Wrong. eg. If company fails, employees get several month salaries from the State (ok) but founder (ownership >50%) while he paid social charges will receive 0. You'd have to get your own (expensive) private insurance if the biz does not work out to get something back.

This sounds more like how it would be (and how it is in the Netherlands).

Ah, I stand corrected. So as a founder in France you can receive money from the government when you're sick or if your business tanks? (Most start ups do). Didn't know that. In most other European country's you need to arrange your own thing (via an insurance).