Malik Goulamhoussen

‘Everything Is Not Going to Be OK’ in Private Equity, Apollo’s Co-President Scott Kleinman Says : Fewer realizations and lower returns are on the horizon : private equity industry must face up to the reality of lower valuations : SuperReturn conference in Berlin “I’m here to tell you everything is not going to be ok” Funds are now holding on to these companies and will eventually have to refinance at higher rates : means “fewer realizations and lower returns” are on the horizon in the industry : dealmaking is poised to accelerate this year as buyout and private credit funds face pressure to return money to their investors : Apollo is one of the world’s largest alternative asset managers, investing across credit, equity and real estate : ended last year with $651 billion of assets under management, is targeting $1 trillion by 2026 

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“𝘏𝘦𝘭𝘭𝘰 𝘔𝘢𝘹𝘪𝘮𝘦,   𝘐 𝘢𝘮 𝘢 𝘩𝘶𝘨𝘦 𝘧𝘢𝘯 𝘰𝘧 𝘺𝘰𝘶𝘳 𝘤𝘰𝘯𝘵𝘦𝘯𝘵 ! 𝘓𝘪𝘵𝘵𝘭𝘦 𝘲𝘶𝘦𝘴𝘵𝘪𝘰𝘯, 𝘸𝘰𝘶𝘭𝘥 𝘺𝘰𝘶 𝘩𝘢𝘷𝘦 𝘴𝘰𝘮𝘦 𝘴𝘵𝘳𝘰𝘯𝘨 𝘤𝘢𝘯𝘥𝘪𝘥𝘢𝘵𝘦𝘴 𝘵𝘰 𝘴𝘶𝘨𝘨𝘦𝘴𝘵 𝘧𝘰𝘳 𝘢 6𝘮 𝘪𝘯𝘵𝘦𝘳𝘯𝘴𝘩𝘪𝘱 𝘴𝘵𝘢𝘳𝘵𝘪𝘯𝘨 𝘪𝘯 𝘰𝘯𝘦 𝘮𝘰𝘯𝘵𝘩 ?” Nothing unusual at this stage as I receive these messages on a weekly basis Don’t know why but it is very common in France to have current interns looking for their successors in a very short timeframe. ⏱️ If your goal is to attract the best profiles, I can’t think of a worst strategy… 😁 Managers will then complain about the lack of skills and knowledge of their interns. “𝘕𝘰𝘵 𝘴𝘶𝘳𝘱𝘳𝘪𝘴𝘪𝘯𝘨 𝘸𝘦 𝘥𝘰 𝘯𝘰𝘵 𝘨𝘪𝘷𝘦 𝘵𝘩𝘦𝘮 𝘳𝘦𝘴𝘱𝘰𝘯𝘴𝘪𝘣𝘪𝘭𝘪𝘵𝘪𝘦𝘴… ” 🫣 𝗪𝗵𝗮𝘁’𝘀 𝗱𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝘁 𝘁𝗵𝗶𝘀 𝘁𝗶𝗺𝗲 ?  Not that I like working for free, I decided to write a little message inside our community discord and I received 3 feedbacks about the bad reputation of this team with respect to their behaviour towards their interns. 🚨 GENTLE REMINDERS 🚨 1. Be kind with your interns. 😇 2. If they are not as fast and as good as you are, it is normal. They are at the beginning of their learning journey. Your unethical behaviour won’t help anyone. 😒 3. If you expect an intern to be as fast and as good as you are after a couple of months, it is probably that you are not good enough. 🤷‍♂️ #DerivativesAcademy #Support #Reputation #Training #Career PS : If you want to attract the strongest profiles in Sales and Trading, I am here to help 😎

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A must read for every founder (and investor) in B2B marketplaces. ⤵️ All credits to Fabrice Grinda + FJ Labs 👏🏽 https://lnkd.in/eB7uGzyH #firstdegree #founders #investors #whyrelationshipsmatter
#alwaysbelearning #sharingknowledge

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The best global founders come to Silicon Valley. As a French investor, this wasn't easy to accept. But look at the data: France has: - World-class engineering schools - Brilliant developers - Strong government support - Growing tech scene Yet our best engineers often move to SF. Why? Silicon Valley offers: - 2-3x higher salaries - Concentrated venture capital - Stronger exit opportunities - Global-first mindset This is why YC works. They attract ambitious founders globally, then plug them into the Valley ecosystem. The result is a talent flywheel that keeps getting stronger. Sometimes the best opportunities aren't in your backyard.

