Taking on the Godzilla of video-sharing sites

International Herald Tribune: "The company was incubated in the French equivalent of a Silicon Valley garage, a Parisian apartment, with six partners pooling together €6,000, or $9,260. They opened for business in the living room of one of the founders, Olivier Poitrey, who says that their experience belies the stereotype that French red tape stifles start-ups and innovation.

'Over the last few years the government made some changes.' Poitrey said, 'Administrative tasks are easier now. There's a central place where you can go to do all the paperwork to start a company. It used to be far more complex and you had to go to a lot of places and you needed a lot more capital at the beginning. Now you can make a start with €1 and before it was €10,000.'"