Every evening, the best of Tech news is in the TL; DR of FrenchWeb.
TL; DR (invariable acronym) (21st century): initials of “too long; didn’t read“,
either literally “too long ; not read“
1. (Internet) To express that the message that was sent was not read because it was too long.
2. (Internet) To express that the following is a summary of the text too long.
OVH’s plan to play in the backyard of the cloud giants. The sales of the French host are still far from the 6.1 billion dollars annually claimed today by Amazon Web Services (AWS), the world champion.
Why this is important: OVH presented its “Smart Cloud” strategy on Thursday to establish itself as a major player in the sector, able to compete with American giants such as Amazon Web Services (AWS), Microsoft, Google, Salesforce or IBM. Founded in 1999, the Roubaix-based group is still a small thumb in the cloud market – even though it is one of the few French unicorns. Its turnover, growing by more than 20% per year, has just passed the bar of half a billion euros for the year ended August 31. OVH, which already claims to be the European leader in the cloud, intends to establish itself as an “alternative” global supplier to the American giants, explains Octave Klaba, founder of the French host. The group, which has just rationalized its offer, is counting in particular to impose itself on its open technology (open source).
Y Combinator’s 10 greatest hits. Since its creation in 2005, Y Combinator has invested in more than 1,900 start-ups.
Why this is important: Airbnb, Dropbox, Reddit, Coinbase or even GitLab, beyond being successful Tech adventures, have another point in common: Y Combinator. All these companies have gone through the prestigious American accelerator, machine to train champions. His method? Twice a year, Y Combinator selects a promotion of start-ups in the start-up phase that it finances to the tune of 150,000 dollars. Installed in Silicon Valley, they are then accelerated for three months, to give young shoots “the best possible form and refine their argument in favor of investors“. And since its creation in 2005, Y Combinator has seen many start-ups with in the end a great list of successes. The accelerator has published the list of the 100 best successes among accelerated start-ups, ranked according to their valuation.
Why this is important: Trillium made the proposal in June, arguing that Facebook needed more independent oversight after a series of scandals, personal data leaks or information manipulation, which have shaken user confidence and dented the market. social network image. It is generally accepted by corporate governance experts that more independent boards of directors, i.e. that do not have directors subordinate or accountable to the CEO, better exercise the role of oversight and warning in the event of derivative. The proposal will be put to a vote at the company’s general meeting to be held in May 2019. Facebook declined to comment on the proposal but had stressed in an official document that it does not believe in the benefits of an independent chairman.
20 million euros for Lille residents of Cooptalis, specializing in international mobility. The northern start-up supports companies in sourcing international talent and supports them in their professional mobility.
Why this is important: Cooptalis aims to become the world reference for expatriation. “This fundraising will allow Cooptalis to pursue its growth in France and accelerate its international development. We also wish to continue the external growth strategy, initiated this year with the successful acquisition of the company Link Mobilité, one of the French relocation experts.», State Gilles Lechantre and Olivier Desurmont, founders of Cooptalis.
FoodTech: After raising $ 300 million, Postmates is accelerating its expansion in the United States. The Californian start-up is launching its on-demand delivery service in 134 additional American cities.
Why this is important: With this expansion, Postmates now serves 550 US cities, which makes it possible to address 60% of households in the United States according to the company. To date, the young company based in San Francisco ensures to be profitable in 90% of the cities where it operates.