Introducing Openfund II, the original presentation that was delivered at Open Coffee Athens, Friday November 30

1. Int$oducing Openf0nd II
Your Startup Partner

2. 5 years ago, we started our own companies
and met up together at Open Coffee.

3. Our startups failed,
but a community was being created.

4. Most other local startups were failing
as well, for the very same reasons.

5. We tried to figure out a solution.

6. Openfund I
• We set up an exceptional team of 7
individuals and raised €500k
• We offered advice on all things startup
and €20-50k for 15% of equity
• We received 300+ proposals and
selected 8 teams to work with

7. Portfolio

8. Current Status

9. €2M
raised in follow-up funding

10. 55
current headcount

11. 2.2x
nominal returns, current estimate

12. Learnings
• Operations proved suboptimal
• Lack of follow on capital an issue

13. Enter Openf0nd II

14. Team
It took us two years, but here we are.

15. George Tziralis Georgios Kasselakis
Openfund I Founders

16. Nikkos Frangos Constantine Pateras
lifelong entrepreneurs & investors in a number
of industries with a background in shipping,
Openfund I investors

17. Aristos Doxiadis
pioneer of private equity in Greece
with 17 years of experience,
Openfund I advisor

18. Lead Investor
• European Investment Fund
• Public funds
• Investment, not subsidy

19. 11
private investors

20. 50
world class mentors

21. €10M
to be invested in...

22. You

23. Requirements
✓ Software enabled businesses
✓ International innovation
✓ Catering to international markets
✓ Based & incorporated in Greece

24. Two paths
• Pre-seed ("build a product")
• Seed ("build a business")

25. Pre-seed
• Reqs: strong founding team, a clear
product plan, prototype (optional)
• Offering: indicatively, €50k for 10%,
then another €50k for another 5%
• Targets: product-market fit, early
recurring revenues

26. Seed
• Reqs: product-market fit, solid recurring
revenues, clear growth plan
• Offering: €200-500k
• Targets: Series A ready, cash flow
positive

27. Process
• Application
• Business plan
• Presentation

28. Apply
• Seed always open
• Pre-seed CFP starts now, closes Jan 31

29. Mission
Complement founders with whatever
they require to turn:
• ideas into products,
• products into businesses &
• businesses into successful companies

30. flickr credits: proimos, seandreilinger, stevendepolo, cblue98, communityfriend,
eureka, edfilmfest, quinnanya, vsanderson, tejedoro_de_luz, pareerica, jannem,
olibac, chiotsrun, 19779889@N00, 58847482@N03, klearchos, nasamarshall