. A revolt ensued, with the birth of the <a href=\"https:\/\/www.rudebaguette.com\/2012\/10\/01\/the-pigeon-movement-frances-last-hope-for-startups\/\">Pigeon Movement<\/a>, an explosion of emotion on social media sites, worldwide media attention, and the culmination of a dialogue with certain key government ministers involved in the measure.<\/p>\n<p style=\"text-align: justify;\">While I won&#8217;t rehash all the political and economic implications of everything that&#8217;s elapsed over the past week, I would like to tip my cap to the efforts of <a href=\"https:\/\/www.rudebaguette.com\/2012\/07\/03\/france-digitale-launches-with-a-bang-french-startups-make-1-billion-euros-per-year\/\">France Digitale<\/a> (Marie Ekeland and company), Jean-David Chamboredon, Olivier Duha, et al who met with three government ministers on Thursday to explain the importance of entrepreneurship and thus constructively improve the government&#8217;s fiscal budget for 2013. The outcome of this session, no doubt assisted by the pressure of the Pigeon Movement, is a far less egregious version of the budget, albeit <a href=\"https:\/\/www.rudebaguette.com\/2012\/10\/05\/the-pigeon-movement-victory\/\">there is still work to do<\/a>.<\/p>\n<p style=\"text-align: justify;\">As with any movement that rapidly gains traction, a counter-movement also emerged, ranging from doubters, to haters, to conspiracy theorists even. This is natural, and skepticism is healthy.<\/p>\n<p style=\"text-align: justify;\">One sentiment in\u00a0particular\u00a0 expressed by many in the &#8220;anti-pigeon&#8221; camp, caught my attention for its larger implications: the blaming of the pigeons and even the media in general for the negative consequences incurred by this brouhaha. This sentiment was probably best encapsulated by <a href=\"http:\/\/www.henriverdier.com\/\" target=\"_blank\" rel=\"noopener\">Henri Verdier<\/a> in his blog post last week:<\/p>\n<blockquote><p>&#8220;Le recours \u00e0 la presse internationale et les tweets en Anglais p\u00e9nalisent notre \u00e9cosyst\u00e8me et vont dissuader encore plus les investisseurs internationaux d&#8217;investir dans notre pays.&#8221;<\/p><\/blockquote>\n<p style=\"text-align: justify;\">{Roughly translated: &#8220;Appeals to the foreign media and tweets in English are penalizing our ecosystem and are going to further deter foreign investors from investing in France.&#8221;}<\/p>\n<h2 style=\"text-align: justify;\">You&#8217;ve got to be kidding me !<\/h2>\n<p style=\"text-align: justify;\">In fairness to Verdier, he makes some excellent points in his write-up too, so I encourage you to read the whole post in French or with Google translate (<a href=\"http:\/\/www.henriverdier.com\/2012\/10\/pourquoi-je-veux-pas-etre-un-pigeon.html\" target=\"_blank\" rel=\"noopener\">Pourquoi je ne veux pas \u00eatre un pigeon<\/a>). {Incidentally, I find a dual irony in Verdier&#8217;s remark: i) it&#8217;s in a blog post (which is a well-maintained and thought-provoking blog, by the way), and ii) two days later in the same blog Verdier praised President Obama&#8217;s <a href=\"http:\/\/www.henriverdier.com\/2012\/10\/de-lopen-data-lopen-government-les.html\" target=\"_blank\" rel=\"noopener\">initiatives toward openness<\/a> in government.}<\/p>\n<p style=\"text-align: justify;\">But while as an anglophone writer I would love to take credit (as I&#8217;m sure <a href=\"https:\/\/www.rudebaguette.com\/author\/rudehitchhiker\/\">Liam Boogar<\/a> would too) for the fact that noteworthy publications like the <a href=\"http:\/\/www.ft.com\/cms\/s\/1144ad5e-0c86-11e2-a776-00144feabdc0,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F1144ad5e-0c86-11e2-a776-00144feabdc0.html&amp;_i_referer=http%3A%2F%2Fwww.rudebaguette.com\">Financial Times<\/a>, <a href=\"http:\/\/www.businessinsider.com\/les-pigeons-protest-in-france-2012-10\" target=\"_blank\" rel=\"noopener\">Business Insider<\/a>, and <a href=\"http:\/\/www.economist.com\/node\/21564278\" target=\"_blank\" rel=\"noopener\">The Economist<\/a> picked up on the Pigeon Movement, the fact of the matter is that these insightful journalistic organizations have more sophisticated research methods than simply reading <a href=\"http:\/\/markbivens.com\" target=\"_blank\" rel=\"noopener\">http:\/\/markbivens.com<\/a> and <a href=\"https:\/\/www.rudebaguette.com\">http:\/\/rudebaguette.com<\/a>.