Benjamin Netter

France is hardcore mode for founders: • Pay an employee $5K net → costs you $13K • Make profit → 30% corporate tax • Succeed → public calls you an exploiter • Get famous → kidnapping becomes a real threat No other country stacks the difficulty this high.

YC is coming Paris, excited to be speaking there with @oliveur @lxbrun @kiwicopple @benjaminnetter @EliotAndres @collinmathilde

@johanbocquet @brivael @garrytan C’est YC, le YC français. 16 boîtes cette saison sont françaises. On est 320 français, anciens de YC.

@brivael @garrytan Bientôt le "YC" Français ?

Un truc qui m'a marqué en arrivant à YC. Premier meeting, @garrytan nous dit : "dans cette pièce, 10% d'entre vous vont potentiellement devenir milliardaires. Faites-vous des potes avec tout le monde. Parce que même si votre boîte ne marche pas, vous allez pouvoir vous entraider toute votre vie." Et c'est exactement ce qui se passe. Il y a une bienveillance vraiment rafraîchissante dans cet écosystème. Personne ne te regarde de travers parce que tu vises trop haut. Au contraire, plus tu vises haut, plus les gens veulent t'aider. C'est ça qui manque cruellement à la France. Le soutien à l'extrême ambition. Tant que dire "je veux devenir milliardaire" sera un problème social en France, on n'avancera pas. Tant qu'on n'aura pas de bienveillance écosystémique sur ces sujets là, on stagnera. Le blocage français n'est plus technique, ni même réglementaire au premier ordre. Il est culturel. C'est un blocage sur la création de valeur elle-même. On a intériorisé l'idée que la richesse est suspecte, que l'ambition est vulgaire, que viser grand c'est trahir une forme d'humilité républicaine. Pendant ce temps, on rentre dans une décennie d'abondance extrême. L'IA, l'énergie, la robotique, la biotech. Les ordres de grandeur de création de valeur vont être historiques. Et la question n'est pas de savoir si ça va arriver, c'est de savoir qui va capter cette valeur. Si on continue à punir socialement ceux qui essayent, on regardera les autres le faire. Encore. On a un vrai travail collectif à faire en tant que français. Réapprendre à célébrer ceux qui construisent. Arrêter de confondre ambition et arrogance. Comprendre qu'un écosystème où les gens s'entraident à viser haut produit plus de réussites pour tout le monde, pas moins. La bienveillance envers l'ambition n'est pas naïve. C'est stratégique.

@nicbstme oh wow

Job interview: "Any management experience?" Me:

@tiboel @qnickmans @saastr @jasonlk @aircall @FrontHQ aircall n’a pas fait yc

12 years ago, @qnickmans and I landed in San Francisco for the first time. Spring 2014. Our first @saastr BBQ with @jasonlk . The day before, two startups we'd just launched at Hexa had been accepted to Y Combinator: @aircall and @FrontHQ . --- The world has changed a little since. We now throw AI BBQs ourselves — at the Hexa House. Two months in, the energy is incredible. --- Half of @joinhexa 's core team has already come through. Founders from our current cohorts. Builders from the broader ecosystem. Slowly, the Hexa House has become a natural stop for entrepreneurs — an extension of our Paris office, but in San Francisco. --- So we made it official. A 3-month stay at the Hexa House is now part of the Hexa Start program. We have a real foothold in SF now. And this is just the beginning. If you want to build with us — come join. 🌉

@Cobra_FX_ ok mais on a une tonne de touristes à gérer aussi

À Paris, un des plus grands délires c’est les effectifs : 40 % d’agents municipaux par habitant en plus qu’à Lyon ou Marseille. 2 fois plus d’agents de nettoyage. C'est simple, la ville emploie autant de personnes qu'Airbus France.

@elkelk It's called leading by example.

Zero chance on earth that writing code is a good use of time for the CEO of a $150b company

It’s true. In fact, I was under the impression that Spotify’s best developers hadn’t written a line of code since 2014.

Davos : La cyber au cœur des préoccupations "La cybersécurité ouvre un marché phénoménal, les menaces ne sont pas près de s'arrêter et vont empirer avec l'IA. On se prépare à un nouveau type d'attaques plus sophistiquées et plus ciblées" 💬 @bnetter 🎙️ @LaureClosier

I am genuinely scared when I come across the “Industry” field. It seems that the answers were created a century ago and have never been revisited.

