The Openfund is a microfund targeting emerging technology startups in Greece and Southeastern Europe. It aims to create an ecosystem that promotes high-tech entrepreneurship and yields high returns. The Openfund will invest in and incubate the most promising startup ideas or prototypes, providing advice and guidance until exit. It has assembled a strong network of experienced advisors and investors. The Openfund seeks to address the lack of seed funding available in Greece and the region by connecting entrepreneurs with investors and resources to help startups start, grow, and sell successfully.
The OpenFund aims to promote high-tech entrepreneurship in Greece and Southeastern Europe by investing in and incubating the most promising startups. It will select up to 5 startups per round through a multi-stage selection process. Startups will receive 20-30k EUR in funding and 4 months of incubation support including mentoring, networking, and legal/accounting services. Investors will gain diversified exposure to the best startup opportunities in the region through the OpenFund's established entrepreneurial network and advisor resources. The goal is to create an ecosystem that yields high returns for entrepreneurs, investors, and the regional economy.
How to Startup Company from 1 people to 100 peopleDuong The Vinh
Pawoot started his company TARAD in 1999 with 3 friends. Over 13 years it grew to 120 employees in 3 companies providing e-commerce, digital marketing, and analytics services. In 2009, TARAD joined with Japanese company Rakuten, becoming one of the top 8 internet companies worldwide. Pawoot shared his experience growing from a small startup to a large company, emphasizing the importance of planning, execution, partnerships, and expanding locally before going global.
The document discusses three studies on improving direct mail fundraising through database marketing. The first study found that tailoring donation requests based on donor lifecycle improved response rates and revenues. The second study found that seed money increased response rates, especially for less loyal donors, while threshold levels had no effect. The third study found that measures of empathy, especially empathic concern, improved predictions of donation behavior beyond traditional predictors like past donations.
This document provides a summary of youth employment measures across European countries in 2010. It discusses measures taken in school education and training policies to prevent early school leaving and ensure young people acquire basic skills. Subsidized employment programs are also summarized, including wage subsidies, public employment services, apprenticeships, and traineeships. The document concludes with a discussion of challenges faced in promoting youth employment across diverse national contexts.
This document discusses the labor market participation of young people in Europe. It notes that youth unemployment has risen significantly since the economic crisis, with only 34% of young people employed in 2011, the lowest figure on record. While youth are an important asset, many European countries currently struggle to integrate young people into education and the job market. The crisis has hit young people especially hard, increasing the urgency for policies to improve their labor market participation and engagement.
Raising the Effectiveness of Official Development Assistance in Education EduSkills OECD
Presentation by Barbara Ischinger, Director for Education, OECD, at the International Forum on Education ODA jointly organised by the Korean Ministry of Education, KEDI (Korean Education Development Institute), OECD, UNESCO and World Bank, 28 November, Busan, Korea.
The document summarizes major events from 1500-1900 AD across the world, focusing on developments in America, Europe, Asia, religion, technology, and art/culture. Key events include European exploration and colonization of the Americas starting in the 1500s, the Protestant Reformation and Counter Reformation in Europe in the 1500-1600s, the Scientific Revolution led by figures like Galileo, Kepler, Newton, and Harvey in the 1600s, the Industrial Revolution beginning in Europe in the late 1700s, independence movements in America and South America in the 1700-1800s, and major cultural/artistic developments like Shakespeare in the 1500s-1600s and Impressionism in the 1800s. Major Asian developments included the
The OpenFund aims to promote high-tech entrepreneurship in Greece and Southeastern Europe by investing in and incubating the most promising startups. It will select up to 5 startups per round through a multi-stage selection process. Startups will receive 20-30k EUR in funding and 4 months of incubation support including mentoring, networking, and legal/accounting services. Investors will gain diversified exposure to the best startup opportunities in the region through the OpenFund's established entrepreneurial network and advisor resources. The goal is to create an ecosystem that yields high returns for entrepreneurs, investors, and the regional economy.
How to Startup Company from 1 people to 100 peopleDuong The Vinh
Pawoot started his company TARAD in 1999 with 3 friends. Over 13 years it grew to 120 employees in 3 companies providing e-commerce, digital marketing, and analytics services. In 2009, TARAD joined with Japanese company Rakuten, becoming one of the top 8 internet companies worldwide. Pawoot shared his experience growing from a small startup to a large company, emphasizing the importance of planning, execution, partnerships, and expanding locally before going global.
The document discusses three studies on improving direct mail fundraising through database marketing. The first study found that tailoring donation requests based on donor lifecycle improved response rates and revenues. The second study found that seed money increased response rates, especially for less loyal donors, while threshold levels had no effect. The third study found that measures of empathy, especially empathic concern, improved predictions of donation behavior beyond traditional predictors like past donations.
This document provides a summary of youth employment measures across European countries in 2010. It discusses measures taken in school education and training policies to prevent early school leaving and ensure young people acquire basic skills. Subsidized employment programs are also summarized, including wage subsidies, public employment services, apprenticeships, and traineeships. The document concludes with a discussion of challenges faced in promoting youth employment across diverse national contexts.
This document discusses the labor market participation of young people in Europe. It notes that youth unemployment has risen significantly since the economic crisis, with only 34% of young people employed in 2011, the lowest figure on record. While youth are an important asset, many European countries currently struggle to integrate young people into education and the job market. The crisis has hit young people especially hard, increasing the urgency for policies to improve their labor market participation and engagement.
