See the pitch memo that raised €105M for four-week-old startup Mistral
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Re: See the pitch memo that raised €105M for four-week-old startup Mistral
#2Reading that memo is going to be a "hold my beer" moment for many, no doubt.
I wonder how much of it was written by ChatGPT...
Re: See the pitch memo that raised €105M for four-week-old startup Mistral
#3Actually seems pretty strong and I really like that it's a memo and not a deck ( I guess that's the Amazonian in me speaking). Fundamentally they are aiming for billion dollar valuations and the company and the initial investors want to start strong without the need for subsequent raises anytime soon .... so it might just work out!
Re: See the pitch memo that raised €105M for four-week-old startup Mistral
#4[dead]
Re: See the pitch memo that raised €105M for four-week-old startup Mistral
#5Anyone reached out to them to see what wages they're offering?
Edit: Trying to see how they will compete with US based on paying EU salaries in a world that is becoming increasingly more remote.
Re: See the pitch memo that raised €105M for four-week-old startup Mistral
#6[dead]
Re: See the pitch memo that raised €105M for four-week-old startup Mistral
#7Reading that memo is going to be a "hold my beer" moment for many, no doubt. I wonder how much of it was written by ChatGPT...
You know, people can write text, too
Re: See the pitch memo that raised €105M for four-week-old startup Mistral
#8It's a very impressive memo, but I'm not sure if I see anything here that's replicatable. It's clearly a sick team, whom have clients lined up (many of whom probably wont ever engage with an American AI firm until they find ways around Schrems II and, possibly III). Most four-week start ups are not in such a situation.
Re: See the pitch memo that raised €105M for four-week-old startup Mistral
#9From the founder's list:
> Cédric O: Former French Secretary of State for Digital Affairs
That explains a lot actually, France is the epitome of crony capitalism, and having a former minister (from the current ruling party) is going to help a lot here…
Re: See the pitch memo that raised €105M for four-week-old startup Mistral
#10From the founder's list: > Cédric O: Former French Secretary of State for Digital Affairs That explains a lot actually, France is the epitome of crony capitalism, and having a former minister (from the current ruling party) is going to help a lot here…
You're right, but not because of politics.
Cédric O is part of the wave of businessmen who went into politics recently to follow Macron. He's however a typical French industry guy : went to one of a handful of elite highschools, then went to a business school that is part of the French equivalent of the Ivy league, then went to work for former state-owned entreprises and conglomerates, and major suppliers of the French government...
In short, even before he went into politics, he was well-introduced in every clique of the French political-industrial milieu.
And (un)surprisingly he's one of the more modern industry guys.