Presentation by Alexis, co-founder of Hellas Direct, at the 4th Open Coffee gathering in Cyprus. [Melina Merkouri Hall, Famagusta Gate, Nicosia - 16 Jan 2013]
Hellas Direct - Wharton International Program Alexis Pantazis
Presentation by Emilios and Alexis, co-founders of Hellas Direct, to a number of Wharton undergraduate students, visiting Greece as part of the Wharton International Program. [Athens - 27 May 2014]
Presentation by Emilios and Alexis, co-founders of Hellas Direct, to participants of the eCommerce for Beginners Seminar organised by ELTRUN in Athens. [eCommerce for Beginners Seminar - 25 Jan 2013]
Hellas Direct - Wharton International Program Alexis Pantazis
Presentation by Emilios and Alexis, co-founders of Hellas Direct, to a number of Wharton undergraduate students, visiting Greece as part of the Wharton International Program. [Athens - 27 May 2014]
Presentation by Emilios and Alexis, co-founders of Hellas Direct, to participants of the eCommerce for Beginners Seminar organised by ELTRUN in Athens. [eCommerce for Beginners Seminar - 25 Jan 2013]
What happens when you brainstorm with 1000s of people? You can find great ideas (and plans, prototypes, partners and people).
We call it crowdstorming. But organizing 1000s of people introduces some new challenges. We studied 100s of projects to understand what works.
This deck is what we use in our workshops to introduce the main crowdstorming concepts. It is also the outline of our book, Crowdstorm. Enjoy Shaun, Pete and Bastian.
The presentation 'Money Is Broken; Its Future Is Not' was given by Tyler and Cameron Winklevoss at the Money20/20 conference in Las Vegas, NV on November 3, 2014.
For the last CS Presents of 2015 we asked top creatives to look into the future. The presentation includes:
Simon Goodall, Chief Strategy Officer, Lowe Open - Sci-Fi Trend Spotting
Rose Lewis, Co-Founder & Coach, Collider - The Future of Start-Ups
Matt Follows, Sustainable High Performance Coach, Leading Left - Future Proofing Your Brain
Lawrence Weber, Managing Partner Innovation, Karmarama - Reclaiming The Agency
Nadya Powell, MD, Sunshine - Marketing To Future Generations
How to come up with great ideas (efficient innovations)Venture Idea GmbH
We open our doors to show you how we worked in >60 innovation projects with major companies to come up with new ideas that fit the customer needs as well as the company's strategy. Please step in!
Slides from the webinar I co-presented for FierceContentManagement. Are you ready for enterprise mobile opportunities? Technology-wise? Skills-wise? Satisfying the work needs to be done AND can be done well with mobile? Time to find out!
The sharing economy matchmaker-chinese-20170409Craig Chao
The Sharing Economy 共享經濟
The End of Employment and Rise of Crowd-based Capitalism
雇用的結束、以及群眾資本主義的興起
Chap 6 The Shifting Landscape of Regulation and Consumer Protection
Developing a Sharing Economy System
Oct 2013, AirBnB
225,000 New Yorkers users
NY state attorney general Eric T. Schneiderman asked AirBnB to turn over host data
More than taxes
“Illegal hotels” law, 2010
Outlawded NYers livings in multi-unit dwellings their abodes for less than 30 days
Residents could still be AirBnB hosts so long as they were present in their apartment
No entire apartment
Developing a Sharing Economy System
Objected AirBnB
Neighborhood safety
Started renting out units Instead of long-term residents
Exacerbates the affordable housing crisis
Serious public safety concerns
Data-Driven Delegation
Developing a Sharing Economy System
Share Better
Developing a Sharing Economy System
Complexities of the sharing economy
Low-cost UberPop
shutdown in Span, the end of 2014
Banned in Paris and Berlin, 2015
UberX
Shutdown in Seoul in March 2015
Entire service
Shutdown in New York’s East Hampton in June 2015
Investigated in Dutch in April 2015
Legalize
Belgium by 2016, California & Virginia…
....