Raising the Effectiveness of Official Development Assistance in Education EduSkills OECD
Presentation by Barbara Ischinger, Director for Education, OECD, at the International Forum on Education ODA jointly organised by the Korean Ministry of Education, KEDI (Korean Education Development Institute), OECD, UNESCO and World Bank, 28 November, Busan, Korea.
The document summarizes major events from 1500-1900 AD across the world, focusing on developments in America, Europe, Asia, religion, technology, and art/culture. Key events include European exploration and colonization of the Americas starting in the 1500s, the Protestant Reformation and Counter Reformation in Europe in the 1500-1600s, the Scientific Revolution led by figures like Galileo, Kepler, Newton, and Harvey in the 1600s, the Industrial Revolution beginning in Europe in the late 1700s, independence movements in America and South America in the 1700-1800s, and major cultural/artistic developments like Shakespeare in the 1500s-1600s and Impressionism in the 1800s. Major Asian developments included the
The document discusses The Open Fund, a startup incubator and seed fund based in Greece. It summarizes that The Open Fund has hosted 40 events in 6 cities, delivered over 130 speeches, and engaged hundreds of participants. While the startup ecosystem in Greece is still broken, The Open Fund aims to address issues like a lack of experienced mentors and difficulty accessing international investors. The document provides details on The Open Fund's funding process, network of mentors and investors, and open call for startup proposals.
1) Gemius is a European research and technology company that provides official market statistics in 7 countries and unofficial statistics in many other countries. They focus on measuring online audiences and behavior across the CEE region.
2) Audience measurement tools like gemiusAudience provide insights into a website's actual audience size, demographic profiles of users, and how usage intensity varies across different user groups. This data can be used for more effective media planning and targeting campaigns to the right audiences.
3) Combining audience measurement data with on-site behavior data from tools like gemiusTraffic allows marketers to generate in-depth profiles of their actual website users, not just estimates. This provides insights to optimize campaigns, content,
This is the presentation given to the Geeks on a Plane 500 Startups Group (GOAP) in Mexico City on Saturday May 12, 2012 by Paul Ahlstrom. This is a summary of the internal market research that led Alta to create a two investment funds in Mexico (Alta Growth Capital and Alta Ventures Mexico) (Excuse the formatting issues... We call this our kitchen sink version and although it is fairly complete, it was never meant for external publication..) Enjoy - It will be posted here for a limited time
Lightspeed Research conducted a survey of 1001 UK social media users to understand engagement with brands. The survey found that over half have engaged with brands by liking, following, or sharing content. Competitions and offers were the top motivators for engagement. Respondents were less likely to engage if content was boring or repetitive. Many had concerns about purchasing directly through social media due to security issues. The survey concluded that highlighting benefits and educating consumers could increase engagement, as could encouraging friends to promote branded content.
The document summarizes updates on the Digital Agenda for Europe. It discusses progress made on the 101 Digital Agenda actions, with 38 completed and 49 on track. It also discusses upcoming budgets and initiatives like the Connecting Europe Facility, Horizon 2020, and the Cloud Computing Strategy, which aim to boost broadband access, research and innovation, and cloud adoption in Europe. The presentation provides an overview of key priorities, actions, and timelines around these digital initiatives.
This document summarizes the ECRF/CRF Survey from 2012. It provides information on the participating countries and organizations in the survey. It describes the purpose of the survey as improving over time to become more global and analytical. It outlines the contents to be included in the 2012 report, such as legal and institutional settings, processing time, e-services, costs and fees, and business dynamics. It concludes with remarks about inviting more participants to the 2013 survey and including new questions.
This document discusses digital media trends across Asia and the challenges of marketing across different Asian markets. It notes the rise of social media and democratized media in Asia. It provides data on internet and technology adoption in countries like Sweden, South Korea, China, Japan, and others. It discusses the importance of understanding different social networks, online behaviors, and barriers in different Asian countries. The key is connecting with others across potential cultural and national barriers through weak online ties.
Sedo is a global domain marketplace founded in 2001 with over 180 employees. It is the world's leading domain marketplace, facilitating the buying and selling of over 14 million domains. Sedo also offers domain parking and monetization services, parking over 5 million domains. The presentation discusses trends in the European secondary domain market, Sedo's role in facilitating this market, statistics on domain transactions and values, and the growth of the online advertising market in Europe which drives demand for domain names.
OpenERP-Achievements2010 110422042131 Phpapp02Raphael Buch
Marc Laporte presented OpenERP's achievements in 2010. Key achievements included fundraising, launching a new partner program, building internal teams, defining new services, and launching version 6 of the OpenERP software. The presentation highlighted growing adoption of OpenERP in 57 countries, increased community contributions with over 1,000 modules now available, and improved support processes. It also provided statistics on the company's growing customer base, website traffic, and visibility in online and print media.
Marc Laporte presented OpenERP's achievements in 2010. Key achievements included fundraising, launching a new partner program, building internal teams, defining new services, and launching version 6 of the OpenERP software. The presentation highlighted growing adoption of OpenERP in 57 countries, over 1,000 available modules, and increasing customer satisfaction levels. It also showed growth in website visits, social media presence, and press coverage establishing greater visibility for OpenERP.
