France is an ecosystem where smaller (tech) companies get acquired by massive conglomerates (Vivendi, LVMH...). Or more recently like Zenly's acquisition by Snapchat.
While there are some French tech unicorns (BlaBlaCar, Criteo, Veepee, Doctolib) a lot of French founders just create their company in the US (Docker, Lending Club, Wit-AI) because the labor code is simpler and there are more VC funds.
The current administration is trying to change that with Station F and by making it easier to get foreign workers visas but it's a long shot.
https://en.wikipedia.org/wiki/Vivendi https://techcrunch.com/2017/06/21/snapchat-buys-zenly/
While there are some French tech unicorns (BlaBlaCar, Criteo, Veepee, Doctolib) a lot of French founders just create their company in the US (Docker, Lending Club, Wit-AI) because the labor code is simpler and there are more VC funds.
The current administration is trying to change that with Station F and by making it easier to get foreign workers visas but it's a long shot.
https://en.wikipedia.org/wiki/Station_F
https://visa.lafrenchtech.com/