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What are the 3 most important things when considering US expansion? The question was asked at a recent Frenchfounders breakfast by Geraldine Le Meur to David Gurle (Hive) and Jean-Louis Constanza (Wandercraft). Here are the top advices: 1️⃣ Dare to dream big: if you don’t aim high, you’ll stay small. And stick to that vision, because everything will take three times longer than you expect. 2️⃣ Understanding local dynamics requires being on the ground: The US isn’t a single market. Each region and customer segment is unique. What works in France may not apply there. 3️⃣ Launch fast, iterate faster: Don’t focus on building the perfect product. Instead, apply the American pragmatism and iterate quickly with short development cycles. At Newfund we consider US is a must for all startups who want to succeed, and we are committed to supporting our founders on this journey. Learn more at https://lnkd.in/ecyPCDxi #USexpansion #startups #growth

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Watching the Roland-Garros French Open over the weekend and saw this motto: Victory belongs to the most tenacious. The failure rate of startups is high. According to recent statistics, approximately 90% of startups fail, with around 10% to 20% achieving long-term success. Various sources attribute this high failure rate to multiple factors, including under capitalization, poor product-market fit, inadequate marketing strategies, and team issues. Different industries exhibit varying failure rates. The failure rate for technology startups is around 63% within the first five years , while the failure rate for e-commerce startups is about 80%. HealthTech startups also face a high failure rate of around 80%, largely due to challenges in determining value propositions and strategy. Despite the high risk, some startups do succeed, sometimes making up for the losses of the many failures, which is why investors continue to support them. As the early stage investment market stands currently, a founder should not expect an investment based on the relative merits of a company. In other words, you may be building a great company but there’s no guarantee of an investment. This predicament requires both defensive and offensive strategies to navigate. One that we are seeing increasingly is the move toward cash flow neutral/ cash flow positive operations.

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Mieux vaut prévenir que guérir - Prevention is better than cure in French: Our pre-US Presidential Election market outlook ("Anticipate" not react ~ our golden rule as markets are as old as the trees) 21 Oct 2024 4.15pm EST All our targets for US S&P 500 stock index has been hit - 5850 was our Sep 2024 target (5900 old technical PnF measured target for S&P 500 futures) as Oct 18, S&P closed at 5864 (index futures high 5927 on Oct 17) 22% gain Indeed, 2 year bull market has gained 52% (S&P 500) which is one of the best years on record & tech-Nasdaq index +87%. Pundits say the incumbent party would win based on strong stock market but it is not cause & effect AI/ChatGPT revolution since 2023 is like the 1999-2000 euphoria - led to Dot.com Crash as Nasdaq/tech stocks fell by 50-80%. Many stock analysts deny it but wise saying by Mark Twain often stand the test of time - History "does not repeat" itself but it often "rhymes" We have a 6244 S&P 500 target as markets tend to overshoot on up & downside, due to Fear & Greed. Odds are more likely in 2025, given 3 factors: US Presidential Election, Fed interest rate policy & dire geopolitical risks in Ukraine & Israel Trump vs Harris: a close call but Trump has a slight edge in the polls & bookies. There were 5 close calls in last 300 years of US elections with most recent being 2000 Al Gore vs George Bush (2016 Clinton vs Trump) More surprising is a rise in sentiment for Trump despite his poor TV debate: perhaps due to billionaires backing Trump as his tax cuts & hawkish tariffs to deal with domestic issues strike a chord with mid-high voters. His fundraising of $371mil is 1/3-1/2 Harris's $900mil to Sep 30 But Forbes report: 'The top 10 super PACs supporting Trump have raised approximately $329.4 mil since 2023 election cycle vs $256.6 mil supporting Harris.' Middle class feel the heat of entrenched inflation of food & energy prices besides 5% interest rates >1 year: taints Biden's good handling of Covid pandemic Fed policy & Geopolitics - correlated as 2022 Ukraine-Russia war caused inflation to spike. A wider war in Middle-East with Israel may see no rate cuts or even rate hikes Impact on the world, Europe/UK, China & Japan: likely more protectionist trade policies if Trump wins, a peace deal by Ukraine-Russia & smaller budget deficit initially + higher stock market/inflation due to lower corporate tax & deregulation. A Harris win: short-term rally but mid-term fall due to higher tax & rise in foreign policy risks China slow growth & debt restructuring may drag on world GDP Being defensive - take profit (potential 10-14% correction) Diversify to Gold/commodities & G7 FX/USD to hedge uncertainty as Gold & Silver rose 25% To thrive in economic growth or recessions - we challenge the status quo, anticipate various global scenarios - be adaptable Be like water 🌊 hedge with Global Multi-Assets Note - post is not to promote any services or trading but for education S&P closed 5853 on Oct 21