Marc Laporte presented 2010 achievements for OpenERP including:
- OpenERP is present in 57 countries globally.
- There are now 1065 modules available in OpenERP.
- 208 support tickets were received in March 2011.
- Migration and support services are growing, with 11 databases migrated onsite and 11 migrated online in the first months of the new migration platform.
- A comprehensive set of services is being built including support, migrations, methodology training and offshore services.
The other face of global mobility aca presentation 14102011dvndamme
The document discusses higher education participation rates of students from migrant communities. It notes that while higher education systems are expanding globally, there remains an untapped pool of talent, as students from disadvantaged backgrounds like those with a migrant background face lower access and success rates. International student mobility is also increasing but higher education could do more to utilize all available human resources and reduce failure and dropout rates that disproportionately impact disadvantaged groups.
Volunteering is an enormous renewable resource for solving societal problems, but it lacks reliable data. Current methods of measuring volunteering are inconsistent and produce divergent results. The UN has called for establishing the economic value of volunteering through improved measurement. A new handbook provides a standardized approach for measuring volunteering through labor force surveys to facilitate comparisons and clarify volunteering's scale and role. Implementation is underway in Europe and could help mobilize volunteers and engage policymakers if expanded to more countries.
The speech was delivered in "New Era, New TV" seminar organized by Orange Labs Beijing. The presentation focuses on the business models and market trends of online video/TV and mobile TV.
Presented by Dr. Ozgur Uckan at Turkey Knowledge Economy Assessment Report Workshop of World Bank, November 5, 2003, Ankara. Presentation focus on ICT & dynamic information infrastructure as a knowledge economy pillar, and treats national ICT policies as a crucial development tool.
The European Angel Investing Market, Facts and Figures - Claire Munck EBAN St...Burton Lee
This document summarizes statistics and trends in the European angel investment market. It notes that in 2007, the EU angel market was estimated at €3-5 billion annually, about 25% the size of the US market. The majority of angel investments in Europe are made locally by networks of 25-75 members. ICT sectors dominate but cleantech is growing. Co-investments between angels and funds are increasing. While the market faces challenges, there are also opportunities for cross-border deals and support from government programs.
This document provides information about starting a technology venture between the US and France, leveraging transatlantic resources and partnerships. It outlines advantages of France such as university degrees in science/technology, support for startups and innovation, and tourism. France has a favorable environment for startups including 100 spin-offs per year from research, incubators, tax incentives, and venture funding. The Young Entrepreneur Initiative helps US scientists and engineers internationalize their vision in France through mentoring, connections, and helping them establish in France. Past participants have successfully partnered with French organizations and expanded their operations.
This document discusses business angels and their role in financing startups and early-stage companies. It provides definitions of business angels and outlines their typical investment amounts, preferences for involvement, and motivations. The document also summarizes the financing cycle of companies and shows where business angels fit relative to other sources of funding like friends/family, venture capital, and public markets. It provides tips for entrepreneurs on how to approach business angels for funding, including having a strong management team, developed product or sales, and being open to advice. Statistics are given on business angel activity in Europe.
The document discusses Saudi Arabia's path to long-term economic prosperity through competitiveness. It notes that while oil revenues have fueled growth, true prosperity comes from high productivity and creating valuable goods and services, not exploiting natural resources. To achieve this, Saudi Arabia must make improvements to its business environment, open up private sector competition, and develop workforce skills beyond oil industries. The path requires strategic focus and patience rather than relying on short-term growth from uncompetitive policies.
Openfund Facts and Figures – June 2014The Openfund
Jeremie Openfund II is a €11.7 million pre-seed and seed stage venture fund that has made 12 investments so far out of around 800 applications received, accepting 1.5% of startups. The portfolio companies operate in a wide range of software sectors and are at various stages of maturity, with 5/12 having a prototype, 4/12 having traction, and 2/12 having revenues already. On average, pre-seed investments are €106k and seed investments are €302k. Most founding teams have 2-3 founders, which is recommended. The portfolio has created 82 jobs so far and aims to help companies turn ideas into products and businesses that can impact millions of users.
The document provides a template for a business plan with sections on the executive summary, concept, team, product, market, competition, business model, schedule, and funding.
The executive summary section advises writing the summary twice - once at the start and once at the end of drafting the plan. It should be short, under a page, and address the concept's vision and opportunity, the appropriate team, the innovative product and business model, and short-term goals.
The concept section describes the problem being addressed, existing solutions and their limitations, and the innovation being brought to market. The team section introduces members and their roles, and why they are suited to the task. The product section provides extensive details on
The document discusses The Open Fund, a startup incubator and seed fund based in Greece. It summarizes that The Open Fund has hosted 40 events in 6 cities, delivered over 130 speeches, and engaged hundreds of participants. While the startup ecosystem in Greece is still broken, The Open Fund aims to address issues like a lack of experienced mentors and difficulty accessing international investors. The document provides details on The Open Fund's funding process, network of mentors and investors, and open call for startup proposals.
1) Gemius is a European research and technology company that provides official market statistics in 7 countries and unofficial statistics in many other countries. They focus on measuring online audiences and behavior across the CEE region.
