Raph Crouan retweeted
Excited to welcome renewable energy tax advisor Mark Christy to #TeamOrrick. Mark joins our team led by John Eliason as we help our clients take advantage of the extraordinary tax equity and tax credit opportunities in today’s market.
ow.ly/Z20250SIcnp
Raph Crouan retweeted
Raph Crouan (@raphcrouan), Managing Director at Orrick Technology Clients Europe (@Orrick), will be joining us at the Tech.eu Summit London 2024.
Get your tickets before prices increase on April 15th!🚀
tech.eu/event/2024/summit-lo…
#techeu #techeusummit24
Raph Crouan retweeted
Paris AI is on fire.
The ML ecosystem in France is on fire🔥 It has amazing talent and resources. Here are 10 facts you might not know:
1. There are great research labs - from @MistralAI and @kyutai_labs to large ones from @AIatMeta and @GoogleDeepMind. The Llama 2 and CodeLlama authors are based in France!
2. Did you know sklearn is maintained by @Inria (a top national research institution).
3. Companies such as @OVHcloud and @Scaleway are European leads in computing and hosting.
4. There is the Jean Zay supercomputer with 28 petaflops, where @BigscienceW Bloom was trained.
5. @huggingface has its largest office there🤗.
6. There is @joinstationf, the world's largest startup campus with 1k+ startups, and 42, a very interesting CS school.
7. It has top CS universities. Maybe they don't have international renown or prestige and they don't invest as much in marketing, but they are really top, and their alumni are really, really strong.
8. A thriving startup ecosystem, @MithrilSecurity @photoroom_app @giskard_ai ChainLit @zama and many others.
9. Unlike SF, it's not in a tech bubble. E.g., the fashion industry is very strong. There are many art collectives. A good example of the power of this is Obvious Art (obvious-art.com/), a collective of researchers and artists working with ML.
10. It's very well located in Europe; quick train ride away from other tech hubs such as London, Barcelona, or Zurich, as well as strong universities (EPFL, ETH, UK unis, etc).
Raph Crouan retweeted
On vous dit tout sur Ctrl / Altman / Delete dans @siliconcarnesf
youtu.be/J3VbljQEgLw?si=Ecdh…
Raph Crouan retweeted
Dear Mira and Ilya - congratulations on your coup at OpenAI. Since both of you have together never raised a penny as entrepreneurs, let me explain what happens.
Oh, and you *will* need to raise since your venture’s unit economics don’t make sense. Remember, you pay $0.30 every time someone asks a doofus question to ChatGPT. Heck, I sometimes ask the same thing 5 times.
Also, the last deal at $80 billion valuation - is as dead as the Egyptian pharaohs. Glorious to write about and visualize. But super dead, under the sand, not coming back.
Not only that - but you sideswiped your biggest partner, Microsoft. Of course publicly they will say the right thing, but you know and they know it and a random fellow like me knows it - they must be seething mad about it.
Few of your top researchers have already quit, and if there is one thing Sam Altman is especially good at, it is raising and deploying capital. Before the sign with your name and title as “CEO” and “Defacto CEO” gets emblazoned in the OpenAI offices, Sam would have a new company, $1 billion investment and offers out to all your, soon to be ex, top product people and researchers.
So you head into next week having lost your top dealmaker, top researchers, top product visionary, top partner and top investor, and with a business which has terrible unit economics.
And let’s not forget - the two of you are not entrepreneurs. Most people in your board have never held a proper tech job ever. You have never had to face the abject rejection which follows from pitching many investors, going through the process, and getting to close. Getting to close is the toughest. Sometimes investors say yes, but they don’t actually mean it. Sometimes they even sign, and still don’t wire the funds. You will need to live through all of it, the pain and rejection, and feel intense amount of pressure of having to provide for your team members - who pays their mortgages, car loans, kids school tuition - the ones whom you played with at the last company picnic.