@rogerdickey @TheCinesthetic Étienne Sekola ✌️

@TheCinesthetic the real story is her fabulous hair stylist

@Velib cette station est complètement à l’abandon non ?

@raphaelschaad it has a name already. en.wikipedia.org/wiki/Termcap

This is the most exciting trend in design. TUIs and GUIs are converging. While TUIs are getting more two-dimensional by the week, I suspect we'll see a trend of GUIs that are rendered (and work) more like modern-day TUIs. Can call that future style, "Tuimorphic."

@gabriel_zucman t’es en boucle vraiment

Bernard Arnault paye proportionnellement moins d’impôt sur le revenu qu’un salarié au SMIC : Sur les 3,2 milliards de dividendes LVMH qu’il a encaissés en 2023, il s’est acquitté de moins de 2 % d’impôt Combien de temps allons nous encore accepter cette aberration ? 🧵

@SylvainMaillard @ComiteVendome @ArielWeilT @aurelien_veron @FigueroaParisC c’est second degré ?

🎉Heureux d’inaugurer les Illuminations de la Place Vendôme à l’initiative des commerçants du Comité Vendôme. Le 1er arrondissement de Paris s’illumine pour les fêtes de Noël. Magnifique !🚀 #Paris1 #ParisCentre

« Mais calmez-vous madame la députée » 👉Le silence, souvent présenté par la bourgeoisie comme une vertu de sagesse, d’humilité ou de respect, cache en réalité un outil de contrôle social. 👉En valorisant le calme et la discrétion, les classes dominantes imposent une norme sonore qui musèle les voix populaires et évite les débats publics. 👉Ce n’est pas une question de politesse : c’est une question de pouvoir symbolique. Le « silence » des dominants n’est pas la neutralité, c’est la discipline imposée aux dominés. On ne se taira pas.

@daltonc @paultoo @berg @Standard_Cap Congrats Dalton!!

Paul, Bryan and I are proud to announce the close of Standard Capital's $425M Fund I. Standard Capital is Series A for the best founders. Applications for our inaugural funding cycle are open now.

💬 "Je préconise de s'assurer que les retraites n'augmentent jamais plus que le revenu moyen des actifs" 🎙️Antonin Bergeaud, prix du meilleur jeune économiste 2025, professeur associé à HEC

