anthemos georgiades net worth

Had worked in politics. Yeah. You start to build depth and management structures. Anthemos Georgiades is the co-founder and CEO of Zumper, the largest startup in the rental industry, used by more than 26 million renters last year alone. All of it is going to be important and it will come out at the right stage. And were they like obviously now youre opening here the cap table to a different breed and I guess when that happen probably at a strategic level lets say from a board perspective or something you know, maybe you receive some type of recommendations whether it was with this corporation or with other corporations as to what perhaps to look for and what to avoid. Really good strategy to differentiate the demographics and were super happy with how it went down. Now we have supply so the six months curve at the series B was all about users and millions of monthly users and then at the series C it was much more revenue curve. Yeah. Saying that to your point, we see the deal was a successful and yet M&A is really hard to integrate. Absolutely. Whats your story and most importantly, how did you get started with the entrepreneurial bug? In the early days we love the exposure to Silicon Valley investors. I guess the question that I would ask you and perhaps some advice for some of those that are listening, that are building a business that is more around the network effects, the marketplaces, should they walk the other way if the investor is asking too much about revenue early on on the financing cycles? Shalin Amin Chief Experience Officer. Stay informed using all the free online rental data out there (like Zumper's national rent report). You start to build depth and management structures. You are going to get a bunch of nos so I wouldnt rule people out too early. Your job is to raise capital and your job is to kind of hire and retain the best talents. So watching board members from the early investments are [19:38] who now runs Good Water but was originally Kleiner and then Eric [19:42] from Kleiner and theyre both experts at product market set. hendrick motorsports hats; anthemos georgiades net worth I mean I called it like a cheat [33:33] my team. So you know I think Axle Springer very used to appraising companies that match their scale. Got it. Raising money first, marketplace businesses is still really difficult and Ive raised $90 million and Im still saying it is difficult. After that, it changed to more consumer. So you still have to land it and once youre on the door it doesnt matter where you come from you have to have something good. Got it. Since 2012, Anth has grown Zumper to over 100 employees and raised $90 million in venture capital for the company. So strategically that was a good marriage where they had a great consumer brand and we have really fantastic supply side inventory. So paradoxically, I dont think the core DNA of a companys culture is built at ski tracks or offsite. Saying that, I have connections through both business school and previous people that have gone through BCG venture capital and most of your listeners and entrepreneurs will know so much of this is about like getting warm introductions to VCs so I did have a couple of cheats to get in through the network or through the BCG network. See How I Can Help You With Your Fundraising Efforts. Try for free at rocketreach.co Township Of Ocean Police Department. 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. I think at that stage it makes sense. Hes raising money now. So I wouldnt be too picky early. So yes, we have a great cap table. They were [sexy 23:47] company and really fantastic fundraisers but the rounds just take a long time, due diligence take a long time. He has grown the Zumper team to 50 and counting and successfully completed the acquisition of apartment search platform PadMapper. You can set the expectations and then see what happens and if its not a good fit upfront, you can go with the different option on the table. Zumper Board Member Related Hubs Of course. At series B, you got to show product market set across the board with the revenue and then at series C, you got to show real traction and real revenue and a proper P&L. So what was that process like you were talking about, yes, your network of Harvard but can you share with us like what was that process of landing Kleiner on your seed round? So if the story has changed in a way that merits the focus of the company but what is consistent every single time weve raised is that for six months in a row, we had really, really quick growth. And so I didnt really think about it too often because this is kind of 15 years ago but then I moved to another six or seven times into an apartment rentals in London, in Boston, in New York and the process is so bad every time, not just in searching but also in actually like getting the apartment. Great question. And so as you mature you look for a different kind of investor and that naturally tends to happen. And so I wouldnt be too pressured. Yes, weve raised $90 million in capital including a series C that we just closed three months ago. And so as you mature you look for a different kind of investor and that naturally tends to happen. I think if you hire four cofounders like yourself, thats difficult and luckily we didnt have that problem. True to its reputation, Comfortbilt's HP22 pellet stove comes with a heating capacity of 50,000 BTU. Hello, everyone, to the DealMakers Show. And then when I moved out to America, Russel was software engineer at Google and I had no technical background so I basically hit up my network for anyone with a technical background living in the US who might be interested in joining and Russel and I really hit it off and he was the perfect cofounder. I mean I think at seed round its like an [26:02]. You just get to this kind of motion of you all feel the same and you kind of pull in the same direction. In the early days, youre going to need to take all the capital you can get. Yeah. For me, its Zumper, an apartment rental platform. Thiel was the first angel investor in Facebook with a $500K check that turned into more than $1 billion in cash. 