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Startup Stories: Openfund
 

Startup Stories: Openfund

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Η παρουσίαση των Γιώργου Τζιραλή και Γιώργου Κασσελάκη στην εκδήλωση Startup Stories.

Η παρουσίαση των Γιώργου Τζιραλή και Γιώργου Κασσελάκη στην εκδήλωση Startup Stories.

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    Startup Stories: Openfund Startup Stories: Openfund Presentation Transcript

    • Putting the pieces together
    • 240507 / London
    • 2 years ago
    • 40 events, in 6 cities
    • 130 speeches, 100s of participants 6
    • 2009 7
    • 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
    • who are we •7 executive members - bringing, knowledge, experience & passion to the table •49technology, management, - on advisors & counting sales, marketing, everything you need
    • 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
    • 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
    • progress update •1st call closed in Sep 30 •57% applications from Greece •20 countries in total
    • progress update •full reviews returned •then biz plan & interviews required •launch day on Nov 21 •next call ends Feb 28!
    • who’s next?
    • www.theopenfund.com