1. Putting the pieces together

2. 2 years ago

3. 40 events,
in 6 cities

4. 130 speeches,
100s of participants
!

5. we came a long way
y-w ise
unit
c omm

6. still,
the ecosystem is broken

7. how can we
get 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, worldwide
availability
seed VC rounds public

19. funding, in greece
availability
seed VC rounds public

20. 0
high-tech, early stage
investments 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 Tziralis
entrepreneur,
open coffee, GR

32. George Kasselakis
entrepreneur,
open coffee, GR

33. Dimitris
Athanasiadis
entrepreneur,
open coffee, GR

34. Onic Palandjan
venture capitalist,
capital connect, GR

35. Spiros Xanthos
entrepreneur, pattern
insight, CA

36. Apostolos Apostolakis
entrepreneur, e-shop, GR

37. Sokratis Papafloratos
entrepreneur, trusted places,
UK

38. Teresa Farmaki
venture 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 5 start-ups

52. offer to investors
•amortized investment
•breaks even if 1 start-
up gets a valuation of 1M
•right next is profit

53. re-invent the wheel?
•no, model tested before
•YCombinator,
Seedcamp, Techstars...
•it works!
•& it’s what’s missing
here

54. schedule
•call opens in late June
•closes in Sep 30
•review & selection in
mid Nov
•incubation starts Dec 1

55. •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

56. www.theopenfund.com