<\/p>\n<p style=\"text-align: justify;\">The greater issue here is the legacy French bias against openness. Respecting privacy and being discreet are merits of an evolved society, and I&#8217;m not condemning these cultural characteristics. Rather, I&#8217;m referring to closed-mindedness in business. The mindset of &#8220;Let&#8217;s not tell the world what we&#8217;re working on because competitors might find out.&#8221; This anti-openness bias can be particularly damaging to innovation. Recent history is scattered with examples of innovative new businesses built on sharing or collaboration. AirBnb, Uber, France&#8217;s own <a href=\"http:\/\/www.kelbillet.com\/\" target=\"_blank\" rel=\"noopener\">KelBillet<\/a> all represent innovative platforms that enable the sharing of excess capacity, to cite but one space. France&#8217;s burgeoning success story, <a href=\"http:\/\/www.criteo.com\" target=\"_blank\" rel=\"noopener\">Criteo<\/a>, uses social media to engage with customers, recruit talent, open its vision, i.e. for a lot more than mere promotion.<\/p>\n<p style=\"text-align: justify;\">The investor ecosystem in France is guilty too. How many financial intermediaries still systematically request an <a href=\"http:\/\/rude.vc\/r782\" target=\"_blank\" rel=\"noopener\">NDA<\/a> for every investment pitch ? (answer: far too many). How many VC&#8217;s blog openly and actively about their investment views ? (answer: far too few).<\/p>\n<p style=\"text-align: justify;\">The wise adage of, &#8220;What happens in Vegas stays in Vegas,&#8221; is about Las Vegas, not France.<\/p>\n<p style=\"text-align: justify;\">Thankfully, this new generation of French entrepreneurs demonstrates their freedom from the anti-openness bias. Let&#8217;s hope the government doesn&#8217;t scare them off, else we&#8217;ll all be in for one <em>very bad trip<\/em>&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wow, it has been quite a week ! President Fran\u00e7ois Hollande\u2019s Socialist government unveiled its draft 2013 budget comprising some potentially devastating tax dis-incentives for entrepreneurs and VCs. A revolt ensued, with the birth of the Pigeon Movement, an explosion of emotion on social media sites, worldwide media attention, and the culmination of a dialogue<\/p>\n","protected":false},"author":77,"featured_media":64794,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"subtitle":"","footnotes":""},"categories":[113],"tags":[9136,7781,8532,9366,7900,8700,9146,9405,7400],"class_list":["post-5890","post","type-post","status-publish","format-standard","has-post-thumbnail","category-finance","tag-geonpi-en","tag-airbnb-en-2","tag-criteo-en","tag-france-digitale-en","tag-francois-hollande-en-2","tag-jean-david-chamboredon-en","tag-marie-ekeland-en","tag-plf2013-en","tag-uber-en-2"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/posts\/5890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/users\/77"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/comments?post=5890"}],"version-history":[{"count":0,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/posts\/5890\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/media\/64794"}],"wp:attachment":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/media?parent=5890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/categories?post=5890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/tags?post=5890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}