Let me tell you what Les Echos, one of the most important business journals in France, is NOT saying (yet!): 1/ We need EUR 800 billion in investments per year (5% of UE's budget) just to keep the pace with USA and Chin 2/ The amount is twice the Marshal plan, because the problems now are twice compared to after WW2, if you can imagine this 3/ The report highlights the urgent need for common coordination in all aspects, from energy to financing. This is totally against Germany's business model as a country. We'll see if Italy and France we'll succeed in pushing this plan. https://lnkd.in/dPAXE_fu

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🌟 𝗙𝗶𝗻𝘁𝗲𝗰𝗵 & 𝗕𝗹𝗼𝗰𝗸𝗰𝗵𝗮𝗶𝗻: 𝗧𝗵𝗲 𝗕𝗮𝗻𝗸𝗶𝗻𝗴 𝗥𝗲𝘃𝗼𝗹𝘂𝘁𝗶𝗼𝗻 𝗶𝘀 𝗛𝗲𝗿𝗲! 🏦 In a recent discussion on BFM Business, Alexis Le Portz, Partner at Truffle Capital, shared groundbreaking insights into how blockchain and fintech are reshaping the financial sector. Alexis emphasized that platforms like Wyden are pivotal in enabling this transformation. Watch the show: https://lnkd.in/dNCVKdiP 🔗 𝑩𝒍𝒐𝒄𝒌𝒄𝒉𝒂𝒊𝒏 𝒂𝒔 𝑰𝒏𝒇𝒓𝒂𝒔𝒕𝒓𝒖𝒄𝒕𝒖𝒓𝒆: Alexis highlighted that blockchain is not just a trend but the future foundation for exchanges—a "mega trend" set to transform finance for decades. 💹 𝑪𝒓𝒚𝒑𝒕𝒐 𝒊𝒏 𝑩𝒂𝒏𝒌𝒊𝒏𝒈: 85% of European and American banks now offer access to Bitcoin and crypto assets. By 2025, major French banks are expected to integrate them in their offerings as well. 💡 𝑻𝒐𝒌𝒆𝒏𝒊𝒛𝒂𝒕𝒊𝒐𝒏: 𝑻𝒉𝒆 𝑵𝒆𝒙𝒕 𝑭𝒓𝒐𝒏𝒕𝒊𝒆𝒓: Alexis underscored the pivotal role of tokenized assets in the future of banking. By converting asset rights into digital tokens on the blockchain, liquidity and accessibility are revolutionized, driving more efficient and secure financial transactions. 🏆 𝑾𝒉𝒚 𝑾𝒚𝒅𝒆𝒏? According to Alexis, platforms like Wyden are instrumental in this evolution. With institutional-grade solutions for digital asset trading, tokenization, and automation, Wyden empowers banks, brokers, and asset managers to adapt, innovate, and excel in this new financial era. 🙏 A 𝐛𝐢𝐠 thank you to Alexis Le Portz for putting the spotlight on Wyden during his appearance on BFM Business. Your recognition of our team's hard work and value we bring to the financial sector, means the world to us. Together, we’re building the future of finance! 👉 Let’s lead the way toward a future of finance built on innovation, security, and scalability. Andy Flury Stuart Petersen Kevin Sommer Mimoza Selmani Buncak Hayri Saykam Kelly Pettersen Leona Chen Felix Saible

