Venture friends at Open Coffee Athens LXXIX

February26,2016

#hello

VentureFriends:Invest,Help,GrowOpenCoffee Athens

Apostolos ApostolakisGeorgeDimopoulosStefanos Katsimpas

TheVentureFriends team

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Serialentrepreneurturnedinvestor

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§ 2 years with Boston Consulting Group

§ Co-founder e-shop.gr, OpenFund, e-food.gr, doctoranytime.gr key investor and member of the board in Taxibeat

§ Angel investor 40+ startups focus on e-marketplaces, e-commerce and SaaS

§ Civil engineering at NTUA and MBA from Columbia Business School

Apostolos

Investmentbankerturnedinvestor

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§ 4 years with Bank of America Merrill Lynch in London

§ Deal structuring experience in numerous transactions with total valuation of c. €17bn across multiple geographies

§ Angel investor with more than 10 investments including Taxibeat

§ MBA from Columbia Business School

George

Startuper turnedinvestor

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§ Tech guy with passion for digital marketing

§ Has a 2 time startup experience with Goodbyte and teamup

§ Marketing [email protected]

§ Has supported startups on marketing and product in Greece and US.

§ Studied Physics at EKPA

Stefanos

`

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WhyVFisrelevant?

§ VFraised€12mfrom23privateinvestors

§ €4mdeployedortobedeployedin9companieswithinH12016

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4Whatwevalue

4Whatwelookfor

4Whatwebring

Ourvisionistohelpcreateinternationalchampions…

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…andenhancethestartupecosysteminGreecebyconnectingandsharing

Wearedrivenbyacommonmission…

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WewanttohelpGreekFounders andputGreeceonthemapofGlobalSuccessfulStartups

…andasenseofurgency

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Wearebehind ornear theother

peripheralEuropeanecosystems

Thereisnotimetowaste;weneedtotakeactionASAP

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4Whatwevalue

4Whatwelookfor

4Whatwebring

Butmostimportantlyyouneedtohavethedrivetocreateaninternationalsuccesswithnetrevenue€10min5Years

Greatanddrivenfounders

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Product

Engineering

Business

Youneedtobeverygoodoverallor….decentoveralland

Amazing insomething

Thereisadirectcorrelationbetweentherevenuepotentialofstartupandcorrespondingeffortsrequiredtoachievethescale

Hardwork,determinationandpersistence

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Effortrequired(capital,resources,stress)

€0.5mil

RevenuePotential

Low

High

High

RevenuePotentialvs.EffortRequired

a

Big Ideas

Ideasthatsolvetangiblebutbigproblems

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SaaSMarketplaces

We don’t mind if these are problems that have been solved elsewhere

TalktoVCifyouareafterastartupthatcanhave10M+revenuein5years

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Investor Type Revenuepotentialcutoff

Family 0<

Friends/ Individual Investors 1,000,000<

Angels 5,000,000<

National Venturecapital 10,000,000 <

InternationalVentureCapital 30,000,000<

“It’salmostalwayshardertoraisecapitalthanyouthoughtitwouldbe,anditalwaystakeslonger.Soplanforthat.” – RichardHarroch,VCandAuthor

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4Whatwevalue

4Whatwelookfor

4Whatwebring

Weunderstandinternetbusinessandentrepreneurialhardships

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Weofferourrelentlesssupporttoourfounders

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Wearefightersandworkhard

Wecreatemarketingsynergies

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Wedobusinessdevelopmentandconnectsuccessfulstartups

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Wecanhelpinternationally

Ourinternationalfootprintacross14countriescomesalsowithaccesstolocalplayers/founders

Wewillshareourlearningsandbestpractices

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Weareopentoco-investingwithAngelsandotherGreekFunds

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Therewillberoadblocks,guaranteed…butyouwillovercomethem

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Success

Time

Temporarylowpoints/fails

“Ifyouaregoingthroughhell,keepgoing.” –WinstonChurchill,BritishPrimeMinister

Andfinally…

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