anthemos georgiades net worth anthemos georgiades net worth

For me, its Zumper, an apartment rental platform. Got it. Russell Middleton Co-Founder. Anthemos Georgiades: Yes, weve raised $90 million in capital including a series C that we just closed three months ago. Everyone in Boston, everyone in New York were straight nos and [25:15] didnt get second meetings but then a month later we came to Silicon Valley and we found a much better product market set for the kind of investor who was prepared to come early and invest early and we got a lot of yeses very quickly. I mean I called it like a cheat [33:33] my team. So one is weve always promoted within so whenever we needed a role, we always prefer to promote someone instead of hiring from outside. In terms of investors, I guess two comments. Yeah, I think its probably the DNA of your culture is I think a lot of it is built in the tough times. Your job as the CEO and the founder is to convince your investors of the reason to do this. In many instances, really acquisitions are great to either feel growth on the company itself, either on the product or perhaps by adding a great talent, but unfortunately many M&A transactions fail really on the integration side of things. Anthemos Georgiades: Its part of the game. So I guess without further ado, Anthemos Georgiades from Zumper, welcome aboard. They were [sexy 23:47] company and really fantastic fundraisers but the rounds just take a long time, due diligence take a long time. This show is about storytelling and all the elements that go into telling the perfect fundraising story. Anthemos Georgiades: Yeah. How many listings do we have on the site? So seed, series A, series B, series C, I was always the point person in the fundraise. And frankly, the process is a pain in the ass. Remember to unlock for free the pitch deck template that is being used by founders around the world to raise millions below. In the early days, youre going to need to take all the capital you can get. Yeah. Whats your story and most importantly, how did you get started with the entrepreneurial bug? Alejandro: Got it. Got it. Pat Mapper caters to 25 and under and kind of big college populations. Thats your job. Youre right that is wrong advice. Thank you so much. Anthemos Georgiades: Oh yeah, on the seed round back in 2012, we had probably five investors come in to the seed round so we kind of had five yeses who put in small checks. Anthemos was an undergrad at Oxford when he noticed how problematic renting an apartment . Every company is completely different and theres no gold standard. So Anthemos, theres always a first time and you know I guess this is the first time in the history of the DealMakers Show that Im able to interview someone that has been involve on the M&A but more on the buy side. Thank you so much. Prices can change quickly! But I will say the one thing is true is that you always raise on momentum. Alejandro: Got it. Well, Anthemos, it has been a pleasure to have you on the show. A lot of it was completely bottom up. When you look your cofounders, your team in the eye and you know theyre ready to go and theyre resilient and they come back in to build and try the next thing and youve kind of worked out together this is part of the game. So you know I think Axle Springer very used to appraising companies that match their scale. Not really actually. I grew up in London. You just get to this kind of motion of you all feel the same and you kind of pull in the same direction. It happened but I wouldnt say its like an obvious part. So one is weve always promoted within so whenever we needed a role, we always prefer to promote someone instead of hiring from outside. It is not closely married to [14:55] and thats where its still on [14:58] I think Silicon Valley has a long way to go where when I got my first introductions to VCs to Kleiner, to Andreseen, to Graylock, to NEA, it often came through my graduate school network where someone was like, Hey, this guy is leaving HBS. Got it and before we actually dive in to the journey here, so consulting and. You shameless have to mine your network and I think all CEOs and entrepreneurs have to find that edge of how did they meet one of these investors, how did they meet someone that knows them. We raised like a million dollars in seed money, that was running out so we tried various things that didnt work and I think the fabric of our culture that is still true today when we have a hundred people is built in the dark days and those days where your stuff is not working, your users arent growing, and how you look at your teammates and how you guys turn up on a Monday morning after a really crappy week the week before where maybe someone quit or maybe the metrics went south. You know its interesting that you mentioned the chicken and the egg. "These markets had a huge net migration from New York and California, and they have held up," he says. And then now your job at five, six years in with a team of a hundred with higher and amazing executive team who are all better at doing their jobs than you would ever be and so your job is almost as a CEO is to like hire yourself out of a job where you hire people, where you look at them and you think, Wow, I cant believe you report to me. You look at your cofounders and you know that they understand that and that theyre not freaking out, that is where you build real institutional culture and then you try and grow that across the team. 1.4.1 - Provisions of this Code Declared . The second one is have a vision and a mission that people agree with and we all wanted to [37:13] this vision make renting an apartment as easy as booking a hotel. Youre supposed to try six things that dont work. We also actually had a really wonderful fourth cofounder whos no longer with