{"id":715,"date":"2011-11-28T12:40:25","date_gmt":"2011-11-28T11:40:25","guid":{"rendered":"http:\/\/rudebaguette.com\/?p=715"},"modified":"2019-05-17T18:26:27","modified_gmt":"2019-05-17T16:26:27","slug":"3-takeaways-from-deloittes-fast-500","status":"publish","type":"post","link":"https:\/\/www.rudebaguette.com\/en\/2011\/11\/3-takeaways-from-deloittes-fast-500\/","title":{"rendered":"3 Takeaways from Deloitte's Fast 500"},"content":{"rendered":"

\"\"<\/a>This past week, Deloitte released it’s annual\u00a0list of the 500 fastest growing EMEA technology companies, and the results are pretty interesting. The most interesting point is probably that Logic Bilisim<\/a>, the top growing technology company with %28617 gr0wth<\/strong>, is from Turkey<\/strong><\/span>. I thought I’d take look at the list and find some takeaways that could be helpful for startups.<\/p>\n

More or Best – You Can’t Have Both<\/h2>\n

\"\"For the second year in a row, France ranked in with the most companies per country on the top 500 list; however, you wouldn’t notice that if your eyes drifted too quickly<\/a> to the top 10 list, where the UK & Ireland took 7 of the top 10 growing technologies companies. This is the first mistake<\/strong> for a startup – thinking about how to be the best<\/em>. If you look at it statistically, it’s microscopic, the chance that you will be “the best” in any substantial respect – continuing to think in terms of being the top 10 implies you think that you<\/em>\u00a0will increase your odds, and that’s just plain\u00a0hubris. I understand the love of risk – that’s what makes us Pirates<\/a>\u00a0– but the “Go Big or Go Home” is not the only way to do a startup.
\nThe Point is:<\/strong> France’s consistent placement (this is the 2nd consecutive year that France has the most companies on the Fast 500 list) shows a great ability, when needed, to keep its head down and reiterate, striving not for the most growth, but more a consistently high level of growth. It is possible to innovate in a space without conquering the world – find the comfortable middle and you fill find an attainable goal worth striving for.<\/p>\n

Do What you Know<\/h2>\n

\"\"France hit number 1 in two sectors, BioTech(BioAlliance Pharma<\/a>\u00a0# 22)\u00a0and Media\/Entertainment(Concoursmania<\/a>\u00a0– #70) – France also took the #3,#9, and #10 slot in BioTech, which explains\u00a0Strasbourg’s StartupWeekend turnout<\/a>.\u00a0Two of France’s top 3 companies by growth, Aquafadas<\/a>\u00a0and Ikos Group<\/a>, are software companies; and while they may have placed 7th and 10th overall in the sector, that shows consistency – after all, France was the only country to have two<\/em> top 10 software companies.
\nThe point is:<\/strong> I hate to break it to you, France, but not every culture is best suited to innovate in every sector. Perhaps the sectors that France excels in aren’t the most trending, or quickest growing.\u00a0Not every culture is most suited to do, say, social startups<\/em>\u00a0– as it turns out, Californians\/Americans are more experienced with being social than the French (*braces for angry comments below<\/em>*), just like New York startups are more suited for Digital Media startups. London’s top startup,\u00a0Fixnetix<\/a>, provides services to Financial traders – no surprise, given their strong finance background.\u00a0Ask yourself: What does France already <\/em>do well that it can apply to startups?\u00a0<\/strong><\/p>\n

Fast Growth doesn’t come FAST<\/h2>\n

\"\"While SoLoMo might be what’s on the plate for LeWeb<\/strong>, it’s interesting to look at what’s trending in Deloitte’s Fast 500<\/em>\u00a0EMEA companies. Sticking my foot fully in my mouth, I have to admit that the #6 companies, RatedPeople.com<\/a>, is indeed a “Lo” company – providing certified\u00a0Lo<\/strong>cal tradesman to those offering work. The fastest growing companies are providing real<\/em>\u00a0customers with real <\/em>needs, and they’re doing it well.\u00a0I should note that Deloitte’s growth percentage is based on percentage revenue growth over the last five years, meaning that companies have to be in business for a minimum of 5 years in order to meet their eligibility requirements ( 5 years ago?! That’s when Twitter was still being done via text message!)
\nThe point is<\/strong>:\u00a0keep your head down. These companies are not celebrating press coverage by TechCrunch – in fact, Goal Europe<\/strong> pointed out<\/a> that the top 3 UK companies on the Deloitte Fast 500 have never been covered by TechCrunchEU. Fast growth rate does not come fast, and we can only begin to discuss the value of a company 5 years after its inception, when it has had time to show whether it will sink or swim.
\nBe sure to Check out Goal Europe’s take<\/a> on what the Deloitte Fast 500 means for Central and Eastern European countries, or check out some of our other startup articles:<\/em>
\n1. Mathieu Lhoumeau raised $0 Million for Contract Live<\/a>
\n2. Smartdate, the French startup everyone is asking questions about<\/a>
\n3. How Polaris & Dublin can help European startups get to the US<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

This past week, Deloitte released it’s annual\u00a0list of the 500 fastest growing EMEA technology companies, and the results are pretty interesting. The most interesting point is probably that Logic Bilisim, the top growing technology company with %28617 gr0wth, is from Turkey. I thought I’d take look at the list and find some takeaways that could<\/p>\n","protected":false},"author":77,"featured_media":64807,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"subtitle":"","footnotes":""},"categories":[113],"tags":[7242,8536,9053],"class_list":["post-715","post","type-post","status-publish","format-standard","has-post-thumbnail","category-finance","tag-entrepreneurship-en-2","tag-leweb-en","tag-solomo-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/posts\/715","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=715"}],"version-history":[{"count":0,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/posts\/715\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/media\/64807"}],"wp:attachment":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/media?parent=715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/categories?post=715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/tags?post=715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}