Open Fund presentation at Open Coffee

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

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

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

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

Onic Palandjan venture capitalist, capital connect, GR

Spiros Xanthos entrepreneur, pattern insight, CA

Apostolos Apostolakis entrepreneur, e-shop, GR

Sokratis Papaﬂoratos entrepreneur, trusted places, UK

Teresa Farmaki venture capitalist, piraeus bank, GR

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

•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

www.theopenfund.com

Open Fund presentation at Open Coffee

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