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Yeah, the French government killed the $200 million Yahoo-Dailymotion deal

• jacquesm 13y ago
  This is the sort of thing that I was thinking of when I said earlier in another thread that France is start-up hostile. Dailymotion was on my radar very early on when they were just starting out because one of the VCs I work for was looking at them for a possible investment. They've done a fantastic job at execution especially given the competitive pressure in this arena. To see a French company succeed at this level in the consumer space is incredibly motivating. To see the French government as minor stakeholder cutting off about 98% of all possible exit partners from the options tableau does not help at all, and will likely cause a lot of French web entrepreneurs to re-evaluate their choices in terms of location and funding. Be careful when you accept funding, read all the fine print.
  • claudius 13y ago
    So you’d be happy if Gazprom wanted to buy Intel? The difference mostly being that the US government would have to jump through hoops to shoot down that deal, rather than simply saying no.
    • jacquesm 13y ago
      Intel is a company that has some strategic (rather than sentimental) worth to the US government. This story is about a single partner far up the investment chain nixing a deal that would have benefited a large number of other parties and people that have worked very hard to make this all come true for reasons that do not hold water.