Putting the pieces together
It all
       started in June 07,
      with the inaugurative
       Open Coffee Athens
            meeting




2 years ago
Since then, the
network has grown
                    40 events,
   really strong
                    in 6 cities
130 speeches,
   100s of participants
  & the interest on
entrepreneurship has
    skyrocketed




                       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
 scient...
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 globa...
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




 initiator & principal organiser
      of Open Coffee Athens
George Kasselakis
entrepreneur,
open coffee, GR




principal organiser of Open
    Coffee Thessaloniki
Dimitris
Athanasiadis
entrepreneur,
open coffee, GR

         the think-tank behind the endeavor,
              PhD & edit...
raised $5M
       & counting, now CTO


Spiros Xanthos
entrepreneur, pattern
insight, CA
e-shop.gr made a turnover
              of 120M € in 2008 alone




Apostolos Apostolakis
entrepreneur, e-shop, GR
Teresa Farmaki
venture capitalist,
piraeus bank, GR




  set up the Piraeus VC fund from
scratch, now head of Private Equ...
Yannis
Dosios
VP marketing,
smilebox,
WA, US

x-Senior Product Manager at MS,
   now setting up smilebox EU
advisors

•an extensive list
•on technology,
 management, sales,
 marketing, plus more
• exceptional people from
 around t...
some of the advisors
•Tassoco-founder, Aster Data
- CTO &
        Argyros
   Systems, CA

•Francesco Benincasa UK
- Direct...
some of the advisors
•Andrew Hyde
- Entrepreneur, Techstars
•Panos Ipeirotis Stern
- Associate Professor,
   School of Bus...
some of the advisors

•Ioannis Methodios
- x-CEO, Accenture, Greece
•GeorgeManager, Google,
- Country
           Saliaris-...
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...
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 & g...
all you need to
•quit everything else
•focus on your skills,
 team & idea
•don’t waste time on
 unproductive activities
•m...
commitment

•by sharing the stakes
•80%, entrepreneurs
•12%, investors
•8%, open fund
Upcoming SlideShare
Loading in...5
×

Entrepreneurs Annotated

1,052

Published on

Published in: Business, Education
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
1,052
On Slideshare
0
From Embeds
0
Number of Embeds
4
Actions
Shares
0
Downloads
13
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide
  • 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,
  • Entrepreneurs Annotated

    1. 1. Putting the pieces together
    2. 2. It all started in June 07, with the inaugurative Open Coffee Athens meeting 2 years ago
    3. 3. Since then, the network has grown 40 events, really strong in 6 cities
    4. 4. 130 speeches, 100s of participants & the interest on entrepreneurship has skyrocketed 4
    5. 5. we came a long way y-w ise unit c omm
    6. 6. still, the ecosystem is broken
    7. 7. how can we get there?
    8. 8. to start-up, you need •brainpower •community •funding •advisory
    9. 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. 10. to start-up, you need •brainpower •community •funding •advisory
    11. 11. to start-up, you need ✓ brainpower •community •funding •advisory
    12. 12. to start-up, you need ✓ brainpower •community •funding •advisory
    13. 13. start-ups @ OC •they exist •able to succeed •interest is huge •potential is even bigger
    14. 14. to start-up, you need ✓ brainpower •community •funding •advisory
    15. 15. to start-up, you need ✓ brainpower ✓ community •funding •advisory
    16. 16. to start-up, you need ✓ brainpower ✓ community •funding •advisory
    17. 17. venture capital •lots of traction lately •a number of new funds •significant capital available •yet, no liquidity. why?
    18. 18. funding, worldwide availability seed VC rounds public
    19. 19. funding, in greece availability seed VC rounds public
    20. 20. 0 high-tech, early stage investments in GR, 2007 (in €, EVCA)
    21. 21. venture capital •no angel / early stage •risk averse •lack of knowledge in the tech field •no relevant network
    22. 22. to start-up, you need ✓ brainpower ✓ community •funding •advisory
    23. 23. to start-up, you need ✓ brainpower ✓ community - funding •advisory
    24. 24. to start-up, you need ✓ brainpower ✓ community - funding •advisory
    25. 25. advisory •more vital than money •providing expertise, directions & contacts •you need the best, with a network of global reach
    26. 26. advisory •harder to find than VCs •locals, not well connected •intnls, not approachable •you are left in the dark
    27. 27. to start-up, you need ✓ brainpower ✓ community - funding •advisory
    28. 28. to start-up, you need ✓ brainpower ✓ community - funding - advisory
    29. 29. so? •the system is broken, start-ups are few •but solutions exist •we are here to put the pieces together
    30. 30. who are we
    31. 31. George Tziralis entrepreneur, open coffee, GR initiator & principal organiser of Open Coffee Athens
    32. 32. George Kasselakis entrepreneur, open coffee, GR principal organiser of Open Coffee Thessaloniki
    33. 33. Dimitris Athanasiadis entrepreneur, open coffee, GR the think-tank behind the endeavor, PhD & editor among others
    34. 34. raised $5M & counting, now CTO Spiros Xanthos entrepreneur, pattern insight, CA
    35. 35. e-shop.gr made a turnover of 120M € in 2008 alone Apostolos Apostolakis entrepreneur, e-shop, GR
    36. 36. Teresa Farmaki venture capitalist, piraeus bank, GR set up the Piraeus VC fund from scratch, now head of Private Equity
    37. 37. Yannis Dosios VP marketing, smilebox, WA, US x-Senior Product Manager at MS, now setting up smilebox EU
    38. 38. advisors •an extensive list •on technology, management, sales, marketing, plus more • exceptional people from around the world
    39. 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. 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. 41. some of the advisors •Ioannis Methodios - x-CEO, Accenture, Greece •GeorgeManager, Google, - Country Saliaris-Fasseas Greece •Christos Tsangos - CEO, Microsoft, Greece
    42. 42. what we do
    43. 43. goal •find the best and brightest teams •help them build globally aimed start-ups •make them succeed
    44. 44. looking for •stellar teams •globally innovative ideas, still at seed level •disruptive biz models •in and around software and the web
    45. 45. call for proposals •open to everyone (teams of 2-4) •online submission, •in person interview & •presentation day
    46. 46. “incubate” •pick up to 5 start-ups •extensively support in all things start-up •for a 4-month period •iterate
    47. 47. offer •hands-on mentoring, day-to-day, no interfering •networking, globally •20-30k€ for 20% of shares •smooth start & grow
    48. 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. 49. commitment •by sharing the stakes •80%, entrepreneurs •12%, investors •8%, open fund
    50. 50. call for investors •open for everyone interested •minimum investment 30k€, “hassle-free” •providing equal shares to all start-ups of a round
    51. 51. re-invent the wheel? •no, model tested before •YCombinator, Seedcamp, Techstars... •it works! •& it’s what’s missing here
    52. 52. schedule •call opens in late June •closes in Sep 30 •review & selection in mid Nov •incubation starts Dec 1
    53. 53. •we are putting the pieces together •to create what we wish we could have •leverage on our expertise & network •to enable you to properly start-up
    54. 54. www.theopenfund.com
    1. A particular slide catching your eye?

      Clipping is a handy way to collect important slides you want to go back to later.

    ×