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While considering a move to France, one of most interesting organisations I stumbled across was The Family (https://www.thefamily.co https://www.thefamily.co).
by welanes 10y ago
While considering a move to France, one of most interesting organisations I stumbled across was The Family (https://www.thefamily.co https://www.thefamily.co).
They exude a really good ethos - or have really good copywriters, at least - and show self-awareness of some of the reservations that come up on HN when somebody mentions Startup and France in the same sentence.
Their 'Toxicity' post damn well near seduced me (pesky Frenchies!) and is worth a read:
> France is full of incubators, there’s news coverage, there’s this startup out of Bulgaria that just raised 2 million, everybody’s a software engineer, hell, in some countries, everybody’s a CEO! But that’s the difference between hype, which is useless, and hope, which is useful...
> ...If you rely on TechCrunch and Medium to give you hints on how to be an entrepreneur, you risk three things: the first is that you believe it’s all true. The job of any good entrepreneur is to sell a good story. Nobody sells you the horrible things going on with the company (at least not until after the company is well on its way to being dead). The second is that you miss critical information filters ...The third risk is that you start to think it’s easy...that growth is just a matter of deciding when it’s the right time.
> Money and people are needed to make any project work, but they are replaceable: there’s always someone willing to write another check, and there’s always someone who you can find to take over a particular job. But you can’t get back time. A bunch of people sitting around, saying that they’re working, talking about new projects every two months, focusing on getting a grant rather than getting a sale, those are people in a toxic ecosystem who are just wasting time.
> Learn to recognize fake work — anything that doesn’t bring you closer to more customers, that doesn’t bring you closer to a better product, that doesn’t put people in contact with your solutions. Applying for public money, going to conferences, taking meetings, this is fake work that doesn’t help you with your business model, doesn’t identify problems and solutions, doesn’t show you the actual goals that you have to achieve in order to have success. Real work does all of those things.
> If you can make money, you’ll have time to figure out the right business model. You won’t have to rely on investors who don’t understand your goals. Finding bad investors can be worse than having none at all.
https://www.thefamily.co/toxicity https://www.thefamily.co/toxicity
Anyone have any experience with these guys? Algolia and Crisp.im passed through their doors, and they seem to be doing well.
- realusername 10y agoI know some close friends who have spent a long time with them and they are only saying good things about them.
- gbersac 10y agoThey have a good reputation. They also have nice offices.
- malloryerik 10y agoI love TheFamily and have watched many many of their videos online, in French and English. In one video by Oussama Ammar -- one of the three co-founders and a very entertaining speaker -- said that a startup should be like a cult. Unique, with a powerful vision and culture. Because of this, Oussama says, working in a shared space with other groups is almost certainly a bad idea -- instead of a unique cult with a powerful culture, you become just another startup in the factory/garage/office. I wonder what he might have to say about Station F.
- bsaul 10y agoJust for info, they're not an incubator in the traditionnal sense. You can't work at their (gorgeous) office. You can see it more like a "club", for doing networking. You also have access to some ressources, but most of their "startup spirit" talks you'll find are mostly translations of american books or talks from valley people, not really first hand experience. They do provide you with good trainings on fund raising, but you may want to ask for the detail of everything you're going to bave access to before you agree to give them 1 to 3% of your company. Also, to my knowledge, the only successfull startup they have was "save", which is a fantastic company lead by very nice people, but it unfortunately filed for bankruptcy a few months ago, after having had a too intense growth. At the moment, i'd say the biggest problem with every single incubator i know is the lack of unicorns coming out of them. Most people giving advices haven't created anything big themselves, and the few people who created really big companies ( criteo and blablacar for the last 10 years) don't go in those ecosystems to mentor newcomers.