I just got scammed for $1.25 million. I feel ashamed and stupid. This story starts with me getting a phone call from @MrBeast and @MarkRober . They ask me to donate money @teamwater. To build wells in Africa and help people get clean water. I'm surprised by their call. We've met before but haven't spoken in years. I take a few days to think. I focus on learning more about the water crisis in the world. I decide to donate $1 million. MrBeast gets excited about this and tweets to the world about the donation. I'm proud and excited to be a part of this amazing campaign! About a week later I get a message from Team Water on WhatsApp on my personal phone number. They are excited about the donation. They invite me on a trip with the top donors to Africa. To see the wells being built and then stay for a few days for a wildlife safari. To go to Africa and see wells like this being built is long time a dream of mine. I'm excited to go! I immediately say yes. Then they add me to a WhatsApp-group with some of the other top donors. Jimmy (MrBeast that is) is in group, so is Mark Rober and then some well known billionaires like @StakeEddie and @tobi and streamer super stars like @adinross . I can't believe I'm in this group. I feel like a 13 year old boy wanting to fit in. They are all chatting and have a good banter going on. I find myself writing a message... then deleting what I wrote because it didn't feel cool enough. I write it again... then delete it. I can't believe I will be travelling with these people to Africa! Jimmy tells the group about another charity project he wants to start. Everyone is eager to help out more. This conversation goes on for about a week. It's Friday. I'm heading away for a weekend trip with a bunch of my friends. I've been looking forward to this for months. We have a packed schedule and I'm very excited. On Saturday, Jimmy writes in the chat and tells us about this other opportunity. He has just signed a deal with @coinbase, one of the largest crypto exchanges that will launch their own crypto coin. As a part of a marketing collaboration Jimmy has gotten the chance to buy in early on this coin. As a thank you he wants to extend this offer to anyone who donated over $1 million. Everything is secretive and it's important to act fast. This is where I should have stopped. When someone needs you to act fast - it's often to get you to do something without thinking. But I didn't... Everyone in the chat gets excited about this. I know some of them are real crypto experts and they jump on this opportunity. I don't know much about crypto. But the 13 year old boy in me wants to belong. If they are excited. I want to be excited. I also don't want to be the only one on this trip to Africa that didn't join in on the investment. I find myself calling a crypto friend telling him about this. And he says that if Coinbase is launching a coin, and we can get early access to it, it's a sure win! I get even more excited! I'm also very distracted. I don't want to be in my head right now. I want to join my friends for this workshop they are doing. I'm finally at this event, I want to get the most of it. I go to the workshop but I'm all in my head. I keep thinking about this investment and it frustrates me. I don't want to make business decisions now but I also don't want to miss out. The workshop ends and I call my friend again. We are both excited and we don't want to miss out. We say fuck it, lets go! Within a few hours we have sent $500 000 in crypto to the wallet we were given. The chat is going strong and people are even more excited. @StakeEddie wants in, but he is too slow. When he asks if it can get solved after the deadline, he is told that it's unfortunately too late. I read it and I can't believe a guy like that gets rejected. The next day Jimmy writes again and says that there is a new chance to invest. However the price has now gone up, from $0.15 per coin to $0.30. The maximum investment in this round is $750 000. I call my friend again. I tell him about the billionaire that got rejected and how everyone else is buying in again. I'm still att the event. I'm still super distracted by other things - and we end up falling for it again, sending another $750 000. It's now Monday. The retreat has ended and I'm heading home. I still have a good feeling about all of this and I'm excited. I'm also exhausted after the weekend. Lots of experiences to process and far too little sleep. On Tuesday, Jimmy writes one more time in the chat. Saying that this is the final chance to get it. The price is now $0.45 and everything up until now has been taken. Once again I call my friend and we say let's go. We are about to send the money. But this time something makes me stop for a second. Something in my belly says to look closer at the details. For the first time in these 72 hours I actually stop to properly think. And I see some details that are off. I know one of the @adinross is American, but his phone number is British, why is that? For the first time since this chat started, I call Jimmy just to confirm everything. And he says "What are you talking about?" And that's a punch to my stomach. I say "Please say that you are fucking kidding me?!" and I send him a print screen of the chat. He looks at is and says: "Wow, I don't know what to say... please tell me you didn't send them any money..." And I reply "1.25 million..." The realisation sinks in. Oh fuck... The first phone call from a few weeks ago was Jimmy. The real Jimmy. The fundraiser for clean water was Jimmy. The real Jimmy. But the person reaching out from his team, wasn't from his team. It was a scammer. The Jimmy in the chat, wasn't Jimmy. It was a scammer. It was all very skilfully orchestrated. All the people in the chat were fake. All the banter was fake. The trip to Africa was fake. I feel the shame inside of me. The regret. The sadness. The anger. I've been fooled. I so deeply wanted to belong in this group that I acted way out of character. I trusted "Jimmy" and I followed the peer pressure of the "billionaires" and "super stars". I broke so many of my own principles of how to make decisions. But at least there is a silver lining... I've been scammed before. The first time, I was scammed for about $3000 when I was 20. A fortune to me back then. That time I felt so ashamed that I didn't tell anyone about it for many years. The shame kept haunting me. This time, the first thing I did was to tell my wife. Later I wrote to tell my parents and my brother. Then a group chat with many of my closest friends. I've gotten so much support. My brother wrote me a message that moved me to tears. I've read it over and over. (I'm adding it below if you want to read it) I've also cried. I've screamed. I've punched. Then done it all over again. I'm sharing this story partly to integrate it more. Change the emotional experience from shame and anger - to - something else. I'm not sure yet what that is. But pretty much every feeling is better than shame. I already feel a lot less shame... - The next time you fuck up. Think of this story. Remember that we all fuck up sometimes. - The next time you feel shame. Think of this story. Remember that shame can only live in the shadows. Tell people about your shame, and I promise that the feeling will change. - On a final note. Even after this has happened. I'm still very proud to be a part of Team Water. I still believe Jimmy and Mark are amazing! I struggle to find words to describe the positive impact they have on the world. Thanks you for reading <3