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I don't get the 2nd part, there is nothing stopping French companies translating into the one other language which they probably speak fluently, English, testin
by mattmanser 8y ago
I don't get the 2nd part, there is nothing stopping French companies translating into the one other language which they probably speak fluently, English, testing it in the UK as they're roughly the same timezone, then moving onto the big English speaking markets of the US, Canada and Australia, which are all significantly bigger than probably 17 of those 20 languages.
And the finance thing has nothing to do with Macron (or Merkel or May or any other European leader). European VCs don't speculate on potential unicorns like the US ones do. It's a different risk appetite, what are EU leaders supposed to do?
- 505aaron 8y agoI interpreted it as required by regulation to support the mentioned languages. However, I would like to understand if this is the case.
- victorNicollet 8y agoThere is no such regulation. We're a B2B French company, based in Paris, and there's only one user interface language (English) that even our French customers have to use. Even for B2C, there are no language regulations. For public and almost-public organizations, there is a regulation: you can communicate in exactly one language (French) or at least three languages (usually these will be English and German). On the other hand, trying to sell to the average French person will require a French translation, and the same is probably true for most other EU countries if you wish to improve your chances ("have a translation in that language" is likely in the top 5 of improvement suggestions for a new market). 300 million people sharing the same language is a boon, especially for B2C or B2SMB.
- solarkraft 8y agoThose 300 people also share similar culture, likely speeding up adoption through word of mouth. Since I mostly consume english, US-centric media, I wonder how high the marketing effect even outside the US is for services that launch in the US first.
- mattmanser 8y agoAs others say, there's no such regulation. In fact it's better to sell outside the EU as those customers don't have to pay VAT so you have better margins or can sell it cheaper.
- no1youknowz 8y agoThe 2nd part relates to the statement many make here on HN. The fallacy which is: That if you don't do business in the EU, you are missing out on 22%-25% GDP of the worlds economy.
- tormeh 8y agoWell, you are. The statement is not wrong. It's just a terrible first market to go for, since there's just a lot more work required to penetrate it.