A short intro to the Openfund, a seed capital fund, focusing on high tech start-ups in south eastern Europe

1. Putting the pieces together

2. who are we

3. George Tziralis
entrepreneur,
open coffee, GR
initiator & principal organiser
of Open Coffee Athens

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

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

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

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

8. Yannis
Dosios
VP marketing,
smilebox,
WA, US
raised $12M, ex-Senior
Product Manager at MS

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

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

11. what we do

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

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

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

15. “incubate”
•pick up to 7 start-ups
•extensively support in
all things start-up
•for a 4-month period
•iterate

16. offer
•hands-on mentoring,
day-to-day, no interfering
•networking, globally
•30-50k€ for 15% of
shares
•smooth start & grow

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

18. commitment
•by sharing the stakes
•85%, entrepreneurs
•10%, investors
•5%, open fund

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

20. schedule
•calls for proposals open
every 4 months
•4 companies already
incubated
•check our blog for more

21. www.theopenfund.com