A presentation by Apostolso Apostolakis, George DImopoulos & Stefanos Katsimpas

1. February 26, 2016
#hello
VentureFriends: Invest, Help, Grow
OpenCoffee Athens
Apostolos Apostolakis
George Dimopoulos
Stefanos Katsimpas

2. The VentureFriendsteam
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3. Serial entrepreneur turned investor
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§ 2 years with Boston Consulting Group
§ Co-founder e-shop.gr, OpenFund, e-
food.gr, doctoranytime.gr key investor
and member of the board in Taxibeat
§ Angel investor 40+ startups focus on e-
marketplaces, e-commerce and SaaS
§ Civil engineering at NTUA and MBA from
Columbia Business School
Apostolos

4. Investment banker turned investor
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§ 4 years with Bank of America Merrill
Lynch in London
§ Deal structuring experience in numerous
transactions with total valuation of c.
€17bn across multiple geographies
§ Angel investor with more than 10
investments including Taxibeat
§ MBA from Columbia Business School
George

5. Startuperturned investor
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§ Tech guy with passion for digital
marketing
§ Has a 2 time startup experience with
Goodbyte and teamup
§ Marketing manager@e-table.gr
§ Has supported startups on marketing and
product in Greece and US.
§ Studied Physics at EKPA
Stefanos

6. `
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Why VF is relevant?
§ VF raised €12m from
23 private investors
§ €4m deployed or to
be deployed in 9
companies within
H1 2016

7. 7
4What we value
4What we look for
4What we bring

8. Our vision is to help create international
champions…
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…and enhance the startup ecosystem in Greece by
connecting and sharing

9. We are driven by a common mission…
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We want to help
Greek Founders and
put Greece on the
map of Global
Successful Startups

10. …and a sense of urgency
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We are behind or
near the other
peripheral European
ecosystems
There is no time to waste; we need to take action ASAP

11. 11
4What we value
4What we look for
4What we bring

12. But most importantly you need to have the drive to create
an international success with net revenue €10m in 5 Years
Great and driven founders
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Product
Engineering
Business
You need to be very
good overall or….
decent overall and
Amazing in something

13. There is a direct correlation between the revenue potential of startup and
corresponding efforts required to achieve the scale
Hard work, determination and persistence
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Effort required (capital, resources, stress )
€0.5 mil
Revenue
Potential
Low
High
High
Revenue Potential vs. Effort Required

14. a
Big Ideas
Ideas that solve tangible but big
problems
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SaaSMarketplaces
We don’t mind if these are problems that have been solved elsewhere

15. Talk to VC if you are after a startup that can
have 10M+ revenue in 5 years
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Investor Type Revenue potential cutoff
Family 0<
Friends/ IndividualInvestors 1,000,000<
Angels 5,000,000<
National Venture capital 10,000,000 <
International Venture Capital 30,000,000<
“It’s almost always harder to raise capital than you thought it would be, and it
always takes longer. So plan for that.” – Richard Harroch, VC and Author

16. 16
4What we value
4What we look for
4What we bring

17. We understand internet business and
entrepreneurial hardships
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18. We offer our relentless support to our
founders
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We are fighters
and work hard

19. We create marketing synergies
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20. We do business development and connect
successful startups
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21. 21
We can help internationally
Our international footprint across 14 countries comes also with access to local
players / founders

22. We will share our learnings and best
practices
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23. We are open to co-investingwith Angels
and other Greek Funds
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24. There will be roadblocks, guaranteed…
but you will overcome them
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Success
Time
Temporary low
points / fails
“If you are going through hell, keep going.” – Winston Churchill, British Prime Minister

25. And finally…
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