HSA 5th Meeting - Eric Parks


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Eric Parks describes the journey of Gipht.me at the Hellenic Startup Association's 5th meeting

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HSA 5th Meeting - Eric Parks

  1. 1. The gipht.me startup story
  2. 2. Space: The Final Frontier
  3. 3. 1. Learning to FlyBack home in Greece
  4. 4. Learning to fly
  5. 5. The 6 of us –complementing skills
  6. 6. Day Job- The trouble with tribbles
  7. 7. Not working- Snowed Under
  8. 8. The situation in Greece with Money
  9. 9. Money was doing 3 things• 1. Leaving the Country• 2. Investing in Real Estate• 3. Buying out dead or duying competitors
  10. 10. We needed unusual money for a seed round. $700K
  11. 11. Roulette Advice
  12. 12. So, Go West Young man, go West!
  13. 13. 2. Making RocketsGetting ready to boldly go…
  14. 14. Making rockets
  15. 15. The Business Plan Yes, we know it’s all in your head and your product is perfect. Yes, it’s obvious that it will make loads of money You Really, Really, Really REALLY Need to write the Business Plan. If you can’t explain your business to yourself then how do you expect others to give you money?
  16. 16. The Presentation Make it beautiful Really beautiful. Polish and then polish some more. Most startups Don’t do this So this is immediately your difference.
  17. 17. Make a prototype Functional is better Test market validation is even better But if all else fails, have something to show.
  18. 18. 3. Sending Laika into space George goes barking into the wild unknown. Sort of.
  19. 19. 13/2/2011 George goes to the Valley
  20. 20. Staying with Gurbrit -Random Sikh Guy George went to the Valley, rented a house staying with Gurbrit. Went to tons of Valley meetings.
  21. 21. Rented an office at Plug n’ Play Started seeing people and going at events. Our presentation helped us
  22. 22. The Ukrainian Connection Once you’re there. Opportunities start coming. Even odd ones. The strangest email Eric ever had to write.
  23. 23. Trajectories Normally, Off the Boat your first goal is to see the Angel community especially for seed area funding- Up to $250K However, we were in an unusual position. Se we got to see VC’s from the outset. Easter 2011, Eric joins George in the Valley
  24. 24. 4. The Splatter Story Be afraid, be very afraid
  25. 25. First meeting we meet this guy
  26. 26. Blood was over the room• Interrupted the presentation early• “How did you get this meeting. Some sort of Greek Mafia connection?”
  27. 27. Unprofessional BUT, He did have some points. So take any feedback you can.
  28. 28. 5. SatellitesMoving around in amazing orbit
  29. 29. Getting to see the big boys
  30. 30. The smaller the boardroom The Bigger the Firm. Simple as that. Also, They Know their stuff You are WHO?
  31. 31. 9 months before
  32. 32. One big issue Be in the USA. It really helps
  33. 33. 6. The International Space StationSorry to wake you up. Miscalculated the time zone.
  34. 34. i-Free
  35. 35. Cherubic
  36. 36. And someone else
  37. 37. Smart Money• All money is not created equal• Your partners should bring more than money to the table.
  38. 38. 7. Launching10. 9.
  39. 39. Launching in a few days
  40. 40. But it’s just another step on a long journey
  41. 41. Wish us luck.
  42. 42. In conclusion
  43. 43. Really boils down to this• Get friends to complement you skills• Try and devote yourself to the project• Make the Business Plan, the presentation, the prototype.• Get out there and show it• Believe it when things are down.And remember…
  44. 44. Live long and prosper
  45. 45. Thank You!