1. Putting the pieces together

2. It all
started in June 07,
with the inaugurative
Open Coffee Athens
meeting
2 years ago

3. Since then, the
network has grown
40 events,
really strong
in 6 cities

4. 130 speeches,
100s of participants
& the interest on
entrepreneurship has
skyrocketed
4

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
initiator & principal organiser
of Open Coffee Athens

32. George Kasselakis
entrepreneur,
open coffee, GR
principal organiser of Open
Coffee Thessaloniki

33. Dimitris
Athanasiadis
entrepreneur,
open coffee, GR
the think-tank behind the endeavor,
PhD & editor among others

34. raised $5M
& counting, now CTO
Spiros Xanthos
entrepreneur, pattern
insight, CA

35. e-shop.gr made a turnover
of 120M € in 2008 alone
Apostolos Apostolakis
entrepreneur, e-shop, GR

36. Teresa Farmaki
venture capitalist,
piraeus bank, GR
set up the Piraeus VC fund from
scratch, now head of Private Equity

37. Yannis
Dosios
VP marketing,
smilebox,
WA, US
x-Senior Product Manager at MS,
now setting up smilebox EU

38. advisors
•an extensive list
•on technology,
management, sales,
marketing, plus more
• exceptional people from
around the world

39. 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

40. 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

41. some of the advisors
•Ioannis Methodios
- x-CEO, Accenture, Greece
•GeorgeManager, Google,
- Country
Saliaris-Fasseas
Greece
•Christos Tsangos
- CEO, Microsoft, Greece

42. what we do

43. goal
•find the best and
brightest teams
•help them build globally
aimed start-ups
•make them succeed

44. looking for
•stellar teams
•globally innovative
ideas, still at seed level
•disruptive biz models
•in and around software
and the web

45. call for proposals
•open to everyone
(teams of 2-4)
•online submission,
•in person interview &
•presentation day

46. “incubate”
•pick up to 5 start-ups
•extensively support in
all things start-up
•for a 4-month period
•iterate

47. offer
•hands-on mentoring,
day-to-day, no interfering
•networking, globally
•20-30k€ for 20% of
shares
•smooth start & grow

48. all you need to
•quit everything else
•focus on your skills,
team & idea
•don’t waste time on
unproductive activities
•make it happen

49. commitment
•by sharing the stakes
•80%, entrepreneurs
•12%, investors
•8%, open fund

50. call for investors
•open for everyone
interested
•minimum investment
30k€, “hassle-free”
•providing equal shares
to all start-ups of a round

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

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

53. •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

54. www.theopenfund.com