I find it funny that the underlying assumption in all the arguments against the 60% exit rate is that VC funding is the only way technology is funded.
Maybe the French as a society should figure out how to fund technology in a different way.
It appears to me that Silicon Valley, which is supposed to be innovative, is really only producing one kind of technology. Even in the USA, technology used to be funded primarily in other ways. At some point the US government decided to give all the technology funded by the public away to private interests.
Notice that we went from distributed systems like email, IRC, etc to centralized systems like facebook, twitter.
This is no accident and it is because the funding system changed.
Maybe the French as a society should figure out how to fund technology in a different way.
It appears to me that Silicon Valley, which is supposed to be innovative, is really only producing one kind of technology. Even in the USA, technology used to be funded primarily in other ways. At some point the US government decided to give all the technology funded by the public away to private interests.
Notice that we went from distributed systems like email, IRC, etc to centralized systems like facebook, twitter.
This is no accident and it is because the funding system changed.