2) Audience measurement tools like gemiusAudience provide insights into a website's actual audience size, demographic profiles of users, and how usage intensity varies across different user groups. This data can be used for more effective media planning and targeting campaigns to the right audiences.
3) Combining audience measurement data with on-site behavior data from tools like gemiusTraffic allows marketers to generate in-depth profiles of their actual website users, not just estimates. This provides insights to optimize campaigns, content,
This is the presentation given to the Geeks on a Plane 500 Startups Group (GOAP) in Mexico City on Saturday May 12, 2012 by Paul Ahlstrom. This is a summary of the internal market research that led Alta to create a two investment funds in Mexico (Alta Growth Capital and Alta Ventures Mexico) (Excuse the formatting issues... We call this our kitchen sink version and although it is fairly complete, it was never meant for external publication..) Enjoy - It will be posted here for a limited time
Lightspeed Research conducted a survey of 1001 UK social media users to understand engagement with brands. The survey found that over half have engaged with brands by liking, following, or sharing content. Competitions and offers were the top motivators for engagement. Respondents were less likely to engage if content was boring or repetitive. Many had concerns about purchasing directly through social media due to security issues. The survey concluded that highlighting benefits and educating consumers could increase engagement, as could encouraging friends to promote branded content.
The document summarizes updates on the Digital Agenda for Europe. It discusses progress made on the 101 Digital Agenda actions, with 38 completed and 49 on track. It also discusses upcoming budgets and initiatives like the Connecting Europe Facility, Horizon 2020, and the Cloud Computing Strategy, which aim to boost broadband access, research and innovation, and cloud adoption in Europe. The presentation provides an overview of key priorities, actions, and timelines around these digital initiatives.
This document summarizes the ECRF/CRF Survey from 2012. It provides information on the participating countries and organizations in the survey. It describes the purpose of the survey as improving over time to become more global and analytical. It outlines the contents to be included in the 2012 report, such as legal and institutional settings, processing time, e-services, costs and fees, and business dynamics. It concludes with remarks about inviting more participants to the 2013 survey and including new questions.
This document discusses digital media trends across Asia and the challenges of marketing across different Asian markets. It notes the rise of social media and democratized media in Asia. It provides data on internet and technology adoption in countries like Sweden, South Korea, China, Japan, and others. It discusses the importance of understanding different social networks, online behaviors, and barriers in different Asian countries. The key is connecting with others across potential cultural and national barriers through weak online ties.
Sedo is a global domain marketplace founded in 2001 with over 180 employees. It is the world's leading domain marketplace, facilitating the buying and selling of over 14 million domains. Sedo also offers domain parking and monetization services, parking over 5 million domains. The presentation discusses trends in the European secondary domain market, Sedo's role in facilitating this market, statistics on domain transactions and values, and the growth of the online advertising market in Europe which drives demand for domain names.
OpenERP-Achievements2010 110422042131 Phpapp02Raphael Buch
Marc Laporte presented OpenERP's achievements in 2010. Key achievements included fundraising, launching a new partner program, building internal teams, defining new services, and launching version 6 of the OpenERP software. The presentation highlighted growing adoption of OpenERP in 57 countries, increased community contributions with over 1,000 modules now available, and improved support processes. It also provided statistics on the company's growing customer base, website traffic, and visibility in online and print media.
Marc Laporte presented OpenERP's achievements in 2010. Key achievements included fundraising, launching a new partner program, building internal teams, defining new services, and launching version 6 of the OpenERP software. The presentation highlighted growing adoption of OpenERP in 57 countries, over 1,000 available modules, and increasing customer satisfaction levels. It also showed growth in website visits, social media presence, and press coverage establishing greater visibility for OpenERP.
Marc Laporte presented 2010 achievements for OpenERP including:
- OpenERP is present in 57 countries globally.
- There are now 1065 modules available in OpenERP.
- 208 support tickets were received in March 2011.
- Migration and support services are growing, with 11 databases migrated onsite and 11 migrated online in the first months of the new migration platform.
- A comprehensive set of services is being built including support, migrations, methodology training and offshore services.
The other face of global mobility aca presentation 14102011dvndamme
The document discusses higher education participation rates of students from migrant communities. It notes that while higher education systems are expanding globally, there remains an untapped pool of talent, as students from disadvantaged backgrounds like those with a migrant background face lower access and success rates. International student mobility is also increasing but higher education could do more to utilize all available human resources and reduce failure and dropout rates that disproportionately impact disadvantaged groups.
Volunteering is an enormous renewable resource for solving societal problems, but it lacks reliable data. Current methods of measuring volunteering are inconsistent and produce divergent results. The UN has called for establishing the economic value of volunteering through improved measurement. A new handbook provides a standardized approach for measuring volunteering through labor force surveys to facilitate comparisons and clarify volunteering's scale and role. Implementation is underway in Europe and could help mobilize volunteers and engage policymakers if expanded to more countries.
The speech was delivered in "New Era, New TV" seminar organized by Orange Labs Beijing. The presentation focuses on the business models and market trends of online video/TV and mobile TV.
Presented by Dr. Ozgur Uckan at Turkey Knowledge Economy Assessment Report Workshop of World Bank, November 5, 2003, Ankara. Presentation focus on ICT & dynamic information infrastructure as a knowledge economy pillar, and treats national ICT policies as a crucial development tool.
