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Angel Investing,

Open coffee Oct 2013

Apostolos Apostolakis

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ENTREPRENEURIAL PATH

1998 Cofounder e-shop.gr

2009 Cofounder Openfund

2011 Cofounder e-food.gr

2012 Cofounder doctoranytime.gr

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ANGEL INVESTING PATH

2009

2011

2013

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AGENDA

Why an angel investor

What I look for/philosophy

Conclusions/ suggestions for entrepreneurs

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WHY INVEST? : I VIEW IT AS AN OPPORTUNITY TO LEARN, HELP AND PROFIT

Learn

Help

Profit

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WHY INVEST? : LEARN

From great people

From new business models

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WHY INVEST? : HELP/CONTRIBUTE

Entrepreneurs Society/Consumers

Hang out with people from

whom u can learn and who

will also learn from you

Provide a useful service

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WHY INVEST? : PROFIT

Financially Earn bragging rights

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INVESTING STARTED DUE TO AN IMPULSE

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CONTINUED IN A STRUCTURED APPROACH

RESULT:CAME UP WITH A CHECKBOX OF WHAT I SHOULD LOOK FOR

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AGENDA

Why an angel investor

What I look for/philosophy

Conclusions/ suggestions for entrepreneurs

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I LOOK FOR AN IDEA THAT SOLVES A BIG PROBLEM AND A GREAT TEAM

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A PROBLEM I UNDERSTAND AND CAN RELATE TO

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A REALISTICALLY ASSESED POTENTIAL

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GREAT TEAM IS THE MOST IMPORTANT PART

CAPABILITIES (evolving)

COMMITMENT (hunger for success )

VALUES (integrity, fairness)

OPENNESS (feedback)

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AGENDA

Why an angel investor

What I look for/philosophy

Conclusions/ suggestions for entrepreneurs

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GET IN THE OTHER PERSON’S SHOES

WOULD U INVEST YOUR MONEY IN YOUR IDEA?

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DO YOUR HOMEWORK…

Idea/ProductMarket size

Go to market plan

Operational needs + Capital needs

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… IT SHOWS RESPONSIBILITY TO YOURSELF AND YOUR LISTENER

Build credibility

Respect other people’s time

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ADVANCE YOUR IDEA TO PRODUCT ON YOUR OWN

Seek funding at the latest possible stage

Faith in your product Less dilution

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AS AN ENTREPRENEUR I AM HANDS ON :MEANING VERY BUSY

BUT WILL FIND SOME TIME TO GIVE FEEDBACK TO PEOPLE WHO REALLY NEED IT

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