internet et innovation, capitalisme en mutation - 13 juin 2014
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Intervention de Olivier Mathiot, Président de PriceMinister et Co-Président de France Digitale, au Salon des Solidarités pour WEBASSOC. Description du marché de l'internet et de son fonctionnement social.TRANSCRIPT

Internet et innova+on Capitalisme en muta+on
-‐-‐
Olivier Mathiot Président PriceMinister, VicePrésident France Digitale, …

Social and economic performance of French digital business start-‐ups
Barometer 2013-‐2014 June 2014

1. Methodology 2. Key Figures
2.1 Revenues 2.2 Fund-raising 2.3 Innovation support 2.4 People 2.5 Value-sharing
3. Conclusions 4. Contacts

1. Methodology

• Barometer based on data from VC-‐backed digital start-‐ups • Survey sent by venture capitalists to their par+cipa+ons
• EY as a third-‐party analyzed data in order to consolidate and guarantee confiden+ality of it.
► 116 start-ups
► Average age: 5 years
► 4,8 M€ raised since their creation (median)
► Key figures from financial data 2012 & 2013
1. Methodology

2. Key figures

2.1 Revenues • Total revenues (in M€)
1 598
2 279
0
500
1 000
1 500
2 000
2 500
2012 2013

2.1 Revenues • Interna+onal revenues
France Europe International
72% 61%
17% 21%
11% 18%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2012 2013

2.1 Revenues • Growth of interna+onal revenues (in M€)
France Europe International
1 153 1 398
272
482 173
399
0
500
1 000
1 500
2 000
2 500
2012 2013

2.4 People • People
6 190 7 566
0
1 000
2 000
3 000
4 000
5 000
6 000
7 000
8 000
2012 2013

2.4 People • Type of work contracts (2013) • People qualifica+on (2013)
91%
4% 1% 3%
Permanent contract ("CDI")
Temporary contract ("CDD" & "Interim")
Professional training contract
Internship
3%
26%
68%
3%
High-school diploma or less Bachelor Degree or less Master Degree PhD

2.4 People – Focus on growth of payroll abroad*
* Sample of 106 start-ups
26% 24%
50%
0%
10%
20%
30%
40%
50%
60%
France Europe International

2.5 Value sharing • Percentage of share capital held by owners and employees
46% 54%

2.5 Value sharing • Percentage of share capital held by owners and employees
52% 37% 41%
48% 63% 59%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
0 to 5 M€ 5 to 50 M€ + 50 M€
% of share capital held by external shareholders (VC, Business angels…) % of share capital held by owners and employees

2.5 Value sharing • Are you using equity instruments to mo+vate your team ? *
* Analysis achieved on a sample of 99 start-ups
90%
10%
Yes No

2.5 Value sharing
* Analysis based on a sample of 105 start-ups in 2014
• Types of Equity instruments*
60% 13%
27%
BSPCE Actions Gratuites Stock-options & BSA

2.5 Value sharing • Percentage of employees owning equity instruments*
Percentage calculated by doing the ra+o between the number of employees owning equity instruments and the total number of employees. First chart presents data globally and the second chart is presented by revenue segment
* Sample of 99 start-ups
28%
30%
27%
27%
28%
28%
29%
29%
30%
30%
31%
2012 2013
34% 24%
16%
0%
5%
10%
15%
20%
25%
30%
35%
40%
0 to 5 M€ 5 to 50 M€ + 50 M€

2.5 Value sharing • Did you distribute dividends since the crea+on of the company?
4%
96%
Yes No

2.5 Value sharing • Average age of staff • Ra+o Management / Staff wages
42 32
0
5
10
15
20
25
30
35
40
45
Average age Management
Average age Employees
0,4 2,0
8,1
0,3 2,0
6,2
0,0
1,0
2,0
3,0
4,0
5,0
6,0
7,0
8,0
9,0
Minimum Average Maximum

2.5 Value sharing • Are you both founder and manager of the company ?
11%
89%
No Yes

2.5 Value sharing • Serial entrepreneur
• Gender of Chief Execu+ve Officer
54% 46%
Non Oui
94%
6%
Men Women

3. Conclusions

3. Conclusions
ü +43% of revenues vs 2012 ü 39% of revenues are generated abroad in 2013 ü 24% of respondents have a foreign VC that
already invested in the firm
ü +22% of employees in 2 years ü 91% of permanent contracts ü 50% of people employed by companies
which revenues are from 5 to 50 M€ ü 68% of employees have a Master Degree
People
Innovation support Value sharing ü 46% of the sample did not use « Young
Innovative Company » tax incentive. ü Research Tax Credit remains the preferred
state incentive ü Tax controls increased in 2013. Controls are
now more focused on the Research Tax Credit
ü 46% of share capital held by management and employees
ü 90% of start-ups use equity instruments ü 71% of start-ups have positiv « EBIT »
when reaching 50 M€ of revenues ü 96% never distributed dividendes
HyperGrowth & Born Global

4. Contacts

MERCI
Olivier Mathiot