Good morning. My name is Didier Tranchier. I am an engineer, from the Polytechnic School. I went to Polytechnic School and then Télécom Paris, and I have started the first part of my career as a conventional engineer, a serious pupil, very interested in the new technologies. I have worked in research and development, in the implementation of technologies until 2000. In 2000, I was in the United States where, I witnessed a true revolution in place, which was the Internet bubble. At that time, my life changed completely, and I left the comfort and the security of large groups to go to entrepreneurship and the creation of companies. In 2000, I therefore created a first company in the technology field, company which has had its ups and downs, and which finally, the technology was taken over by a large group. But I did not stop there. I had a real passion for this ecosystem and the emergence of the new economy, and I gradually became Business Angel. So what is a Business Angel? It is a providential investor. A providential investor, it is just that, in this world of new economy, it is necessary to have at the time money, that is the concept of the investor, but also the concept of welfare, as it happens, in the field of the new economy, many things which means that we sometimes need to have support. Personally, in 10 years I have invested in 40 technological companies. Out of these 40 technological companies, two have been bought by two large groups. Five have come to a, let's say, difficult end, and stopped their activities, and 33 today are in the development phase, and I spend most of my time looking after these companies. As a whole, the two releases, helped me to get back the totality of my 40 investments, plus a little of capital gain, which means that I am better off financially. However in reality, money is certainly important, but the adventure just by being an investor is almost exactly what is the most important. What is a Business Angel? We have seen that, it is a providential investor. And in fact, it is noticeable that in most large companies, each has actually come across, often at the beginning, a providential investor, a Business Angel. Let's take Apple as an example. Apple, Steve Jobs and Steve Wozniak both starting up in a garage, and they had help from Mike Markkula who came to see them and who invested 250 000 dollars in Apple in 1977, just after its creation. Mike Markkula, thanks to both his management skills, and also his money, allowed Apple to start and develop its technology. And we know the success of Apple nowadays which is the first world development. Google has lived, in a way, the same story. Google, both Sergey Brin and Larry Page. And for them, is is almost more exceptional as they have enticed their first providential investor, their first Business Angel, even before the creation of their company. They convinced Andy Bechtolsheim who was one of the founders of Sun Microsystems to help them. And it is said that Andy Bechtolsheim wrote a 100 000 dollar cheque on the bonnet of his Porsche in the Silicon Valley. Naturally, Sergey Brin and Larry Page felt a little awkward as the company did not exist and they did not know quite what to do with this 100 000 dollar cheque. So finally, they created the company, they were able to pay the cheque in and open an bank account, and then the Google adventure was ready to go. Closer to home, Daniel Zumino, HEC, was himself on of the first Business Angels in France, he was one of the first investors at Vistaprint. Vistaprint started at first in France, and continue to develop in the United States, which today is a highly-rated company and one of the biggest world editors. And you probably know the Vistaprint business cards. Let's continue, everyone knows the Social Network and Facebook. And there, Facebook would not have existed without a providential investor or without several providential investors. We know about the Sean Parker's contribution, himself founder of Napster who changed, who offered to change the name of Facebook to The Facebook or simply Facebook. But he also brought his friend Peter Thiel, who paid the first 500 000 dollar cheque into Facebook for 10 % of the value-creation of Facebook. When we obviously look at the promotion of Facebook nowadays, we realise that the investment was more than profitable. But outside of the cost-effectiveness and the investment, which was the most influential, and it is from there, Facebook, thanks to this money were able to properly set up an industrial plan and invest in its development. Most recently, in 2009, Bono, the U2 singer, has himself, invested 90 millions dollars. Bono has always been interested in startups. He had already previously invested in several startups, but sometimes resulting in mixed success. Which means that he was known, at the time, as an investor, the worst investor in the United States. But obviously, with his 90 million dollars invested in Facebook, in reality, his comeback as an investor was such that not only he was not treated as the United States worst investor any longer, but also, he earned a lot more money simply with this investment in Facebook than in his whole career as a singer. Closer to home once more, the most active Business Angel in the world is French. He is Xavier Niel who, according to Business Insider is actually the world champion of the investment of startups. Xavier Niel has already invested in more than 300 startups. He has invested in companies such as Deezer, one of the world leaders in music, in Devialet, the makers of hybrid music amplifiers, very top of the range and which probably will be one of the revolutionary company in the music world, or also in American companies such as Square which is revolutionising methods in which to make payments. But Xavier Niel has also, other than creating his training schools for Internet jobs and for the Internet entrepreneurs, is going also to create the biggest world incubator which is going to regroup more than 1000 startups in the Halle Freyssinet. Therefore, we have in France, what we don't always know, among the world most active ecosystems, and in particular on the providential investors side.