{"id":7980,"date":"2012-09-29T19:09:08","date_gmt":"2012-09-29T17:09:08","guid":{"rendered":"http:\/\/www.ziserman.com\/blog\/?p=7980"},"modified":"2012-09-29T19:41:50","modified_gmt":"2012-09-29T17:41:50","slug":"jy-crois-pas-la-fin-du-capital-risque-en-france","status":"publish","type":"post","link":"https:\/\/www.ziserman.com\/blog\/2012\/09\/29\/jy-crois-pas-la-fin-du-capital-risque-en-france\/","title":{"rendered":"J&rsquo;y crois pas : la fin du capital risque en France ?"},"content":{"rendered":"<p>D&rsquo;apr\u00e8s ce que je lis, la nouvelle loi de finance 2013\u00a0pr\u00e9voirait d&rsquo;aligner l&rsquo;imposition des revenus du capital avec ceux du travail.<\/p>\n<p>Autant je comprends, et je dois avouer que je suis assez d&rsquo;accord m\u00eame, pour taxer ceux qui \u00ab\u00a0boursicotent\u00a0\u00bb : qui ach\u00e8tent et qui vendent dans la journ\u00e9e.<\/p>\n<p>Ils ne cr\u00e9ent pas de valeur, ils cherchent juste \u00e0 faire de l&rsquo;argent, sans investissement, et sans r\u00e9el cr\u00e9ation de valeur.<\/p>\n<p>Autant je suis convaincu que <strong>l&rsquo;entrepreneuriat est un moteur fondamental pour la sant\u00e9, la croissance de notre pays<\/strong>.<\/p>\n<p>Et <strong>dans notre monde num\u00e9rique, bien souvent, pour cr\u00e9er une boite, il faut faire appel au capital risque<\/strong>.<\/p>\n<p>Le capital risque, \u00e7a consiste \u00e0 acheter des parts du capital d&rsquo;entreprises innovantes, ayant un fort potentiel, en esp\u00e9rant revendre ce capital quelques ann\u00e9es plus tard, avec si possible une belle plus value.<\/p>\n<p>L&rsquo;objectif des capitaux risqueurs, en simplifiant, c&rsquo;est : sur 10 boites, 7 se plantent, 2 ont un rendement moyen, et une est une p\u00e9pite, avec un fort rendement donc.<\/p>\n<p>Faites le calcul :\u00a0<strong>pour que cette activit\u00e9 soit rentable, les quelques boites qui r\u00e9ussissent doivent permettre de belles plus-values<\/strong>.<\/p>\n<p>Si cette plus value a une taxation doubl\u00e9e, par rapport \u00e0 ce qui se pratique aujourd&rsquo;hui, <strong>cela va compl\u00e8tement plomber le capital risque en France<\/strong>&#8230; Les capitaux risqueurs iront mettre leur argent ailleurs, tout simplement.<\/p>\n<p><strong>Pour la France, ce sont donc des centaines, peut \u00eatre des milliers de boites qui ne seront plus financ\u00e9es<\/strong> !<\/p>\n<p>D\u00e9j\u00e0 qu&rsquo;on avait du mal \u00e0 avoir un Facebook ou un Google en France, mais apr\u00e8s \u00e7a, on aura du mal \u00e0 avoir d&rsquo;autres Business Object, Ilog, &#8230; !<\/p>\n<p>J&rsquo;esp\u00e8re qu&rsquo;il n&rsquo;est pas trop tard pour ajuster tout \u00e7a et permettre \u00e0 ce secteur de se d\u00e9velopper, en cr\u00e9ant des emplois et en pr\u00e9parant l&rsquo;avenir !<\/p>\n<p><a href=\"http:\/\/www.latribune.fr\/opinions\/tribunes\/20120927trib000721685\/une-loi-de-finances-anti-start-up.html\" target=\"_blank\">Voir l&rsquo;article de Chamboredon qui a inspir\u00e9 ce billet inhabituel<\/a> !<\/p>\n<p>Dites moi que j&rsquo;ai tort, que j&rsquo;ai mal compris !<\/p>\n","protected":false},"excerpt":{"rendered":"<p>D&rsquo;apr\u00e8s ce que je lis, la nouvelle loi de finance 2013\u00a0pr\u00e9voirait d&rsquo;aligner l&rsquo;imposition des revenus du capital avec ceux du travail. Autant je comprends, et je dois avouer que je suis assez d&rsquo;accord m\u00eame, pour taxer ceux qui \u00ab\u00a0boursicotent\u00a0\u00bb : qui ach\u00e8tent et qui vendent dans la journ\u00e9e. Ils ne cr\u00e9ent pas de valeur, ils [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[2],"tags":[374,80],"class_list":["post-7980","post","type-post","status-publish","format-standard","hentry","category-e-commerce","tag-entrepreneuriat","tag-startup"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>J&#039;y crois pas : la fin du capital risque en France ? - Ziserman.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ziserman.com\/blog\/2012\/09\/29\/jy-crois-pas-la-fin-du-capital-risque-en-france\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"J&#039;y crois pas : la fin du capital risque en France ? - Ziserman.com\" \/>\n<meta property=\"og:description\" content=\"D&rsquo;apr\u00e8s ce que je lis, la nouvelle loi de finance 2013\u00a0pr\u00e9voirait d&rsquo;aligner l&rsquo;imposition des revenus du capital avec ceux du travail. Autant je comprends, et je dois avouer que je suis assez d&rsquo;accord m\u00eame, pour taxer ceux qui \u00ab\u00a0boursicotent\u00a0\u00bb : qui ach\u00e8tent et qui vendent dans la journ\u00e9e. 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