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Entrepreneurs

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  • Hello all, my name is George Tziralis and I'm here to give you another perspective -actually a bottom-up view- on greek entrepreneurship.
    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.
    We could share our problems, experiences and knowledge; collaborations and opportunity were lying ahead.
    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
    enough brainpower, a strong community and ecosystem to take advantage of,
    enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need
    enough brainpower, a strong community and ecosystem to take advantage of,
    enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need
    enough brainpower, a strong community and ecosystem to take advantage of,
    enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need
    enough brainpower, a strong community and ecosystem to take advantage of,
    enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need
    enough brainpower, a strong community and ecosystem to take advantage of,
    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"
    and greek web start-ups do exist, are absolutely able to succeed,
    the interest on entrepreneurship is next to huge, and the latent potential is even bigger.
  • to create a web start-up, essentially you need
    enough brainpower, a strong community and ecosystem to take advantage of,
    enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need
    enough brainpower, a strong community and ecosystem to take advantage of,
    enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need
    enough brainpower, a strong community and ecosystem to take advantage of,
    enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need
    enough brainpower, a strong community and ecosystem to take advantage of,
    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.
    You’re right, there’s absolutely *no* seed capital.
    Actually, a greek VC told me the other day that the term “greek angel investor” is more of an oxymoron, it simply does not exist.
    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.
    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
    enough brainpower, a strong community and ecosystem to take advantage of,
    enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need
    enough brainpower, a strong community and ecosystem to take advantage of,
    enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need
    enough brainpower, a strong community and ecosystem to take advantage of,
    enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need
    enough brainpower, a strong community and ecosystem to take advantage of,
    enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need
    enough brainpower, a strong community and ecosystem to take advantage of,
    enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need
    enough brainpower, a strong community and ecosystem to take advantage of,
    enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need
    enough brainpower, a strong community and ecosystem to take advantage of,
    enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need
    enough brainpower, a strong community and ecosystem to take advantage of,
    enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need
    enough brainpower, a strong community and ecosystem to take advantage of,
    enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need
    enough brainpower, a strong community and ecosystem to take advantage of,
    enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need
    enough brainpower, a strong community and ecosystem to take advantage of,
    enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need
    enough brainpower, a strong community and ecosystem to take advantage of,
    enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need
    enough brainpower, a strong community and ecosystem to take advantage of,
    enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need
    enough brainpower, a strong community and ecosystem to take advantage of,
    enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need
    enough brainpower, a strong community and ecosystem to take advantage of,
    enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need
    enough brainpower, a strong community and ecosystem to take advantage of,
    enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need
    enough brainpower, a strong community and ecosystem to take advantage of,
    enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need
    enough brainpower, a strong community and ecosystem to take advantage of,
    enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need
    enough brainpower, a strong community and ecosystem to take advantage of,
    enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need
    enough brainpower, a strong community and ecosystem to take advantage of,
    enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need
    enough brainpower, a strong community and ecosystem to take advantage of,
    enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need
    enough brainpower, a strong community and ecosystem to take advantage of,
    enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need
    enough brainpower, a strong community and ecosystem to take advantage of,
    enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need
    enough brainpower, a strong community and ecosystem to take advantage of,
    enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need
    enough brainpower, a strong community and ecosystem to take advantage of,
    enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need
    enough brainpower, a strong community and ecosystem to take advantage of,
    enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need
    enough brainpower, a strong community and ecosystem to take advantage of,
    enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need
    enough brainpower, a strong community and ecosystem to take advantage of,
    enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need
    enough brainpower, a strong community and ecosystem to take advantage of,
    enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need
    enough brainpower, a strong community and ecosystem to take advantage of,
    enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need
    enough brainpower, a strong community and ecosystem to take advantage of,
    enough and proper funding and proper advisory to guide you through the whole process.
  • to create a web start-up, essentially you need
    enough brainpower, a strong community and ecosystem to take advantage of,
    enough and proper funding and proper advisory to guide you through the whole process.
  • Hello all, my name is George Tziralis and I'm here to give you another perspective -actually a bottom-up view- on greek entrepreneurship.
    Our humble story starts almost two years ago,
  • Transcript

