Much like any country we
have visited, in Greece too
people tend to think that
the grass is greener on the
The larger web based companies are
targeting social networking. Gossiping,
friendship, sports and sex (dating) have
the largest share.
That is not to say that they compete with the
cash cows that portals are, but the value of
these companies grows polynomial over the # of
users, not linearly.
It also bears mentioning that most target the
country itself, and are reluctant to expand, even
though we are only a small corner of the world
Another noteworthy detail is that while abroad
the distribution of VC capital is even
Here we don’t have the kind of seed initiatives
that we need to foster web development that
don’t want and don’t need too much money
Investors in Greece generally prefer investments
in things that are material and big. They tend to
consider smaller investments a waste of time
This leaves a lot of potential for tourism (which
is sadly very profitable) and maritime industries.
But Greece has a huge investment in knowledge.
We are in the top 5% globally in PhDs per capita.
You will also find that Greeks inherently think outside the box.
Even in our OpenCoffee meetings and excluding social aspects
that are ubiquitous to all ideas, we don’t have ‘me too’
projects. No new Youtube, no new search engine and so on.
So the idea of OpenCoffee was imported, adapted and
given love, and substance.
These are monthly meetings with young
entrepreneurs, marketers, alternative media…
The idea behind the meetings is that a condensation
of interesting and creative people will lead to
spawning of interesting and creative ideas.
• 25 events
• 112 presentations
–bring your own projector
and organized with 0 cost until now
Also if near summer time you’re wondering
what to do you can come at the Greek Bloggers’s
Camp. Featuring interesting international
personalities and actual wifi (unlike stream 08)
So we have a clear idea of what the vision is. We just
need to settle on the right kind of blueprints to follow,
the right fertilization process and we should be
growing. We think it’s best to throw many things
against the wall and see what sticks.
What we really know, is that the BRIC model
can’t work for us. The promises don’t live up to
the existing standards of living.
What is one to do ?
• Hardcore Lobby
• More and more diverse events
– Push harder
– Bring in traditional media
• Make a seeding fund ( ¥€$ )
• Bring in international experts
• Bring in new business methodologies
So we’d like to turn to the collective. Tell us what you
think we should do, to literally force growth.
And keep in mind that the
recipe we come up with
can be used to spur
growth in the countries in
similar condition to
Greece in the Central-