Post on 18-Nov-2014
description
- 1 -
Digital Entrepreneurship as an opportunity for Greece
Apostolos Apostolakis
2nd Annual conference
April 22nd 2013
- 2 -
APOSTOLOS: STARTUPS AS A WAY OF LIFE
1998 Cofounder e-shop.gr
2009 Cofounder Openfund.com
2011 Seed investor, advisor Taxibeat.com
2012 Cofounder e-food.gr
2012 Cofounder doctoranytime.gr
- 3 -
Circumstances in Greece
Result: digital entrepreneurship tsunami
Opportunities
- 4 -
INTERNET SERVICES ADOPTION LAGGED…
2000 2002 2004 2006 2010 2012
online travel
Computer etailing
car listings
clothing/ shoes etailing
House listings
Online banking
Social networks
Online insuranceJob
listings
Year of adoption in Greece
- 5 -
…WITH STILL ROOM FOR DISRUPTION
Full doctor profile review and online appointment booking not possible before July 2012
Online delivery-food ordering was possible only by the end of 2011
- 6 -
INTERNET VENTURES HAVE LOWER CAPITAL REQUIREMENTS…
•Low product development cost
•Efficient marketing
•Disruptive enjoy virality /social marketing
•Appeal to a larger market
- 7 -
…EVEN MORE SO IN GREECE
18 months and 1 million euro funding•40,000 rides per month in Greece
•30,000 rides per month in Brazil
•Recently launched in Paris
•Lower IT wages
•Lower rents
•Startups in Greece are used to lack of support
Case study
- 8 -
…AND OFFER FAST BUSINESS DEPLOYMENT
Within 10 months
•1600 available doctors
•books 1000 appointments per month
Within 16 months
•700 restaurants
•3 cities
•receives 800 orders per day
- 9 -
GREEK CRISIS:AMPLE TALENT OPEN TO NEW EMPLOYMENT OPPORTUNITIES
- 10 -
CIRCUMSTANCES HELP BUILD UP A WAVE
- 11 -
Until 2007 no recurrent technology meetup in Greece
Until 2009 no seed investing fund in Greece
THINGS STARTED JUST A FEW YEARS AGO
- 12 -
MANY MAJOR STARTUPS HAVE LAUNCHED IN THE LAST 2 YEARS
Raised 1,85 million USD funding, active in more than 10 countries
Profitable startup with main revenue from international clients
2 seed round total 400K Traction in Greece Brazil and Spain
Raised more than 5 million euro funding for Greek operations
- 13 -
AND THEN EVEN MORE …
167 STARTUPS MAPPED @Greekstartups.com
- 14 -
WE ARE JUST IN THE BEGINING..
MANY SUCCESS STORIES, NO MAJOR EXIT YET
- 15 -
- 16 -
OPPORTUNITY FOR ENTREPRENEURS: LAUNCH OR WORK FOR DISRUPTIVE PROJECTS
- 17 -
Co-working spaces
Accelerators/Incubators/Advisors
MANY AVAILABLE RESOURSES
- 18 -
FUNDING IS EASIER…
Angel investors
- 19 -
…BUT DOESN’T KEEP-UP WITH DEMAND
SO PUSH THE BUTTON
- 20 -
WHICH CREATES AN OPPORTUNITY FOR INVESTORS
Very appealing financial returns
Pride for participating in a disruptive investment
Social responsibility
- 21 -
OPPORTUNITY FOR GREECE
HIGHER EMPLOYMENT-EXPORTS -COMPETITIVENESS
- 22 -
THANK YOU
APOSTOLOS APOSTOLAKIS