Machine learning added value
Integrate social responsibilities into platform
Open innovation to its own regulation challenges and unresolved regulation challenges
Chap 6 The Shifting Landscape of Regulation and Consumer Protection
Summary and beyond
Summary
Multi-level self-regulatory platforms
(Big) Data as a new communication and control intermediary
The beyond
New privacy(隱私) issues
Liability(義務) and insurance(保險)
Blockchain(區塊鏈)-based exchange and smart-contracts(智能合約)
What happens when you brainstorm with 1000s of people? You can find great ideas (and plans, prototypes, partners and people).
We call it crowdstorming. But organizing 1000s of people introduces some new challenges. We studied 100s of projects to understand what works.
This deck is what we use in our workshops to introduce the main crowdstorming concepts. It is also the outline of our book, Crowdstorm. Enjoy Shaun, Pete and Bastian.
The presentation 'Money Is Broken; Its Future Is Not' was given by Tyler and Cameron Winklevoss at the Money20/20 conference in Las Vegas, NV on November 3, 2014.
For the last CS Presents of 2015 we asked top creatives to look into the future. The presentation includes:
Simon Goodall, Chief Strategy Officer, Lowe Open - Sci-Fi Trend Spotting
Rose Lewis, Co-Founder & Coach, Collider - The Future of Start-Ups
Matt Follows, Sustainable High Performance Coach, Leading Left - Future Proofing Your Brain
Lawrence Weber, Managing Partner Innovation, Karmarama - Reclaiming The Agency
Nadya Powell, MD, Sunshine - Marketing To Future Generations
How to come up with great ideas (efficient innovations)Venture Idea GmbH
We open our doors to show you how we worked in >60 innovation projects with major companies to come up with new ideas that fit the customer needs as well as the company's strategy. Please step in!
Slides from the webinar I co-presented for FierceContentManagement. Are you ready for enterprise mobile opportunities? Technology-wise? Skills-wise? Satisfying the work needs to be done AND can be done well with mobile? Time to find out!
The sharing economy matchmaker-chinese-20170409Craig Chao
The Sharing Economy 共享經濟
The End of Employment and Rise of Crowd-based Capitalism
雇用的結束、以及群眾資本主義的興起
Chap 6 The Shifting Landscape of Regulation and Consumer Protection
Developing a Sharing Economy System
Oct 2013, AirBnB
225,000 New Yorkers users
NY state attorney general Eric T. Schneiderman asked AirBnB to turn over host data
More than taxes
“Illegal hotels” law, 2010
Outlawded NYers livings in multi-unit dwellings their abodes for less than 30 days
Residents could still be AirBnB hosts so long as they were present in their apartment
No entire apartment
Developing a Sharing Economy System
Objected AirBnB
Neighborhood safety
Started renting out units Instead of long-term residents
Exacerbates the affordable housing crisis
Serious public safety concerns
Data-Driven Delegation
Developing a Sharing Economy System
Share Better
Developing a Sharing Economy System
Complexities of the sharing economy
Low-cost UberPop
shutdown in Span, the end of 2014
Banned in Paris and Berlin, 2015
UberX
Shutdown in Seoul in March 2015
Entire service
Shutdown in New York’s East Hampton in June 2015
Investigated in Dutch in April 2015
Legalize
Belgium by 2016, California & Virginia…
....
Machine learning added value
Integrate social responsibilities into platform
Open innovation to its own regulation challenges and unresolved regulation challenges
Chap 6 The Shifting Landscape of Regulation and Consumer Protection
Summary and beyond
Summary
Multi-level self-regulatory platforms
(Big) Data as a new communication and control intermediary
The beyond
New privacy(隱私) issues
Liability(義務) and insurance(保險)
Blockchain(區塊鏈)-based exchange and smart-contracts(智能合約)
Similar to Hellas Direct - 4th Open Coffee Cyprus (20)
1. HELLAS DIRECT:
SETTING UP A NEW
INSURANCE COMPANY
IN GREECE
(“STOP CHASING UNICORNS!”)
OPEN COFFEE (CYPRUS)
FAMAGUSTA GATE
16 JANUARY 2013
2. LIKE MOST ENTREPRENEURS, WE SET OFF
THINKING WE’D BE THE NEXT GOOGLE GUYS …
Larry Page + Sergey Brin
* until this
GOOGLE: Largest tech IPO in history*.
guy came
along.