The European Angel Investing Market, Facts and Figures - Claire Munck EBAN St...Burton Lee
This document summarizes statistics and trends in the European angel investment market. It notes that in 2007, the EU angel market was estimated at €3-5 billion annually, about 25% the size of the US market. The majority of angel investments in Europe are made locally by networks of 25-75 members. ICT sectors dominate but cleantech is growing. Co-investments between angels and funds are increasing. While the market faces challenges, there are also opportunities for cross-border deals and support from government programs.
This document provides information about starting a technology venture between the US and France, leveraging transatlantic resources and partnerships. It outlines advantages of France such as university degrees in science/technology, support for startups and innovation, and tourism. France has a favorable environment for startups including 100 spin-offs per year from research, incubators, tax incentives, and venture funding. The Young Entrepreneur Initiative helps US scientists and engineers internationalize their vision in France through mentoring, connections, and helping them establish in France. Past participants have successfully partnered with French organizations and expanded their operations.
This document discusses business angels and their role in financing startups and early-stage companies. It provides definitions of business angels and outlines their typical investment amounts, preferences for involvement, and motivations. The document also summarizes the financing cycle of companies and shows where business angels fit relative to other sources of funding like friends/family, venture capital, and public markets. It provides tips for entrepreneurs on how to approach business angels for funding, including having a strong management team, developed product or sales, and being open to advice. Statistics are given on business angel activity in Europe.
The document discusses Saudi Arabia's path to long-term economic prosperity through competitiveness. It notes that while oil revenues have fueled growth, true prosperity comes from high productivity and creating valuable goods and services, not exploiting natural resources. To achieve this, Saudi Arabia must make improvements to its business environment, open up private sector competition, and develop workforce skills beyond oil industries. The path requires strategic focus and patience rather than relying on short-term growth from uncompetitive policies.
Openfund Facts and Figures – June 2014The Openfund
Jeremie Openfund II is a €11.7 million pre-seed and seed stage venture fund that has made 12 investments so far out of around 800 applications received, accepting 1.5% of startups. The portfolio companies operate in a wide range of software sectors and are at various stages of maturity, with 5/12 having a prototype, 4/12 having traction, and 2/12 having revenues already. On average, pre-seed investments are €106k and seed investments are €302k. Most founding teams have 2-3 founders, which is recommended. The portfolio has created 82 jobs so far and aims to help companies turn ideas into products and businesses that can impact millions of users.
The document provides a template for a business plan with sections on the executive summary, concept, team, product, market, competition, business model, schedule, and funding.
The executive summary section advises writing the summary twice - once at the start and once at the end of drafting the plan. It should be short, under a page, and address the concept's vision and opportunity, the appropriate team, the innovative product and business model, and short-term goals.
The concept section describes the problem being addressed, existing solutions and their limitations, and the innovation being brought to market. The team section introduces members and their roles, and why they are suited to the task. The product section provides extensive details on
We are happy to share a template of the term sheet for pre-seed and seed financing that Openfund will be offering to entrepreneurs. This template shall not be treated as cast in stone, but rather as indicative of what founders shall generally expect from an Openfund offer, while each deal remains different.
Seed Capital in Practice - A Guide for You to Start-upThe Openfund
This document provides information about seed funding from the Openfund startup incubator. It discusses how the Openfund was created to address gaps in early-stage funding and advisory support for entrepreneurs. The document outlines the Openfund's application process, which involves an online submission, interview, and in-person presentation. Selected startups will receive funding of 30-50k Euros in exchange for 15% equity to help them launch and grow during a 4-month incubation period with mentorship support.
Seed Capital in Practice - A Guide for You to Start-upThe Openfund
A short intro to the Openfund, next to some tips for aspiring entrepreneurs on how to apply, and Sportmeets as a case. Presented at the WebExpo Prague, Friday September 24.
WYS vs WYG, or What entrepreneurs believe and write versus what investors read and understand when reading applications in structures like the Openfund. A guide to read before you apply.
The document discusses plans to create an "open fund" startup incubator in Greece to address issues with the local startup ecosystem. It notes brainpower and community exist, but funding and advisory support are lacking. The open fund will select top startup teams, provide mentoring and resources over 4 months, and invest 25-35k Euros for 15% equity in each. The goal is to help Greek startups succeed globally by putting all necessary pieces together in one program.
The document outlines a plan to help startups in Greece by providing brainpower, community, funding, and advisory support. It discusses launching an "open fund" incubator program modeled after successful incubators. The program would select up to 5 startup teams every 4 months, providing hands-on mentoring, networking opportunities, and 20-30k Euro in funding in exchange for 20% equity stakes to help the teams succeed globally. An extensive network of international advisors across technology, business, and investing would be available to support the participating startups.
bangalore metro routes, stations, timingsnarinav14
Bangalore Metro, also known as Namma Metro, is a rapid transit system serving the city of Bangalore, Karnataka, India. It is the second longest operational metro network in India after the Delhi Metro.
How do I plan a Kilimanjaro Climb?
Planning to climb Mount Kilimanjaro is an exciting yet detailed process. Here’s a step-by-step guide to help you prepare for this incredible adventure.
