[Reportage] Descent into the Submarine of four start-ups

by bold-lichterman

Since July 2014, the start-ups Snips, Seekube, Five by five and We design services have settled in The submarine. This is the name they gave to their start-up colocation located in a basement in the 11th arrondissement of Paris. The FrenchWeb team went to take a look.

“The most complicated thing is to reassure the owner of our ability to finance such a project when you are a start-up,” explains Paul Cassarino, CEO of Seekube and at the origin of this co-location. He had to negotiate 30,000 euros in cash advance. The overall rent for this 200 m2 space is between 7,000 and 9,000 euros, all charges included, specifies Rand Hindi, the co-founder of Snips. For now, the space cannot accommodate other teams, but if some succeed in growing significantly, they will soon have to hand over the baton …