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Putting the pieces together

Openfund Introduction

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

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Page 1: Openfund Introduction

Putting the pieces together

Page 2: Openfund Introduction

who are we

Page 3: Openfund Introduction

George Tziralisentrepreneur, open coffee, GR

initiator & principal organiser of Open Coffee Athens

Page 4: Openfund Introduction

George Kasselakisentrepreneur, open coffee, GR

principal organiser of Open Coffee Thessaloniki

Page 5: Openfund Introduction

Dimitris Athanasiadisentrepreneur, open coffee, GR

the think-tank behind the endeavor, PhD & editor among others

Page 6: Openfund Introduction

Spiros Xanthosentrepreneur, pattern insight, CA

raised $5M & counting, now CTO

Page 7: Openfund Introduction

Apostolos Apostolakisentrepreneur, e-shop, GR

e-shop.gr made a turnover of 120M € in 2008 alone

Page 8: Openfund Introduction

Yannis DosiosVP marketing, smilebox, WA, USraised $12M, ex-Senior Product Manager at MS

Page 9: Openfund Introduction

Teresa Farmakiventure capitalist, piraeus bank, GR

set up the Piraeus VC fund from scratch, now head of Private Equity

Page 10: Openfund Introduction

•an extensive list•on technology,

management, sales, marketing, plus more

•exceptional people from around the world

advisors

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what we do

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•find the best and brightest teams

•help them build globally aimed start-ups

•make them succeed

goal

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•stellar teams

•globally innovative ideas, still at seed level

•disruptive biz models

•in and around software and the web

looking for

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•open to everyone (teams of 2-4)

•online submission,

•in person interview &

•presentation day

call for proposals

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•pick up to 7 start-ups

•extensively support in all things start-up

•for a 4-month period

•iterate

“incubate”

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•hands-on mentoring, day-to-day, no interfering

•networking, globally

•30-50k€ for 15% of shares

•smooth start & grow

offer

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•quit everything else

•focus on your skills, team & idea

•don’t waste time on unproductive activities

•make it happen

all you need to

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•by sharing the stakes

•85%, entrepreneurs

•10%, investors

•5%, open fund

commitment

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•no, model tested before

•YCombinator, Seedcamp, Techstars...

•it works!

•& it’s what’s missing here

re-invent the wheel?

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•calls for proposals open every 4 months

•4 companies already incubated

•check our blog for more

schedule

Page 21: Openfund Introduction

www.theopenfund.com