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Malt has just released an analysis on the evolution of AI on the platform (skills, job titles, and job categories) from 2021 to 2024. With 800,000 freelance profiles and €800M worth of projects per year, there is plenty to say. For ex : 🧑‍⚖️ Demand for AI governance, safety, and ethics is up 366%, driven by new EU regulations. Thanks Thierry Breton 😉 Expertise in these areas has doubled but remains scarce. 🧑‍🏫 AI consulting and training demand has grown by 88%, outpacing supply (32%). ☁️ Cloud-related skills (Google Cloud, AWS, Microsoft Azure) are in high demand, with a 128% increase. 🤖 Chatbot demand has leveled off after a 2023 spike (+1.7%). Thanks Claire Lebarz and the whole team, super rich and interesting content. https://lnkd.in/efnAFxhg

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Twice faster ! Twice faster, our objective is to build our French market in less time than we built the Uk market. Challenging, isn’t it? Here are the reasons it did not happen ! They were not ready for it. 1. A major component of the French regulation was missing in their overall business strategy. The impact of the GDPR on the lead generation and how to deal with the leads who chose to opt out. 2. They did not expect a longer sales cycle than in their other markets. That something hard to apprehend when you don’t know anything about the culture. 3. Getting funding is more expensive on today’s financial market and you need to be extra cautious in where you invest and the returns It’s not about going faster, it’s about being ready and have the desire to adapt ——- I am Leslie, I help foreign companies to grow in the French or the Uk markets with adapted marketing strategies. #internationalexpansion #france #unitedkingdom

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Are French unicorns ready for their IPO? I'll say yes, and probably even a bit better than German startups! Let me tell you why. Most IPOs are driven by the CEO / CFO couple but there is a third important wheel to this constellation: the CMO! A big part of a successful IPO and then stock exchange valuation is communication. It's all about trust, baby! And trust is built through communication & thought leadership. French startups are often very strong in being transparent and proactive in their communications. So this is a solid basis to work on. Here are my learnings from working on KATEK GROUP's IPO: ‣ It's not all about the press: Yes, mandatory investor relations (IR) news have to be communicated through the press. By going further and also using your company's owned channels you show even more transparency to your stakeholders. Communicating on LinkedIn will enable dialog with your investors. ‣ IR does not need to be boring: Financial reports might not sound as sexy as the next big brand campaign, but it can be. Use videos to explain the numbers further, plan live Q&A sessions with the CEO. Be creative and stay true to your brand's values. ‣ It's about the people: The stock exchange market is a numbers and money world. By involving your C-level in the communication you will be able to build up a stronger trust in your company. In people we trust! Here think about news hijacking to position your C-level as the experts they are, do video interviews or quote statements. You can read more about KATEK's IPO and strategic communication here: https://lnkd.in/dFYscP3k #IPO #ListedInFrankfurt #FrenchTech #StartupCommunication

