France

“Between the two markets, the two territories, the two countries we are mainly active in, France and Germany, we find due to competitive issues, you know, more competition being in France compared to Germany, which has to do with money supply, it's a long story…”

“So in the last few years, we've done free coding classes or intro to coding classes, which were wildly successful in France. And that, you know, we sold out within two hours.”

“And so that's a really intensive screening process, and we only picked 10 finalists, so that's 10 from 250 companies that make the cut.”

“The progress and the development that I have seen since arriving in France has really just outperformed Silicon Valley.”

“The first generation of founders who've made their exit kind of reinvesting massively, you know, in France, you know, an ecosystem that I know best you know, you've got people like Xavier Niel reinvesting massive amount into the into the ecosystem. People like…”

“And it became the largest yearbook company in Australia and launched in France, New Zealand,”

“If you look at capital gains tax rates, effective capital gains tax rates, You create your unicorn, good for you, right, and you're going to make a lot of cash. You'll probably pay 20% capital gains tax rates in the UK on all of that. In France, when all is sa…”

“You'll probably pay 20% capital gains tax rates in the UK on all of that. In France, when all is said and done, you're probably paying closer to 30. And in California, which we all love and celebrate, you're probably paying close to the 37, right, when you add…”

“Instead of advertise, when we translated it to French, we said, create an ad. And in France, we had a much larger rate of advertiser growth, like really much rather a larger rate, like 30, 40%. We were doing an analytics test with a vendor, and they found that…”

“But the reason I think it's harder is because, you know, if you start, let's say in France, then you have an addressable market that is, you know, basically the worst size, right? Because it's actually too big for you to branch out early. But too small for you…”

“More than France and Germany combined, more unicorns than anywhere apart from the US and China.”

“In France, we are really good in we have very good AI engineers, machine learning engineers, because the education system is free, is very focused on mathematics. So we produce lots of good engineers, but we suck at growing companies.”

“If you look at France, why it took off, that relation with Mondial Realais, The relation with mango pay, both of these French companies believed in us, gave us good contracts and worked very closely with us. And then the marketing pricing in France was favorab…”

“So, so by staying long in France, we walked France through all these investment scenarios, and thereby we had a playbook that we then ruthlessly could roll out in all the other countries and make upfront investments that looked like nuts to people.”

“Because it was very clear they had won France at that point in time. And it was, and France was like, it was a profitable region, right?”

“And at the time that it got resurfaced, 90% of the GMV was in France.”

“For senior AI scientists you find them more in the Valley than in France for junior AI scientists. It's there's a wealth of talent in France, in Poland, in the UK And that's that I think one of the strengths of the area.”

“When you look at United Kingdom, France, Spain, Germany, et cetera, they're all just like completely, you know, sort of falling into societal collapse all for, you know, sort of slightly different reasons, but it comes down to a complete lack of, you know, sor…”

“More money went to graduates from Penn, from the school I teach at, and last time I checked in twenty-twenty-two than everybody in France and Germany put together.”

“I think there's pressure to change though, and France is becoming much more ambitious and making a lot of noise on the European stage as well as the global stage about we need to be more progressive. It might take a decade though.”

“This is working. Yeah, that's working. Especially, I mean, UK, France, and those markets is working really well.”

“The average restaurant in the US and Germany orders from four and a half different suppliers. Yeah. So say one for fish and one for meat and one for drinks and so on. France we had nine, much more specialty, more focused on food and so on and so forth. In Spai…”

“The ammunition is, is a cruel one, yeah. So, so the numbers I have from the military is like four days in Germany and UK and five in France, which is 25% more, but it doesn't make a difference.”

“Germans want to buy from Germans. French people want to buy from French people, right? Like you can kind of get away with the UK sales force for a period of time, but usually if you want to go sell it, I'm dealing with one of the companies now, like France, Ge…”

“Go to Germany and France, I can't fire people. Like, dude, they're on, I, they'll be on the books for a year after you want to get rid of them.”