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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

Published in: Business, Economy & Finance

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Transcript

  • 1. Sieu thi dien may Viet Long - www.vietlongplaza.com.vnPutting the pieces together
  • 2. 2 years ago
  • 3. 40 events,in 6 cities
  • 4. 130 speeches,100s of participants 4
  • 5. we came a long way y-w ise unit c omm
  • 6. still,the ecosystem is broken
  • 7. how can weget there?
  • 8. to start-up, you need•brainpower•community•funding•advisory
  • 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. to start-up, you need•brainpower•community•funding•advisory
  • 11. to start-up, you need✓ brainpower•community•funding•advisory
  • 12. to start-up, you need✓ brainpower•community•funding•advisory
  • 13. start-ups @ OC•they exist•able to succeed•interest is huge•potential is even bigger
  • 14. to start-up, you need✓ brainpower•community•funding•advisory
  • 15. to start-up, you need✓ brainpower✓ community•funding•advisory
  • 16. to start-up, you need✓ brainpower✓ community•funding•advisory
  • 17. venture capital•lots of traction lately•a number of new funds•significant capital available•yet, no liquidity. why?
  • 18. funding, worldwideavailability seed VC rounds public
  • 19. funding, in greeceavailability seed VC rounds public
  • 20. 0 high-tech, early stageinvestments in GR, 2007 (in €, EVCA)
  • 21. venture capital•no angel / early stage•risk averse•lack of knowledge in the tech field•no relevant network
  • 22. to start-up, you need✓ brainpower✓ community•funding•advisory
  • 23. to start-up, you need✓ brainpower✓ community- funding•advisory
  • 24. to start-up, you need✓ brainpower✓ community- funding•advisory
  • 25. advisory•more vital than money•providing expertise, directions & contacts•you need the best, with a network of global reach
  • 26. advisory•harder to find than VCs•locals, not well connected•intnls, not approachable•you are left in the dark
  • 27. to start-up, you need✓ brainpower✓ community- funding•advisory
  • 28. to start-up, you need✓ brainpower✓ community- funding- advisory
  • 29. so?•the system is broken, start-ups are few•but solutions exist•we are here to put the pieces together
  • 30. who are we
  • 31. George Tziralisentrepreneur,open coffee, GR
  • 32. George Kasselakisentrepreneur,open coffee, GR
  • 33. DimitrisAthanasiadisentrepreneur,open coffee, GR
  • 34. Onic Palandjanventure capitalist,capital connect, GR
  • 35. Spiros Xanthosentrepreneur, patterninsight, CA
  • 36. Apostolos Apostolakisentrepreneur, e-shop, GR
  • 37. Sokratis Papafloratosentrepreneur, trusted places,UK
  • 38. Teresa Farmakiventure capitalist,piraeus bank, GR
  • 39. advisors•an extensive list•on technology, management, sales, marketing, plus more• exceptional people from around the world
  • 40. 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
  • 41. 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
  • 42. some of the advisors•Ioannis Methodios- x-CEO, Accenture, Greece•GeorgeManager, Google,- Country Saliaris-Fasseas Greece•Christos Tsangos- CEO, Microsoft, Greece
  • 43. what we do
  • 44. goal•find the best and brightest teams•help them build globally aimed start-ups•make them succeed
  • 45. looking for•stellar teams•globally innovative ideas, still at seed level•disruptive biz models•in and around software and the web
  • 46. call for proposals•open to everyone (teams of 2-4)•online submission,•in person interview &•presentation day
  • 47. “incubate”•pick up to 5 start-ups•extensively support in all things start-up•for a 4-month period•iterate
  • 48. offer•hands-on mentoring, day-to-day, no interfering•networking, globally•20-30k€ for 20% of shares•smooth start & grow
  • 49. all you need to•quit everything else•focus on your skills, team & idea•don’t waste time on unproductive activities•make it happen
  • 50. commitment•by sharing the stakes•80%, entrepreneurs•12%, investors•8%, open fund
  • 51. call for investors•open for everyone interested•minimum investment 30k€, “hassle-free”•providing equal shares to all start-ups of a round
  • 52. re-invent the wheel?•no, model tested before•YCombinator, Seedcamp, Techstars...•it works!•& it’s what’s missing here
  • 53. schedule•call opens in late June•closes in Sep 30•review & selection in mid Nov•incubation starts Dec 1
  • 54. •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
  • 55. www.theopenfund.com