3. … BUT WE SOON REALISED THAT REALITY CAN
BE HARSH (9/10 START-UPS FAIL)
ANGELS EARLY-STAGE LATE-STAGE GROWTH
PRE-SEED SEED ROUND I ROUND II ROUND III ROUND IV EXPANSION FOLLOW-ON
<EUR 100k EUR 100-500k EUR 500k-1m EUR 1-5m EUR 5-10m EUR 10-30m EUR 30-50m EUR 50m>
CUMULATIVE CASH FLOW
x x
‘VALLEY OF BREAK IPO
DEATH” EVEN
START-UP
SURVIVAL
RATE 1/3 1/2 2/3 4/5 8-10 YEARS
4. WE SPENT ENDLESS TIME SEARCHING FOR:
THAT
BIG
IDEA
(HAVE YOU EVER DONE SO? BE HONEST…)
5. WE LOOKED FOR AN IDEA WHICH WAS DIFFERENT
TO ANYTHING EVER DONE BEFORE …
(WHAT SOME PEOPLE CALL THE PURPLE COW!)
6. ... AN IDEA WHICH WAS SEXY, COOL AND TRENDY!
WOMENSLINGERIE
7. IT DID NOT TAKE US LONG TO GET THAT
THERE IS NO MAGIC TO AN IDEA …
8. … AND THAT SOMETIMES THE BEST BUSINESS
CONCEPTS ARE RIGHT UNDER YOUR NOSE
CARINSURANCE
9. IF THERE IS ONE MESSAGE WE WANT YOU
TO TAKE AWAY FROM TODAY’S TALK IS THIS:
STOP
CHASING
UNICORNS*
(BORING IDEAS OFTEN MAKE BETTER BUSINESSES!)
* those different, sexy, cool and trendy big ideas.
10. WHAT’S OUR STORY?
¡ A NEW, DIRECT INSURANCE COMPANY IN GREECE.
¡ “CHANGING THE GREEK INSURANCE MARKET, ONE POLICY AT A TIME”.
¡ WE ARE HIGHLY SPECIALISED.
¡ WE LIVE AND BREATHE TECHNOLOGY.
¡ WE LOVE NUMBERS.
¡ WE SERVICE THE CONSUMER, NOT THE BROKER!
¡ 23 PEOPLE IN 3 COUNTRIES.
¡ A LONG JOURNEY: 3 YEARS FROM START TO OUR FIRST SALE.
¡ WE HAVE FACED THREE KEY CHALLENGES ALONG THE WAY…
12. FINDING INVESTORS WASN’T EASY …
2,500 APPROACHES
1 IN 8
300 MEETINGS
1 IN 27
11 INVESTORS
1.5 YEARS
13. … AND THE ODDS WERE NOT ON OUR SIDE
99.56%
REJECTION
RATE
THERE IS AHIGHER CHANCE OF
BETTING ALL YOUR MONEY ON BLACK IN A
LAS VEGAS ROULETTE AND WINNING…
… 7 CONSECUTIVE TIMES!
15. THERE ARE THREE BASIC INGREDIENTS TO
BUILDING A GREAT INSURANCE COMPANY
Get licensed Hire the right people Keep innovating
A year of paperwork Intelligence Invest in technology
Detailed business planning Passion Algorithmic pricing
Latest EU regulations A drive to make things better Close ties with academia
17. LIKE ANY NEW IDEA, APPEAL TO THE
INNOVATORS AND EARLY ADOPTERS FIRST
(NOT EVERYONE WILL GET IT – TARGET YOUR TRIBE FIRST!)
18. SOME DAYS ARE TOUGHER THAN OTHERS …
London, UK Tel Aviv, Israel Athens, Greece
“Press 4 for help” “Happy Hanukkah” “Shaken not stirred”
South African investor Israeli investor Russian investor
19. … BUT IT IS THE LITTLE THINGS THAT
MAKE IT ALL WORTHWHILE
I have just insured my car with Hellas
Direct in under 5’. If all other
services (private or public) were as
friendly to the user as this one, our
productivity would be much higher
and we would all be much calmer…
- a client’s facebook post