Open Fund presentation at Open Coffee

Putting the pieces together

2 years ago

40 events, in 6 cities

4

130 speeches, 100s of participants

we came a long way

community-wise

still, the ecosystem is broken

how can we get there?

•brainpower

•community

•funding

•advisory

to start-up, you need

•1.7% of greeks holding MSc or PhD

•#1 in EU regarding people studying abroad

•top in availability of scientists and engineers

brainpower

•brainpower

•community

•funding

•advisory

to start-up, you need

✓ brainpower

•community

•funding

•advisory

to start-up, you need

✓ brainpower

•community

•funding

•advisory

to start-up, you need

start-ups @ OC

•they exist

•able to succeed

•interest is huge

•potential is even bigger

✓ brainpower

•community

•funding

•advisory

to start-up, you need

✓ brainpower✓ community

•funding

•advisory

to start-up, you need

✓ brainpower✓ community

•funding

•advisory

to start-up, you need

•lots of traction lately

•a number of new funds

•significant capital available

•yet, no liquidity. why?

venture capital

funding, worldwideav

aila

bilit

y

seed VC rounds public

funding, in greeceav

aila

bilit

y

seed VC rounds public

0high-tech, early stage

investments in GR, 2007 (in €, EVCA)

•no angel / early stage

•risk averse

•lack of knowledge in the tech field

•no relevant network

venture capital

✓ brainpower✓ community

•funding

•advisory

to start-up, you need

✓ brainpower✓ community

- funding

•advisory

to start-up, you need

✓ brainpower✓ community

- funding

•advisory

to start-up, you need

•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

advisory

✓ brainpower✓ community

- funding

•advisory

to start-up, you need

✓ brainpower✓ community

- funding

- advisory

to start-up, you need

•the system is broken, start-ups are few

•but solutions exist

•we are here to put the pieces together

so?

who are we

George Tziralisentrepreneur, open coffee, GR

George Kasselakisentrepreneur, open coffee, GR

Dimitris Athanasiadisentrepreneur, open coffee, GR

Onic Palandjanventure capitalist, capital connect, GR

Spiros Xanthosentrepreneur, pattern insight, CA

Apostolos Apostolakisentrepreneur, e-shop, GR

Sokratis Papafloratosentrepreneur, trusted places, UK

Teresa Farmakiventure capitalist, piraeus bank, GR

•an extensive list•on technology,

management, sales, marketing, plus more

•exceptional people from around the world

advisors

•Tasso Argyros- CTO & co-founder, Aster Data

Systems, CA

•Francesco Benincasa- Director, Ultimate Holdings, UK

•Aristos Doxiadis- Managing Director, Notos

Associate, Greece

some of the advisors

•Andrew Hyde- Entrepreneur, Techstars

•Panos Ipeirotis- Associate Professor, Stern

School of Business NYU, NY

•John Lovitt- Investor, former SVP Rational/

IBM, CA

some of the advisors

•Ioannis Methodios- x-CEO, Accenture, Greece

•George Saliaris-Fasseas- Country Manager, Google,

Greece

•Christos Tsangos- CEO, Microsoft, Greece

some of the advisors

what we do

•find the best and brightest teams

•help them build globally aimed start-ups

•make them succeed

goal

•stellar teams

•globally innovative ideas, still at seed level

•disruptive biz models

•in and around software and the web

looking for

•open to everyone (teams of 2-4)

•online submission,

•in person interview &

•presentation day

call for proposals

•pick up to 5 start-ups

•extensively support in all things start-up

•for a 4-month period

•iterate

“incubate”

•hands-on mentoring, day-to-day, no interfering

•networking, globally

•20-30k€ for 20% of shares

•smooth start & grow

offer

•quit everything else

•focus on your skills, team & idea

•don’t waste time on unproductive activities

•make it happen

all you need to

•by sharing the stakes

•80%, entrepreneurs

•12%, investors

•8%, open fund

commitment

•open for everyone interested

•minimum investment 30k€, “hassle-free”

•providing equal shares to all start-ups of a round

call for investors

•no, model tested before

•YCombinator, Seedcamp, Techstars...

•it works!

•& it’s what’s missing here

re-invent the wheel?

•call opens in late June

•closes in Sep 30

•review & selection in mid Nov

•incubation starts Dec 1

schedule

•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