2. ¡ A NEW, DIRECT INSURANCE COMPANY IN GREECE.
¡ “CHANGING THE GREEK INSURANCE MARKET, ONE POLICY AT A TIME”.
¡ WE ARE HIGHLY SPECIALISED.
¡ WE LIVE AND BREATHE TECHNOLOGY.
¡ WE LOVE NUMBERS.
¡ WE SERVICE THE CONSUMER, NOT THE BROKER!
¡ 32 PEOPLE IN 3 COUNTRIES.
¡ A LONG JOURNEY: 3 YEARS FROM START TO OUR FIRST SALE.
¡ RAISED EUR 12M FROM A GROUP OF ANGEL INVESTORS.
HELLAS DIRECT: OUR STORY.
3. PRE-SEED SEED ROUND I
CUMULATIVECASHFLOW
ROUND II ROUND III ROUND IV
ANGELS
<EUR 100k EUR 500k-1m EUR 1-5m EUR 5-10m
8-10 YEARS
1/3
IPO
EUR 100-500k
‘VALLEY OF
DEATH”
xx
EARLY-STAGE LATE-STAGE
1/2 2/3 4/5
EXPANSION FOLLOW-ON
EUR 30-50m EUR 50m>
GROWTH
EUR 10-30m
BREAK
EVEN
START-UP
SURVIVAL
RATE
THE ‘WHAT THE FUCK’CHART OF THE DAY.
ENTREPRENEURS LIVE IN A REALITY DISTORTION FIELD.
4. WHY
GREECE?
A SCREWED UP COUNTRY:
GREECE IS RUN BY CROOKS
AND INCOMPETENT
POLITICIANS.
A RESET OPPORTUNITY:
GOING THROUGH A HUGE
TRANSFORMATION.
LARGE ENOUGH:
A MARKET OF 11M PEOPLE.
5. WHY CAR
INSURANCE?
OBLIGATORY BY LAW:
EUR 2BN MARKET SIZE.
LETHARGIC COMPETITION:
HIGH COSTS AND
INEFFICIENCIES.
MIDDLEMAN IS STILL KING:
OBSENE COMMISSIONS.
10. 99.56%
REJECTION
RATE.
THERE IS A HIGHER
CHANCE OF BETTING
ALL YOUR MONEY ON
BLACK IN A LAS VEGAS
ROULETTE AND
WINNING…
… 7 CONSECUTIVE
TIMES!
… AND THE ODDS WERE NOT ON OUR SIDE.
12. INVEST IN TECHNOLOGY.
ALGORITHMIC PRICING.
CLOSE TIES WITH
ACADEMIA.
KEEP INNOVATING:HIRE THE BEST:
INTELLIGENCE.
PASSION.
A DRIVE TO MAKE
THINGS BETTER.
GET LICENCED:
A YEAR OF PAPERWORK.
DETAILED BUSINESS
PLANNING.
LATEST EU
REGULATIONS.
THREE BASIC INGREDIENTS NEEDED.
18. FOUR ANGEL TYPES
THAT WILL
DEFINITELY MAKE
YOUR LIFE DIFFICULT.
COLLECTIVE OBSERVATIONS FROM DIFFERENT ENTREPRENEURS.
SHARED WITH LOVE, CARE AND LOTS OF TEARS.
20. THE
GOD .
CHARACTERISTICS:
IMPOSSIBLE TO PLEASE.
OPINIONATED.
SUPERIORITY COMPLEX.
DRIVEN BY:
PERSONAL GLORY.
WHAT’S THE WORST
THAT CAN HAPPEN?
NARCISTIC BEHAVIOUR.
INTRUSIVE.
CONSTANT CRITICISM.
B
23. TIP OF THE DAY:
TIME IS YOUR
MOST PRECIOUS
ASSET – DO NOT
WASTE IT.
IF SOMETHING DOES NOT
FEEL RIGHT WITH AN ANGEL
YOU MEET, GET THE HELL
OUT!
alexis.pantazis@hellasdirect.gr
emilios.markou@hellasdirect.gr
Thank !You!!