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It isn’t new for Macron to set unicorn-related goals for the country. He famously already did so in 2019, when he wished for the country to count “25 unicorns by 2025.” And despite some debate around France’s exact unicorn tally, the consensus is that Macron’s goal has actually been reached this year.
However, the market has turned on startups in recent months, which doesn’t exactly support overly ambitious goals. France minted a bunch of unicorns in January of this year, but those deals were presumably born out of late 2021 dealmaking, when capital flowed more freely. That euphoria is long gone, and young unicorns are becoming a rare animal once again.
https://techcrunch.com/2022/06/25/25-french-unicorns-25-french-unicorns-do-i-hear-100/
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