1. George Tziralis June 13, 2014 facts and figures

2. Whereabouts Jeremie Openfund II, set up in Dec 12 initially 10m, now 11.7m EIF & 12 private investors 3. Strategy pre-seed, 50-150k build a product and some traction seed, 300-500k from validation to growth 4. Applications ~800 in total so far 12 investments made 1.5% acceptance rate 5. Maturity 5/12 with a prototype 4/12 with traction 2/12 with revenues 7/12 had none! 6. Portfolio 7. Everything software marketplaces, saas, mobile, consumer, enterprise, travel, recruitment, recommendations, storage, gaming, security, reservations, music, wearables, retail, coupons, infrastructure 8. Stage 10 pre-seed / 6 seed (incl. followups) avg pre-seed: 106k* avg seed: 302k* * fund's participation 9. Founding teams 4 of a single founder 5 of two founders 3 of three founders recommended: two founders 10. Co-investors 23 co-investors in portfolio companies 20 angels, 3 funds 13 GR based 11. Employees 82 employees across the portfolio building special products accumulating unique experience having an impact on the world 12. Creating value for hundreds of enterprises thousands of clients millions of users 13. Mission Complement founders with whatever they require to turn: ideas into products, products into businesses & businesses into successful companies 14. Takeaways The world is flat; you can go a really long way Ecosystem matures in all fronts; yet it takes time Work hard and enjoy the ride 15. gt@theopenfund.com Thank you flickr credits: modern_nomad, olibac, kitsu, shedboy, mountainbread, txmx-2, andrew_ashton, eschipul, nasamarshall, klearchos