Entrepreneurs
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Entrepreneurs

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  • Hello all, my name is George Tziralis and I&apos;m here to give you another perspective -actually a bottom-up view- on greek entrepreneurship. <br /> Our humble story starts almost two years ago,
  • About 20-25 people appeared. And, believe me, just getting to know the existence of one another, people starting or have already started up, was kind of an (exciting) discovery. <br /> We could share our problems, experiences and knowledge; collaborations and opportunity were lying ahead. <br /> We liked it pretty much, and decided to repeat it. Next time, in middle July, the number of people was doubled. Also, a blog occurred opencoffee.gr
  • after all, we do believe that we started out of nothing and came up a long way -community-wise at least-
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • we think that, by now, we all agree that "things have changed" <br /> and greek web start-ups do exist, are absolutely able to succeed, <br /> the interest on entrepreneurship is next to huge, and the latent potential is even bigger.
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • This is what a typical distribution of funding availability looks like,
  • and this is the case in Greece. <br /> You&#x2019;re right, there&#x2019;s absolutely *no* seed capital. <br /> Actually, a greek VC told me the other day that the term &#x201C;greek angel investor&#x201D; is more of an oxymoron, it simply does not exist. <br /> And, guess what, seed capital and proper advise by experts *on the field* is what you need most to start-up, especially a web business.
  • I also need to mention that, the whole endeavor is an (almost) zero budget one. <br /> We are not in the event business or care to be so, we are just a bunch of people passionate about technology start-ups and love to connect with people of similar interests.
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need <br /> enough brainpower, a strong community and ecosystem to take advantage of, <br /> enough and proper funding and proper advisory to guide you through the whole process.
  • Hello all, my name is George Tziralis and I&apos;m here to give you another perspective -actually a bottom-up view- on greek entrepreneurship. <br /> Our humble story starts almost two years ago,

Entrepreneurs Entrepreneurs Presentation Transcript

  • Putting the pieces together
  • 2 years ago
  • 40 events, in 6 cities
  • 130 speeches, 100s of participants 4
  • we came a long way y-w ise unit c omm
  • still, the ecosystem is broken
  • how can we get there?
  • to start-up, you need •brainpower •community •funding •advisory
  • brainpower •1.7% of greeks holding MSc or PhD •#1 in EU regarding people studying abroad •top in availability of scientists and engineers
  • to start-up, you need •brainpower •community •funding •advisory
  • to start-up, you need ✓ brainpower •community •funding •advisory
  • to start-up, you need ✓ brainpower •community •funding •advisory
  • start-ups @ OC •they exist •able to succeed •interest is huge •potential is even bigger
  • to start-up, you need ✓ brainpower •community •funding •advisory
  • to start-up, you need ✓ brainpower ✓ community •funding •advisory
  • to start-up, you need ✓ brainpower ✓ community •funding •advisory
  • venture capital •lots of traction lately •a number of new funds •significant capital available •yet, no liquidity. why?
  • funding, worldwide availability seed VC rounds public
  • funding, in greece availability seed VC rounds public
  • 0 high-tech, early stage investments in GR, 2007 (in €, EVCA)
  • venture capital •no angel / early stage •risk averse •lack of knowledge in the tech field •no relevant network
  • to start-up, you need ✓ brainpower ✓ community •funding •advisory
  • to start-up, you need ✓ brainpower ✓ community - funding •advisory
  • to start-up, you need ✓ brainpower ✓ community - funding •advisory
  • advisory •more vital than money •providing expertise, directions & contacts •you need the best, with a network of global reach
  • advisory •harder to find than VCs •locals, not well connected •intnls, not approachable •you are left in the dark
  • to start-up, you need ✓ brainpower ✓ community - funding •advisory
  • to start-up, you need ✓ brainpower ✓ community - funding - advisory
  • so? •the system is broken, start-ups are few •but solutions exist •we are here to put the pieces together
  • who are we
  • George Tziralis entrepreneur, open coffee, GR
  • George Kasselakis entrepreneur, open coffee, GR
  • Dimitris Athanasiadis entrepreneur, open coffee, GR
  • Spiros Xanthos entrepreneur, pattern insight, CA, US
  • Apostolos Apostolakis entrepreneur, e-shop, GR
  • Teresa Farmaki venture capitalist, piraeus bank, GR
  • Yannis Dosios VP marketing, smilebox, WA, US
  • advisors •an extensive list •on technology, management, sales, marketing, plus more • exceptional people from around the world
  • some of the advisors •Tassoco-founder, Aster Data - CTO & Argyros Systems, CA •Francesco Benincasa UK - Director, Ultimate Holdings, •Aristos Doxiadis - Managing Director, Notos Associate, Greece
  • some of the advisors •Andrew Hyde - Entrepreneur, Techstars •Panos Ipeirotis Stern - Associate Professor, School of Business NYU, NY •John Lovitt SVP Rational/ - Investor, former IBM, CA
  • some of the advisors •Ioannis Methodios - x-CEO, Accenture, Greece •GeorgeManager, Google, - Country Saliaris-Fasseas Greece •Christos Tsangos - CEO, Microsoft, Greece
  • what we do
  • goal •find the best and brightest teams •help them build globally aimed start-ups •make them succeed
  • looking for •stellar teams •globally innovative ideas, still at seed level •disruptive biz models •in and around software and the web
  • call for proposals •open to everyone (teams of 2-4) •online submission, •in person interview & •presentation day
  • “incubate” •pick up to 5 start-ups •extensively support in all things start-up •for a 4-month period •iterate
  • offer •hands-on mentoring, day-to-day, no interfering •networking, globally •20-30k€ for 20% of shares •smooth start & grow
  • all you need to •quit everything else •focus on your skills, team & idea •don’t waste time on unproductive activities •make it happen
  • commitment •by sharing the stakes •80%, entrepreneurs •12%, investors •8%, open fund
  • call for investors •open for everyone interested •minimum investment 30k€, “hassle-free” •providing equal shares to all start-ups of a round
  • re-invent the wheel? •no, model tested before •YCombinator, Seedcamp, Techstars... •it works! •& it’s what’s missing here
  • schedule •call opens in late June •closes in Sep 30 •review & selection in mid Nov •incubation starts Dec 1
  • www.theopenfund.com