Agree mostly but he only talk about some AI start-ups that have a 1 to 1 model or at best a 1 to few.
There is some AI startups like ours which have a 1 to many model. We use Computer Vision to collect data from video streams and sell data and transformed data through our API.
The output of our models is the same for everyone.
Cost wise though it's clearly being not knowledgeable about how it works or at least think all AI startups have huge training set. For many companies owning your hardware for training is a very easy step to rationalise cost.
It feels like an article written about all AI companies but actually (very) true only for some AI companies.
Imho:
French start-up ecosystem is booming. Still immature in some aspects.
Really good tech companies, less aggressive in sales than german for example.
Cash is coming really hard from french VCs but also UK and some US.
I consider France a tax heaven for start-up with multiple leverage:
- JEI (Jeune Entreprise Innovante) status: basically you pay low employer's contribution
- CIR (Crédit Impot Recherche): you have 30% of you Research and Development (if it's really R&D) refunded as tax break or cash.
- BPI (Banque Publique d'Investissement): basically some free money, loans and cash for equity investement; Really easy if VCs are already onboard.
- Unemployment law. If you've worked enough you get paid for a period of time to find another job and creating a company qualify as finding another job.
Other cool stuff: culture, low salary, top tier math/engineer schools, good business school/MBA, great community but a bit too nice.
Bad stuff: weather in Paris, English is pretty bad (with some progress), French market too small for most businesses, a lot of uneducated BAs, VCs and Entrepreneurs. Europe fragmented market, administration is slow and heavy, overcrowd of start-up recently.
And we are only talking about French salaries in Paris, in other smaller cities they are even less..
i agree and I already see at my scale a salary increase in average, probably in the right direction.
Hi! Thanks for your feedback, we didn't had anything to hide hopefully, it's just during this momentum, I've became slightly paranoid about loosing it and you never know how it can change, not sur it's the good way, that's just how I thought about it :)
For publishing this post, I discussed with our investors, and my idea was simply to share something I found so few testimony about. And if it can help other entrepreneurs or even investors understand what happens in CEOs head I think it's worth! Our investors are nice and comprehensive <3
Hi! Interesting thought here,
But people we have in recrutement process ask those kind of salary we didn't made those up. And probably the salary in France are undervalued, probably talents will seek US salaries, but I don't feel that we are losing talents when I see the peiole we've hired, but I don't have the answer here and you might be right. On the salary range it's often wide because we are not looking specifically for senior persons: yes 40k for a senior dev doesn't make sense. Though The last idea doesn't make sense, salaries evolve during the life of a startup and they mostly increase so this scenario wont happen and probably short sighted thinking from you to think salaries are managed in such a simplistic way ;)
Cost wise though it's clearly being not knowledgeable about how it works or at least think all AI startups have huge training set. For many companies owning your hardware for training is a very easy step to rationalise cost.
It feels like an article written about all AI companies but actually (very) true only for some AI companies.