Arc de VC: Paris's Silicon Alley
One so rarely hears anything hopeful about entrepreneurial activity in France -- the land of labor strife and student protests -- that it's encouraging to hear that a small venture-capital hub has taken root in the center of Paris. Alarm:Clock Euro reports this morning that some enterprising blogger at French venture firm Chausson Finance has put together a Google Maps mashup showing a cluster of VCs right there in the 8th Arrondissement. Put this data point together with last week's news that Parisian Mayor Bertrand Delanoe wants to blanket the city with Wi-FI, and you've got a trend. Watch out, Palo Alto.
I don't think Palo Alto has anything to worry about. The French really hate working anything approaching Silicon Valley hours. They go home at 4:30 PM. The French workers are described often as "lazy" and "unmotivated", and that's just from the French themselves. Read the book "Bonjour Paresse".
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