I have hard time seeing why state needs involve itself in private market financing.
“We need to create our champions,” Mr. Macron said, adding that his goal was to have at least 25 French tech unicorns by 2025, referring to companies with valuations exceeding €1 billion.
I see this as a rather futile endeavour, and a little bit of a personal insecurity manifestation. Just like as when Xi Jinping vent to California, been dined with all those "smart startupers," and then it hit him "Americans have startups, lets make some too!"
Second to it, why such fixation on the most egregious forms of "tech craze?" France has strong position in materials, chemicals, which strike not less hard economically, and are not less "tech" than cat video websites valued at $1B+
It is a foregone conclusion to me that $1B+ webdev weekend projects have no true economic backing behind them, and they are just artefacts of speculative expectations runaway.
Agree. I have seen Airbus trying this 'lets do what the Americans startups do' model for a few years now and it went no where. It's not their strength.
Comments
I have hard time seeing why state needs involve itself in private market financing.
I see this as a rather futile endeavour, and a little bit of a personal insecurity manifestation. Just like as when Xi Jinping vent to California, been dined with all those "smart startupers," and then it hit him "Americans have startups, lets make some too!"
Second to it, why such fixation on the most egregious forms of "tech craze?" France has strong position in materials, chemicals, which strike not less hard economically, and are not less "tech" than cat video websites valued at $1B+
It is a foregone conclusion to me that $1B+ webdev weekend projects have no true economic backing behind them, and they are just artefacts of speculative expectations runaway.
Agree. I have seen Airbus trying this 'lets do what the Americans startups do' model for a few years now and it went no where. It's not their strength.