Ibiza, situated in the Balearic Islands, stands out as a destination that encompasses everything: stunning landscapes, hidden gems to explore, a vibrant social scene, rich cultural life, and exceptional gastronomy. Opting for ‘Ibiza Rent A Boat’ to experience an unforgettable vacation on the White Island is certainly worthwhile, prompting a deeper exploration of the unique and fascinating aspects of Ibiza.
Wayanad-The-Touristry-Heaven to the tour.pptxcosmo-soil
Wayanad, nestled in Kerala's Western Ghats, is a lush paradise renowned for its scenic landscapes, rich biodiversity, and cultural heritage. From trekking Chembra Peak to exploring ancient Edakkal Caves, Wayanad offers thrilling adventures and serene experiences. Its vibrant economy, driven by agriculture and tourism, highlights a harmonious blend of nature, tradition, and modernity.
How To Change Your Name On American Airlines Aadvantage.pptxedqour001namechange
American Airlines permits passengers to change/correct names on their AAdvantage account. Also, you can request a name change both online via a web portal and offline over the phone. For further information on how to change your name on American Airlines Advantage, get in touch with the airline’s customer service. Also, you can reach out to a consolidation desk at +1-866-738-0741 for quick assistance.
Nature of the task 1. write a paragraph about your trip to dubai and what ar...solutionaia
1. write a paragraph about your trip to dubai and what are the facts responsible for the heavy rainfall in dubai that caused havec ?
2. mention any five major tourist attaction of dubai
Mathematics: a student a visit her family her father converted Rs. 1,15,000 inr currency for dubai airport theexpedite in the trip is given below
1. Curreny name of India and dubai
2. Conversions amount
3. Total Converted amount
4. cost of food
5. cost of sightseeing
6. cost of shoping
7. cost of saving
Prepare for cold weather rafting with proper gear: layering for warmth, insulated headgear, gloves, waterproof footwear, and essential accessories like sunglasses and sunscreen. Prioritize safety with a life jacket and maintain gear for optimal performance. Stay warm, dry, and ready for adventure on the rapids!
What Outdoor Adventures Await Young Adults in Montreal's Surrounding NatureSpade & Palacio Tours
Experience Montreal's vibrant culture and thrilling outdoor adventures. From hiking scenic trails at Mont-Saint-Bruno to kayaking the Saint Lawrence River, there's something for every adventurous young adult. Explore street art, camp under the stars, and immerse yourself in nature's beauty just beyond the city's bustling streets.
Explore Architectural Wonders and Vibrant Culture With Naples ToursNaples Tours
Discover the historical gems and vivid culture of Naples with our guided tours. From the vivid narrow streets of Spaccanapoli to the ancient ruins of Pompeii, the city offers a mixed bag of adventurous experiences. Book your tickets today https://www.naples.tours/ and experience the best of Naples!
Golden Gate Bridge: Magnificent Architecture in San Francisco | CIO Women Mag...CIOWomenMagazine
The famous suspension bridge connects the city of San Francisco to Marin County in California. Golden Gate Bridge carries both U.S. Route 101 and California State Route 1 across the strait and is about one mile wide. In this article, we will explore the history and significance that have shaped the iconic monument it is known as today.
Our excursions in tahiti offer stunning lagoon tours, vibrant marine life encounters, and cultural experiences. We ensure unforgettable adventures amidst breathtaking landscapes and serene waters. For more information, mail us at tracey@uniquetahiti.com.
The Ultimate Travel Guide to Hawaii Island Hopping in 2024adventuressabifn
island hopping in Hawaii. This magical place offers a number of experiences, as each island has its own charm. Do you love adventure? Then, hike through volcanoes or kayak along an amazing coastline. If you want relaxation, then Hawaii is perfect because it has the most amazing beaches. In this blog, I will help you make an itinerary for your Hawaii Island Hopping. Every island offers something special. The Big Island offers some of the most perfect volcanoes as well as stargazing. Maui will pamper you with beaches and luxury. Kauai has some of the most lush rainforests with dramatic cliffs, and Oahu can offer a taste of city life and historical significance.
You can easily change/correct a name on your flight ticket under the American Airlines name change policy. The airline provides multiple online and offline modes to place a name change request. To learn more about how to change a name on American Airlines ticket, you can directly approach the airline’s customer support. Moreover, you can connect with a flight expert at +1-866-738-0741 for quick assistance.
Discovering Egypt A Step-by-Step Guide to Planning Your Trip.pptImperial Egypt
Travelling to Egypt is like stepping into a time capsule where the past and present coexist, offering a unique blend of history, culture, and stunning landscapes.
See more: https://imperialegypt.com/tour-packages/
Un viaje a Buenos Aires y sus alrededoresJudy Hochberg
A travelogue of my recent trip to Argentina, most to Buenos Aires, but including excursion to Iguazú waterfalls, Tigre, and Colonia del Sacramento in Uruguay
What Challenges Await Beginners in SnowshoeingSnowshoe Tahoe
Discover the exhilarating world of snowshoeing through our presentation, highlighting the challenges faced by beginners. From physical exertion to technical finesse and braving harsh winter conditions, each step in the snow brings new obstacles and unforgettable adventures. Embrace the challenge and conquer the winter wonderland with confidence!
