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Comment by linkregister

10 hours ago

Indeed, French labor laws and their downstream effects have pushed the most talented French researchers to US-based frontier labs, thus building one of the most competent cohorts of international AI scientists.

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linkregister

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kergonath  9 hours ago

This has more to do with the humongous amounts of money sloshing around in VC funds and the disproportionate importance of the US in the global financial markets. They just followed the money. Those who are successful in securing funding then tend to come back eventually.

  • rvnx  8 hours ago

    Curious to see, it sounds like a rather pretty irrational decision. I don’t see many YC companies suddenly running toward France after securing funding.

  • pembrook  2 hours ago

    Again, the amount of money “sloshing around” in US based VC funds is again due to policy decisions made by the US.

    By having a diverse set of private pension funds and endowments as LPs this is what funds the VC ecosystem.

    France vacuums up its private capital into government pension schemes and dumps it into low yielding government bonds.

olivermuty  10 hours ago

Do you really believe this? Lol

Could you please elaborate what labour law drives the labour out of france?

  • linkregister  5 hours ago

    Haha yeah. I'm being a bit silly but I do.

    The impacts of French labor law have been studied. The European Union is a natural laboratory for the impacts of labor policy. There is a strong correlation between looser requirements for terminating employees and startup formation and risk-taking in business. The Nordics and the Baltics have produced more successful technology firms than countries where dismissing employees is onerous.

    The impact of labor laws in France is profound. To avoid hiring employees, many firms bring people on short-term contracts. This disproportionately impacts young people. A tradeoff of the risk of being unable to discharge employees is reduced salaries for the gainfully employed. I have met several French people in tech who left because their post-tax compensation was so low relative to employment in the United States.

    This information is unsourced and parroted from various articles in The Economist, Money & Macro podcast, and accounts of European citizens I've known.

  • retinaros  9 hours ago

    Taxation, admin hell, government involvement led by highly uncompetent unelected people that got to make decision on the sovereignty and future of Companies. The only chance for mistral is to escape the grasp of france and its low iq visionless political “elites” or else theyll endup like dailymotion.

    Building a company in france and europe is hell even mistral ceo said this a few days ago in front of french officials