Guides and resources to finance your startup: BSA Air, business angels, VCs and fundraising
BSPCE in 2026: definition, issuance conditions, exercise price, vesting, tax on the exercise gain and the sale gain, a worked example, and how they compare with BSA, AGA and stock options.
A cap table, or capitalization table, lists who owns what in your startup. Here are the columns, a worked example from incorporation to seed, the fully diluted view, a template and the main tools.
A shareholders' agreement sets the rules between cofounders, and later with the investors, of a French SAS. This guide covers its key clauses, its typical structure, what it costs and how long it lasts.
The nine steps of a fundraising round for a French startup, from sizing the round to investor reporting: deck, data room, term sheet, due diligence, shareholders' agreement, closing.
OpenVC in 2026: our review of the free investor database, Premium pricing, how reliable the profiles are, and a step-by-step method for finding investors.
Background, role at Kima Ventures, ticket size, decision criteria and follow-on: a profile of Jean de La Rochebrochard for founders preparing to pitch him.
Kima Ventures for startups, NJJ, Atlas and Vega for telecoms: Xavier Niel's investment funds, his 2026 deals, and the right door to knock on when you pitch.
How to write a cold email to a VC that gets a reply: subject line, structure, annotated templates, follow-up cadence, and when to choose cold outreach or a warm intro.
A complete investor update template: 6 sections, a written example you can copy, which KPIs to track for your business model, and how often to send updates at each stage.
How to calculate BSA Air dilution, what it does to your cap table, and 4 mistakes to avoid: a founder's guide with a worked example.
2026 market benchmarks, negotiation scripts, deal-breakers: how to negotiate the discount, cap and valuation of your BSA Air in France.
Expired valuation date, dissolution, liquidation: what happens to a BSA Air in 4 downside scenarios, and when to call a lawyer.
Decision tree, IR-PME tax relief, investor preferences: how to choose between a BSA Air and a SAFE for your French startup in 2026.
Deck structure, timing, the 10 trick questions French VCs ask, and follow-up: everything a founder needs to know to pitch in 2026.
Liquidation pref, anti-dilution, valuation: 2026 market terms and a deal-breakers vs. concessions matrix for negotiating your term sheet in France.
Kima, Daphni, Partech, Serena, Bpifrance: the 20 most active VC funds in France in 2026, ranked by stage and check size, with the best way into each one.
Ticket sizes, dilution, support, cap table: a decision tree for choosing between business angels, VCs, or a mix in France in 2026.
A winning pitch deck fits in 10 to 15 slides and leaves a single impression: an investment opportunity. The swanbase 14-slide structure, 10 pitch decks and frameworks broken down, free templates and 7 common mistakes.
What does VC mean? Venture capital explained for founders: LPs, GPs, management fees, carried interest, fund lifespan, and how each one shapes your fundraise.
The BSA Air (Bon de Souscription d'Actions, Accord d'Investissement Rapide) lets a startup raise money in a few days without setting a valuation. The investor wires the funds right away and receives warrants that convert into shares at the next round, at a 15 to 25% discount.
The 15 venture capital funds active in Paris, from pre-seed to Series A: ticket size, stage, sectors and the best way in for each one, which funds lead Series A rounds, and the process for landing a first meeting.
France Angels, online platforms, events, LinkedIn, club deals: every channel for finding a business angel in France in 2026, plus the named Top 10 from the 2025 Angelsquare-Challenges ranking.
How to invest in startups as an individual: business angel, investment club, crowdfunding or VC fund, evaluation criteria, exits and French tax rules (IR-PME, PEA-PME)
Learn how to use a BSA Air for effective bridge financing, with its advantages, negotiation strategies and key terms.
A review of SeedLegals France covering its features, 2026 pricing, the eight steps to issue a BSA Air, its Trustpilot rating and French alternatives, based on the platform's own documentation.
Project Europe is a new startup investment fund built for entrepreneurs under 25, with a €200,000 investment per company.
