Openfund Introduction
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The document outlines the mission and structure of Open Coffee, an initiative aimed at supporting startup entrepreneurs through mentoring and funding. It features biographies of key individuals involved and details a 4-month incubation program that provides hands-on support, networking, and financial investment for selected startups. The initiative seeks globally innovative teams with disruptive business models, leveraging a successful mentoring model inspired by established programs like Y Combinator and Techstars.
Openfund Introduction
- 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