'BSPCE' Tag
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My personal crib sheet for equity incentive instruments in French startups
June 2, 2016As venture investors, we favor equity compensation in our portfolio companies for two primary reasons: i) improved alignment between employees and shareholders toward company success; and ii) the affordability of employing strong, driven people without an unwieldy up-front cash outlay. For investors unfamiliar with the intricacies of French regulation, granting equity in a French startup […]
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My two favorite perks of the Loi Macron for French startups
October 13, 2015Following much debate and anticipation, France’s Loi Macron was finally adopted into effect in early August, during a period when many people weren’t paying too much attention. The Macron Law (inheriting not coincidentally the namesake of the Economy Minister whose ideas inspired it) is technically called the law “for growth, activity and equality of economic […]
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Employee equity grants in French startups (aka, did the tax authority poach my spreadsheet?)
September 9, 2014One major inconvenience in VC investing in French startups which consistently raises its ugly head is the complexity to incentivize key personnel with equity. I’m not referring to the employees who eschew the upside potential afforded by equity in favor of fixed pay with high job security. While certainly understandable at certain positions in a […]