Public markets around the world have been tanking for the past couple of weeks, and many companies simply can’t run during a lockdown. Sheltering in place has had some horrible economic effects, with a record variety of Americans getting laid off, consisting of numerous startup employees. What is happening in Europe? You might likewise be wondering whether European tech start-ups have to lay off a significant chunk of their workforce and whether monetary capital has ended up being limited.
That’s why I spoke with Jean de La Rochebrochard, a partner for Kima Ventures, backed by French telco and media entrepreneur Xavier Niel. They focus on seed and Series A financial investments and invest in lots of start-ups each year. He manages hundreds of startup financial investments at any provided time, which means he has his finger on the pulse of the tech environment in France and throughout Europe.
The interview was equated from French and edited for clarity and brevity.
Jean de La Rochebrochard: There has actually been a huge modification at the deal-flow level. However we already devoted to some offers prior to the lockdown. We’re currently closing all the deals that we were taking a look at. Over the past 15 days, we have actually closed 15 offers, I think.
It may slow down in the next 15 or 30 days …
Yes, it’s going to slow down, that’s for sure. We’ll just understand for sure in a month when we’re done with our stockpile.
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.