us. They were super lean team of under five people and its been a great deal for Zumper like we have one backend, one sales team and then two consumer platforms. So for the business, Anthemos, how much capital have you guys raised today? To give you odds, at the seed stage and the series A stage of growth cuts, all about supply side where a two sided marketplace chicken an egg, on day zero you have no renters and no landlords, how do you solve that? So when you go in to a fundraising in terms of preparation the most important thing is that your last six months are great and your most important metrics are all growing really nicely so kind of five, six months in a row that is a fantastic story to tell to an investor. One is I wouldnt be too pressured about it too early. Alejandro: Of course. They wanted to close apartments like they book a hotel and so took the status of like 35 different apartments we leased using the technology in San Francisco to VCs and said, Hey, were really going to rebuild all of this but heres some data that shows this really can work at scale, and thats how we raised the first million dollars from some of the names that you mentioned. Meaning hey, we send you a ton of leads this month that close in to leases. So lets talk about Zumper here. hendrick motorsports hats; anthemos georgiades net worth If you guys are Zumper website, you can kind of kind at zumper.com the Contact Us or on Twitter I am just @anthemos, A-N-T-H-E-M-O-S on Twitter and yeah, I respond to people. There was no book [01:41]. You kind of just all in [06:39] I think where the carving of the rose start to happen for me around 10, 12 people where you no longer just have [06:49]. anthemos georgiades net worthperpetual futures binance. Your job as the CEO and the founder is to convince your investors of the reason to do this. Im the CEO and Ive always felt that it was my responsibility to do the fundraising. If you dont have those connections, I think this is where like a lot of these accelerators and incubators, Y Combinator or Techstars or Launch are really good where you can apply. Absolutely. And even though that sounds so obvious six years later, people just werent doing this in 2011, 2012 and we created a bunch of data that overwhelming shows the renters wanted to be applying for apartments from their phone. Like many of our most successful entrepreneurs, Anthemos Georgiades was drawn into startup life to solving a burning problem. Thats quite motivating for people. I have no experience doing that. We raised like a million dollars in seed money, that was running out so we tried various things that didnt work and I think the fabric of our culture that is still true today when we have a hundred people is built in the dark days and those days where your stuff is not working, your users arent growing, and how you look at your teammates and how you guys turn up on a Monday morning after a really crappy week the week before where maybe someone quit or maybe the metrics went south. A lot of that is in the bank. Just out of curiosity, Anthemos, like how many nos did you get for example on your seed round if you have to count it? Well, today's guest noticed that experience and wanted to improve it. Theyre both incredibly smart as are my executive team who are also like critical to fundraise where Ill go in and sell the vision often alone. Thats quite motivating for people. Everyone in Boston, everyone in New York were straight nos and [25:15] didnt get second meetings but then a month later we came to Silicon Valley and we found a much better product market set for the kind of investor who was prepared to come early and invest early and we got a lot of yeses very quickly. Its a good question. Its just part of the game and it doesnt [24:30]. Got it. Everyone filling gaps where they could and it [07:02] fulfilling gaps in to where youre skilled and so I think the most obvious thing to do for that is to hire people with very different skill sets to you that allows you to never really have awkward overlap and egos because everyone is kind of skilled at something very unique. I have no experience doing that. For us, I think they fully understand the entrepreneurial journey and were really excited to have them on board. We saw it would take three to six months to integrate Pat Mapper and their backend that engineering project we worked really hard and quickly just over a year to integrate so we underestimated like how much work was required to integrate them by 3x. glendale, az police activity today; archer lodge middle school calendar. Yeah, sure. Got it. Alejandro: I love it. Anthemos Georgiades: Yeah, sure. And [14:42] in Silicon Valley is married to [graphics 14:43] mostly in terms of great companies just break out and succeed [agnostic 14:48] as to where people went to college or if they came from a wealthy or poor family. 1. So cofounders are difficult especially if youre not technical as really hard to find a good technical cofounder but the great thing is once you do and it takes a long time, they are able to attract the next generation of talent in to the company and thats how you kind of build your engineering team out. So we solved it to the first two years purely by getting landlords on board through various kind of product strategy and so our growth cuts for the first two years that we raised the [27:41] were purely about landlords and listing. "While many markets cool off during the winter, Miami is still posting month-over-month increases. Published by at June 13, 2022. Anthemos Paul Georgiades has been associated with one company, according to public records. We both wanted to be entrepreneurs. I knew the CEO for a while. So our CFO is fantastic and what he was able to bring to the series C was real credibility where I meet