After you are exhausted with the realities of the market - you will sell out OpenAI to Microsoft entirely, and be housed as Global Principal Product Managers in building 4 in Seattle, where it rains non-stop. Microsoft will never fire you, Satya will always say the right thing about you - because he is an honorable person.
But deep down in your heart, as you are watching the Netflix movie on OpenAI and Joseph-Gordon Levitt’s wife plays herself as a board member who fired Sam Altman over Google Meet, you will think and realize that you had it all - you could have been at the helm of a $1 trillion company. History will forget you. Sam and Greg and everyone else would have moved on and forgotten about you. e/acc would have built out fundamental OpenAI alternatives in anycase..
Raph Crouan retweeted
Probably nothing, but Poolside AI is the 2nd notable startup to be announcing moving its HQ from the US to Paris in a week? (other one being The Browser Company)
🇺🇸🛫🇫🇷
Raph Crouan retweeted
The State of European Tech First Look 2023 is out now! For the first time ever, @atomico is releasing a slimmed-down, mid-year edition of the report. Click here to read more: stateofeuropeantech.com/
Raph Crouan retweeted
Holy s**t @seedcamp I knew you were one of the best... but these returns are insane (and kudos for the transparency) seedcamp.com/welcome-to-seed…
Raph Crouan retweeted
Law firm @Orrick analysed 500+ deals it closed for European clients last year, with an aggregate value of $12 billion+, and released a very comprehensive report based on all that data.
Caught up with Jamie Moore and @RaphCrouan @OrrickTech to learn more:
tech.eu/2023/03/15/whats-the…
Raph Crouan retweeted
THE DEAL IS DONE. HSBC will acquire SVB UK.
Story here: ft.com/content/216b193d-62b3…
Details to come...
Raph Crouan retweeted
🔥 There are now 100 signatories from the VC industry inc. all key players now in support of SVB and the 1K+ British startups it powers . 💪 Keep pushing and sharing. NOW is the time. Content + full list of signatories in the link.
notion.so/stridevc/VCs-in-Su…
Raph Crouan retweeted
Leading UK VCs express support for SVB. List now way too long to include everyone on the visual.
Raph Crouan retweeted
Hearing from non-tech bubble people "bankers should not be bailed out" re the @SVB_Financial UK collapse.
❗️That's a misunderstanding.
We're not asking @Jeremy_Hunt to bail out rich bankers, but safeguard DEPOSITED CASH from 1000's of startups so 1000's don't lose their jobs.
Raph Crouan retweeted
highlighted the top 10 women-led startups from @1000FacesNFT's demo day for International Women's Day
check 'em out below ⬇️
techcrunch.com/2023/03/08/me…
Raph Crouan retweeted
Bravo aux lauréats 2023 du #FrenchTech120 #Next40, que nous avons dévoilés avec les Ministres @BrunoLeMaire et @jnbarrot. Cette promotion incarne les enjeux de demain : une tech plus solide 💪, plus verte ♻️, et plus industrielle 🏭 !
Nous sommes fiers de vous accompagner !
Raph Crouan retweeted
✨Meet our founding members✨
@raphcrouan , is Managing Director for technology clients at @Orrick, a global law firm that focuses on tech, energy, infrastructure, and finance sectors.
Raph has minted 2 of our NFTs!
Thank you for your precious support!
#thousandfaces
Raph Crouan retweeted
💫 Having completed 3 weeks of pitching by the female founders, Intense team deliberations and Founding Member evaluations
We're glad to present the top 30 finalists for the accelerate program 🥁
Slide to view the finalists ➡️
#funding #femalefounders
Raph Crouan retweeted
🧑🎓✨Meet our Jury for the Thousand Faces accelerate program
1️⃣ @raphcrouan MD Tech Europe Orrick
2️⃣ Milena Monova Co-founder Aut Protocol
3️⃣ Timothy Glenn Roberts Founder TipTags
✨Being experts in there fields, we trust them to make the right choices
#funding #femalefounders




