1. Α Microfund targeting Emerging tech and
the Web in Greece and Southeastern Europe
www.theopenfund.com
2. The Vision
Create an ecosystem that will promote high tech entrepreneurship
(business + technology) and will yield high returns to all participants
Entrepreneurs
Network of Advisors
Executive
Board
Investors
3. The First step
Invest and foster the most promising startups
Open call for proposals
Selection of the best ideas or prototypes
(up to 5 for every round)
Fund and incubate the most promising
(20k-30k€)
Provide advice and guidance until the exit
5. Executive Board Team
Managing Directors
• Georgios Kasselakis, Entrepreneur, Organizer Thessaloniki Open Coffee
– Operations
• George Tziralis, Co-Founder & CEO, AskMarkets, Principal Organizer of Athens
Open Coffee
– Overall Management / Operations
Board Members
• Apostolos Apostolakis, Co-founder and CFO, e-shop.gr, Athens
• Dimitris Athanasiadis, Entrepreneur, Co-Organizer of Athens Open Coffee
– Operations
• Onic Palandjian, Investment Director at Capital Connect Venture Managers SA,
Athens
• Sokratis Papafloratos, Co-founder and CEO, trustedplaces.com, London
• Spiros Xanthos, Co-founder and VP of Engineering, Pattern Insight, Mountain
View CA
• Teresa Farmaki, Head of Private Equity & Operating CEO, Piraeus Bank &
Pireaus-TANEO clean tech fund
6. Advisors (so far)
A strong network of advisors has been formed
(and growing) to help the funded companies
• Startup advisors
– Tasso Argyros, Co-Founder & CTO, Aster Data Systems
• Raised more than $25 million of funding in 3 years
– Apostolos Apostolakis, Co-Founder & CFO e-shop.gr
• Grew e-shop.gr to more than 120 millions of revenue
– Sokratis Papafloratos, Co-founder and CEO, trustedplaces.com, London
– Andy McLoughlin, Co-founder and Product Director, Huddle.com
– Spiros Xanthos, Co-Founder & VP of Engineering, Pattern Insight
• Turned university technology to a successful startup
• Technology advisors
– Haris Ermopoulos, Software Engineer for Google File System
– Panos Ipeirotis, Associate Professor CS at Stern Biz School NYU
– Georgios Kasselakis, Entrepreneur, Organizer Thessaloniki Open Coffee
– Patrick Malone, CTO Microsoft Hellas
• MS is also a sponsor
7. Advisors (so far)
• Investor Community
– Franceso Benincasa, Director at Ultimate Holdings
• Networking in the UK
– Aristos Doxiadis, Managing Director Notos Associates
– Onic Paladjian, Director at Capital Connect Ventures
• Founded several successful startups in the past himself
• Sales and management
– John R. Lovitt, Investor, former SVP at IBM/Rational
• Interested in investing
– Yiannis Methodios, Ex-CEO (Greece), Accenture
– George Saliaris Fasseas, Country Manager (Greece), Google
– Christos Tsangos, CEO (Greece) Microsoft
– Ioannis Vasilaras, Ex-CEO, Infote
• Accounting and legal
– Andreas Akavalos, Ex-CEO (Greece), PriceWaterhouseCoopers
8. Advisors (so far)
• PR, Marketing, New Media
– Petros Katsampouris, CEO, Vivechrom
– George Tziralis, Organizer of Open Coffee Greece
• Grew Open Coffee GR from 0 to more than 300 people per event
10. Necessary Preconditions Exist
• Education
– 1.7% of the population holding Masters’ degrees &
PhDs (among the highest in Europe)
– Highest per capita number (in Europe) of people
who study abroad (and want to return to Greece)
• Community & Entrepreneurial Momentum
– Open Coffee attracts ~300 participants per month
in two cities. Proportional count for 4 more cities.
– “Innovation 2006” competition from Otenet
attracted 2700 participants
11. Τίτλος άξονα
0,00%
1,00%
2,00%
3,00%
4,00%
6,00%
7,00%
5,00%
Lithuania
Latvia
Greece
Finland
United States
Poland
Slovenia
Estonia
Iceland
Sweden
Norway
Hungary
Denmark
Ireland
Spain
Romania
United Kingdom
Belgium
Slovakia
Netherlands
Source: Eurostat
Portugal
France
Italy
Turkey
Czech Republic
Bulgaria
% population in Higher & Highest Education
Japan
Untapped Potential
Croatia
Austria
Germany
Switzerland
Cyprus
FYROM
Albania
Malta
Liechtenstein
Luxembourg (Grand-…
12. Availability of Funding
Western Europe & World
Availability
Seed funding Public companies Buyout
13. Availability of Funding
Greece & SE Europe
Availability
Seed stage funding is
nonexistent today in
Greece and SE Europe
Seed funding Public companies Buyout
14. Distribution of Funding
Stage Greece (‘07) Europe (‘07)
Early 0 €3.35 B
↓ 1.2x
Development €52 M €3.9 B
↓ 2x ↓ 2.5x
VC €102 M €10 B
↓52x ↓ 6x
Buyout €5.4 B €60 B
Source: Private Equity Activity Survey 2008, European PE and VC Association
15. Seed funding (% GDP)
United Kingdom 0,224
Sweden 0,058
EU 0,053
Israel 0,040
Portugal 0,039
United States 0,035
France 0,030
Finland 0,027
Spain 0,027
Switzerland 0,024
Iceland 0,024
Ireland 0,015
Denmark 0,015
Norway 0,013
Netherlands 0,012
Belgium 0,012
Germany 0,011
Hungary 0,005
Romania 0,004
Austria 0,003
Italy 0,002
Greece 0,002
Poland 0,001
Slovakia 0,001
Latvia 0,000
Czech Republic 0,000
0,000 0,020 0,040 0,060 0,080 0,100 0,120 0,140 0,160 0,180 0,200 0,220 0,240