the investors, get them excited about our vision and our story and then they spend hours with the CFO on the second or third meeting digesting our historical financial as were talking about where were headed. With a diverse background that includes consulting for Boston Consulting Group and serving as Economic Advisor and speechwriter in the 2010 British Election, Anthemos founded Zumper in 2012 after his own terrible rental experience. For Zumper's Georgiades, many Florida markets, such as Fort Lauderdale, Miami, Orlando, and Tampa, have been the big pandemic winners. Over-Communication. Got it. And so just be prepared that however smart, however many smart people have looked the deal and thought about whether it will work, it always take a little bit more time than you think it will to integrate because theres always some gremlin kind of hiding in the works that youre going to find. So I saw NEA, Kleiner Perkins, Graylog, Andreesen Horrowitz, just to name a few. A lot of business schools was how to make decisions with imperfect information. She was our original CPO and after the series A, she moved on to roller, another company and we promoted someone internally to CPO. And to be fair, some of these 20 did indeed come back later to invest but in Boston and I pitched all of the east coast investors first because I was on the east coast and they were straight nos. Had worked in politics. Oh wow, good question. Please subscribe to unlock this content. The one unifying theme in every fundraising Ive run is momentum. And talking about hustling the network, was there any because I mean those networks that you have I think the network of Harvard is really fantastic and then you know the BCG as well but is there like any process that you followed to really like leverage the network? Really, really nice to have you here and excited for the chat that we have ahead here. Budget in my opinion perhaps should be allocated to something else. My friend have had to camp out overnight outside the property management office to get access to the new apartment and this is [01:09] you know things coming online, you can order a cab via phone, you can book a hotel online. FUNDED EP01: How to tell a story worth $140 million dollars (Zumper) 00:00 51:07 Episode Summary Anthemos Georgiades, founder of Zumper, perfected his pitch the way most founders do: through trial and error. Unluckily weve made some phenomenal early hires so the company that have all scaled to leadership roles, thats fantastic for retention because those people know that we could have hired from outside but we bet on them and it worked and so Zumper is a place to build theyre career not somewhere else. Alejandro: Got it. It happened but I wouldnt say its like an obvious part. Yeah. It seemed crazy that the real estate industry wasnt moving towards on demand. Anthemos Georgiades, Zumper, European Founder, International Founders, Marketplace The process of renting apartments hasn't changed since Craigslist was introduced. It just really helps to divide and conquer like that while I was meeting new investors again. It has to be me and thats how I started the company six years ago after business school. When people ask me what Im most nervous about its how to keep our amazing team together, a couple of tactics and then one thing that really worked. anthemos georgiades net worth; wedding max minghella wife; private beach airbnb california; antique english double barrel shotguns; tuscany faucet cartridge removal; primeweld cut 60 machine torch. I grew up in London. Well, first of all, your point about quashing the egg and shooting the chicken. So it doesnt always work out and I think thats fine. For us, I think they fully understand the entrepreneurial journey and were really excited to have them on board. I think Id say forget everything you think you know and everything, your education [38:28]. Theres never like an exact number you need like when Uber raised money or you know Zillow raised money, theres never like a number they have to be at. Read More: Sujal Patel On Selling His First Business For $2.6 Billion And Now Raising $108 Million From Jeff Bezos And Others To Improve Medical Diagnostics. I think if you hire four cofounders like yourself, thats difficult and luckily we didnt have that problem. His passion for relieving the stress for others in . Zumper CEO and co-founder May 2012 Board and Advisor Roles Number of Current Board & Advisor Roles 1 Anthemos Georgiades is the Board Member at Zumper. Alejandro: Got it. So I learned a lot from a few companies that I loved, a few companies that I thought are doing crazy things I learned so much. So we have several million users using our platform every month now which is great and next year we wanted tens of millions of users a month and were poised to doing that. Alejandro: So I guess like I have one thing to follow up on this. Hes raising money now. But I guess you were saying then here the shift, kind of like shifted more from like growth of users perhaps retention to more kind of like deep revenue growth. Now my cofounders were phenomenal in bringing them to meetings. You look at your cofounders and you know that they understand that and that theyre not freaking out, that is where you build real institutional culture and then you try and grow that across the team. Anthemos and Russell met in London while working at a consulting company back in 2006, but it was after they moved to the U.S and experienced the pain of finding a place to live that they decided to found Zumper along with Taylor Glass-Moore and Leah Jones. It looks better for investors and it makes your life easier. For me, its Zumper, an apartment rental platform. He had actually interviewed me for a job at a different consulting firm and we stayed in touch.