Open fund presentation at open coffee
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Open fund presentation at open coffee

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Open fund presentation at open coffee

Open fund presentation at open coffee

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Open fund presentation at open coffee Open fund presentation at open coffee Presentation Transcript

  • Sieu thi dien may Viet Long - www.vietlongplaza.com.vnPutting 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 weget 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, worldwideavailability seed VC rounds public
  • funding, in greeceavailability seed VC rounds public
  • 0 high-tech, early stageinvestments 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 Tziralisentrepreneur,open coffee, GR
  • George Kasselakisentrepreneur,open coffee, GR
  • DimitrisAthanasiadisentrepreneur,open coffee, GR
  • Onic Palandjanventure capitalist,capital connect, GR
  • Spiros Xanthosentrepreneur, patterninsight, CA
  • Apostolos Apostolakisentrepreneur, e-shop, GR
  • Sokratis Papafloratosentrepreneur, trusted places,UK
  • Teresa Farmakiventure 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