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⚽️ Today I learned from Nathan K. that Real Madrid and French national team player Aurélien Tchouaméni has created a new interview series called "The Bridge." It's clearly inspired by LeBron James' "The Shop," where LeBron and Maverick Carter host debates and frank group discussions with celebrities while sitting in barbershop chairs. That series started on HBO in 2018 and now continues on YouTube. "The Bridge" is essentially Tchouaméni's own interview show, a group discussion with leading public figures. Episode 1 came out four months ago and features a one and a half hour group discussion on life with Thierry Henry, Francis Ngannou, Khatia Buniatishvili & Steven Bartlett. The show is produced by Excellence Sports Nation (ESN), who represent Tchouaméni and other athletes. I can't tell whether this is meant to be just content marketing for the agency but there's huge potential to turn this show into IP the same way that "The Shop" has grown and commercialized. Seeing Tchouaméni take on an ambitious media content project is fantastic. As a professional athlete, you're in constant need of diversifying your career and Tchouaméni doesn't have the luxury of endless brand deal offers like a Ronaldo or Messi. This unique content helps Tchouaméni build his own personal brand and a lot of positive comments on the first video indicate that he's winning over new fans, myself included! Tchouaméni is a fantastic player but you wouldn't really categorize him as one of the best or most famous athletes in the world. What I've seen from this show is that Tchouaméni has more humour, charisma, and boldness than many other players more famous than him. If Tchouaméni and ESN want to take this further, they could build and commercialize "The Bridge" into a real big content format. This content would be attractive for brands looking to connect with football fans, young audiences, and diaspora groups around the world. This kind of long form strategic content is a much more powerful way for influencers and athletes to connect with audiences rather than one-off endorsements or blithely putting their names on products. Tchouaméni isn't just being paid to read off lines but he's essentially a co-creator and co-producer that guides the content with his own personal touch. This content opportunity exists for all types of athletes and influencers who have deep connections to culture. I expect to see many many more examples of talent building their own strategic long form content that authentically captures the attention of young audiences. #media #content #entertainment #sports #interviews #football #soccer #marketing https://lnkd.in/e6pUH2wR

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📜 The decree has just been published in the Official Journal. This binding measure raises legitimate concerns. However, private equity remains an essential and historically profitable asset class. We've already integrated it into our managed portfolios several months ago. 💼 #PrivateEquity #Investment #Finance #AssetManagement #PortfolioManagement #ProfitableInvestments #FinancialNews #InvestmentStrategy #OfficialDecree #WealthManagement https://lnkd.in/d-_SY4qx

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🚀 Is Your Brand Ready to Play on Roblox? 🚀 Join me this Tuesday at 6 PM for an exclusive LinkedIn Live session : « In the Trenches of Roblox : strategies, mistakes and best practices » 🎮🌐 With Olivier Moingeon from Exclusible and Guillaume Fischer from Doors3 we will dive deep into the new social media platform that attracts the new generations. 👉 Why should you care? With over 79.5M daily active users, Roblox is a hotbed for brands aiming to engage the next generation. But, like any new frontier, it comes with unique challenges. In this live session, we’ll dive into key stats and practical insights to help brands: - Create immersive experiences that resonate and engage - Avoid common pitfalls that limit impact - Measure ROI in a fast-growing virtual space 💡 Brands like Nike, Gucci, Vans, Lacoste, Walmart, NASCAR, Alo Yoga and many more  are already pioneering experiences on Roblox, creating spaces where fans can interact, play, and build a deeper connection. Is your brand ready to join them? 📅 Reserve your spot and join us for 1 hour of expert insights on how Roblox is shaping the future of brand engagement with concrete tips, common mistakes to avoid, live demo and key figures to help you navigate and taking part on the (r)evolution. ➡️ Sign up here (https://lnkd.in/dikszpcm) – don’t miss out on this chance to learn how your brand can level up on Roblox! #LinkedInLive #Roblox #BrandStrategy #DigitalMarketing Michaël S. Thibault Launay Karina Cha Brandon Volas Julien Furlanetto Guillaume Moret-Bailly Adrien P. Arthur Pesquié Romane Colliot Ulysse Chailley

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