    • 1. Putting the pieces together
    • 2. 2 years ago
    • 3. 40 events, in 6 cities
    • 4. 130 speeches, 100s of participants 4
    • 5. we came a long way y-w ise unit c omm
    • 6. still, the ecosystem is broken
    • 7. how can we get there?
    • 8. to start-up, you need •brainpower •community •funding •advisory
    • 9. brainpower •1.7% of greeks holding MSc or PhD •#1 in EU regarding people studying abroad •top in availability of scientists and engineers
    • 10. to start-up, you need •brainpower •community •funding •advisory
    • 11. to start-up, you need ✓ brainpower •community •funding •advisory
    • 12. to start-up, you need ✓ brainpower •community •funding •advisory
    • 13. start-ups @ OC •they exist •able to succeed •interest is huge •potential is even bigger
    • 14. to start-up, you need ✓ brainpower •community •funding •advisory
    • 15. to start-up, you need ✓ brainpower ✓ community •funding •advisory
    • 16. to start-up, you need ✓ brainpower ✓ community •funding •advisory
    • 17. venture capital •lots of traction lately •a number of new funds •significant capital available •yet, no liquidity. why?
    • 18. funding, worldwide availability seed VC rounds public
    • 19. funding, in greece availability seed VC rounds public
    • 20. 0 high-tech, early stage investments in GR, 2007 (in €, EVCA)
    • 21. venture capital •no angel / early stage •risk averse •lack of knowledge in the tech field •no relevant network
    • 22. to start-up, you need ✓ brainpower ✓ community •funding •advisory
    • 23. to start-up, you need ✓ brainpower ✓ community - funding •advisory
    • 24. to start-up, you need ✓ brainpower ✓ community - funding •advisory
    • 25. advisory •more vital than money •providing expertise, directions & contacts •you need the best, with a network of global reach
    • 26. advisory •harder to find than VCs •locals, not well connected •intnls, not approachable •you are left in the dark
    • 27. to start-up, you need ✓ brainpower ✓ community - funding •advisory
    • 28. to start-up, you need ✓ brainpower ✓ community - funding - advisory
    • 29. so? •the system is broken, start-ups are few •but solutions exist •we are here to put the pieces together
    • 30. who are we
    • 31. George Tziralis entrepreneur, open coffee, GR
    • 32. George Kasselakis entrepreneur, open coffee, GR
    • 33. Dimitris Athanasiadis entrepreneur, open coffee, GR
    • 34. Spiros Xanthos entrepreneur, pattern insight, CA, US
    • 35. Apostolos Apostolakis entrepreneur, e-shop, GR
    • 36. Teresa Farmaki venture capitalist, piraeus bank, GR
    • 37. Yannis Dosios VP marketing, smilebox, WA, US
    • 38. advisors •an extensive list •on technology, management, sales, marketing, plus more • exceptional people from around the world
    • 39. 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
    • 40. 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
    • 41. some of the advisors •Ioannis Methodios - x-CEO, Accenture, Greece •GeorgeManager, Google, - Country Saliaris-Fasseas Greece •Christos Tsangos - CEO, Microsoft, Greece
    • 42. what we do
    • 43. goal •find the best and brightest teams •help them build globally aimed start-ups •make them succeed
    • 44. looking for •stellar teams •globally innovative ideas, still at seed level •disruptive biz models •in and around software and the web
    • 45. call for proposals •open to everyone (teams of 2-4) •online submission, •in person interview & •presentation day
    • 46. “incubate” •pick up to 5 start-ups •extensively support in all things start-up •for a 4-month period •iterate
    • 47. offer •hands-on mentoring, day-to-day, no interfering •networking, globally •20-30k€ for 20% of shares •smooth start & grow
    • 48. all you need to •quit everything else •focus on your skills, team & idea •don’t waste time on unproductive activities •make it happen
    • 49. commitment •by sharing the stakes •80%, entrepreneurs •12%, investors •8%, open fund
    • 50. call for investors •open for everyone interested •minimum investment 30k€, “hassle-free” •providing equal shares to all start-ups of a round
    • 51. re-invent the wheel? •no, model tested before •YCombinator, Seedcamp, Techstars... •it works! •& it’s what’s missing here
    • 52. schedule •call opens in late June •closes in Sep 30 •review & selection in mid Nov •incubation starts Dec 1
    • 53. www.theopenfund.com

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