16. Privileged access to the startup ecosystem in Greece
• More than 40 events
– Held hands with every single related event in Greece
• 2500+ total attendants
• 132 presentations
• 0 budget
• Guest speakers, including:
– J. Calacanis (Blogs inc)
– K. Mitsotakis (Former VC, Member of the Greek parliament)
– A. Diamantopoulou (EU Commissioner, Shadow minister of
Development)
– V. Makios (Corallia, semiconductor companies incubator)
– 10s more
18. Structure
Connect entrepreneurs and investors, provide all that is
needed to start, grow and sell successful ventures
OPENFUND
Executive Board
Entrepreneurs
Investors
Network of Advisors
19. Find the Best Entrepreneurs
• We have almost set-up from scratch an
entrepreneurial ecosystem (open coffee)
• Now we are looking for the best and brightest,
to set-up the most capable of teams and
invest themselves exclusively for 4 months
• To build and launch disrupting products
• The idea is just a start, team and execution is
of paramount importance
20. The Selection Process
• Three rounds of selection:
1. Online submission
2. In person interview
3. Presentation day (investors participate)
• Stake in up to 5 ventures / round
• 20-30K€ per investment for 20% equity
• Iterating, 4 month stages
21. Benefits for Entrepreneurs
• Mentoring & networking
– Leverage advice & connections from the best in the field,
tech & business
– Advice can be as useful as cash
• Funding
– Seed capital to cover all operational expenses for the 4-
month "incubation" period
• Smooth Start
– Create the company for them at no cost
– Handle all the legal / accounting issues, provide advise
• Grow
– Take direct advantage of the network to grow and raise
more money as needed
22. Targeted business models
We bring expertise on these models on board,
we are open to others too
• subscriptions (fixed/variable), freemium
• license, SaaS, white label
• marketplaces, ecommerce and open calls
• advertising, content re-purpose & affiliate sales
• hybrids of the above (micropayments, affiliate
advertising etc)
24. Benefits for Investors
Access to the best opportunities in SE Europe
• Open Coffee Greece is the ultimate
destination for new startups
• Micro funds (YCombinator, Techstarts, etc.),
have been very successful
– Nevertheless, closest to Greece is Seedcamp,
based in the UK
25. Benefits for Investors
Effortless diversification of the investments
• The OpenFund organizes everything (processes,
paperwork etc)
• Investors are involved as much (or as little) as
they want with the funded companies
– They do participate in the selection
• Diversify by participating in every company of a
round
• Extensive network of advisors and investors
multiplies chances for successful exit
26. Benefits for Investors
Social Impact and Extensive Promotion Opportunities
• Promote entrepreneurship in Greece & SE
Europe
– Funding and advising is what’s missing
– Access to a portfolio with the most promising
ventures in the region
• Open Coffee has been recognized by the media
for promoting entrepreneurship
– High profile successful entrepreneurs, executives
and politicians participated and want to help
27. Investment Approach: Funding 2.0
Evolution of technology:
Open Source, AWS, AppEngine, Azure,
Cloud Matrix, Ruby on Rails…
4-strong team of great individuals is enough to
create a disrupting product
Invest in on-line services Iterate and Improve
Aim for the global market
29. Investor concerns
• Minimum participation = 30.000€
• Amount is spread on all the companies of a
round, up to 5
• If sufficient for more than 1 round, it is used in
a predefined manner over rounds
• Example: 30.000€ gives a 2.4% stake in 5
companies
• Remember: a success for our startups is to sell
or have profit of x-times over the seed amount
30. Investor rights
• Tag along for all investors of each company
• Right of first refusal for all investors of each
company
• No drag along
• Some rights are arbitrated by the Executive
Board when many investors are
participating*
31. Breakeven Analysis
200K € average exit for Investors to break even,
beyond that, it’s Profit
5 Companies (Single Round) Exit/Profit
2000
1795
1500
Profit (in 1000s)
1000
Profit
500
355
0
-125
0 100 200 400 800 1600 3200
-500
Average Exit (in 1000s)
32. Past cases
• Goal achievable according to experience from similar ventures
(YCombinator, SeedCamp, TechStars)
• SeedCamp
– 6 & 7 companies in 2007-8
– 30% of the companies had 2nd round valuated at minimum $1M
• TechStars
– 19 companies in 2 years, 40% were sold
– $6.9M for SocialThing.com
– IntenseDebate sold to Wordpress.com (undisclosed $>10M)
– $.8M average 2nd round of funding for the rest
• YCombinator
– 80 companies in 4 years
– 2nd rounds include: Xobni $5.2M, Loopt $12M,
Justin.tv $2M, Scribd $3.7+9M
– Sales include Omnisio $15M, Auctomatic $5M, Reddit $>10M
33. Fundraising
• Looking to raise funding for 5 consecutive
rounds
• Up to 150.000 € / round
• 750.000 € total
• Minimum Investor Participation: 30K €