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. Weve only been working with Axle Springer for four months now but they are fantastic. 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. Anthemos Georgiades: Yeah. It was kind of [31:51] as early as we did to buy another stock up that was kind of four years in. And at one point I just told one I just feel like I want to step on the egg and shoot the chicken because it was so repetitive. But was drawn in to it just to solve a problem as I think so many entrepreneurs are. Tanguy Le Louarn Chief Product Officer. He remains a huge Tottenham Hotspur fan, and wakes up painfully every Saturday morning to tune into the live English soccer games. And you know I think hiring is definitely tough but retaining is even more complicated so is there any things that you for example seen yourself that work on that front? We also actually had a really wonderful fourth cofounder whos no longer with us. Got it. I was also doing, Ive been doing marketplaces for I think like 10 years now and I remember in the last company, I would go and meet with investors and they kept asking me for the chicken and the egg. Anthemos Georgiades CEO at Zumper United States 4K followers 500+ connections Join to view profile Zumper Harvard Business School Websites Websites Company Website http://www.zumper.com Company. Please subscribe to unlock this content. 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. It is ultimately the culture. 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. At series A, you got to show product market set in a sub vertical. It has to be me and thats how I started the company six years ago after business school. Saying that, if you do have multiple term sheets the second point is of course, like before you get to liquidity, revenue is irrelevant and if revenue gets in the way of bringing either the consumer on to your platform or the supply side person on to your platform, you should not be trying to charge. Were very clear with Axle Springer that we have a lot of consumer scale so a lot of people use our platform on a monthly basis but were still building the [21:55]. At scale you get to do that and have those teams. Youre supposed to try six things that dont work. Anthemos Georgiades: Yeah. How do you take a company with those tractions, 10 million in revenue. Got it. Weve only been working with Axle Springer for four months now but they are fantastic. We want investors who look at $100 million in revenue as table stakes but they wont agree to a billion. August 4, 2020. Get a custom action plan and all the help that you need to start raising more capital. No. Well, Anthemos, it has been a pleasure to have you on the show. So it was never I want to be an entrepreneur journey. So in the first two years, Zumper is now [07:52] $90 million in capital. Really good strategy to differentiate the demographics and were super happy with how it went down. I really enjoyed it and great stuff. Im the CEO and Ive always felt that it was my responsibility to do the fundraising. In terms of investors, I guess two comments. And I mean its quite a few cofounders. And we built this website using an outsource development shop in Europe that just tested one assumption of the end game which was can we get users in 2011, 2012 just as mobile was coming online to apply and close apartments from their phone. Ill set the first couple of meetings often alone but its been wonderful as weve grown our executive team to be able to bring like our VP of sales, our head of grow, our CPO in to the meetings afterwards when they want to meet the team. And you know I think hiring is definitely tough but retaining is even more complicated so is there any things that you for example seen yourself that work on that front? Were growing very quickly but none of that was true obviously in the first two years. They were [sexy 23:47] company and really fantastic fundraisers but the rounds just take a long time, due diligence take a long time. Well, first of all, your point about quashing the egg and shooting the chicken. Alejandro: Got it and before we actually dive in to the journey here, so consulting and business school, this is a few things that I typically hear so from some of our other guests. For every successful fundraise, every single company have a lot of nos. Got it. It was not something Ive really ever thought about before. 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. And for you I guess personally and professionally because I think they both come together, so how has your leadership and management skills changed over the time from leading the company of lets say four to ten folks initially to a company of over a hundred employees? I didnt think that either of them originally. The reality is often in the early stages, youre going to want to take all the capital thats given to you and you may not have multiple term sheets. 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. His passion for relieving the stress for others in . Anthemos was an undergrad at Oxford when he noticed how problematic renting an apartment . Anthemos Georgiades is the CEO of <a href="http://zumperblog.kinsta.cloud">Zumper</a>. Prior to his work at Zumper, Georgiades worked at the Boston . And we were talking about the $46 million round which was the C round, C as in cat and basically what you were talking about I mean what Ive seen is that you guys have shifted a little bit the strategy. Thank you so much. Yeah. Retention is something I think about every day. It is your job not just to do the day to day but once or twice a year you should be doing stuff that has a completely linear outcome where one day youre doing you know 3 million users a month and the next day youre doing 5 million users a month. So today, we have another founder and another one that is quite successful in their own paths. Alejandro: Got it. Get Anthemos Georgiades's email address (a*****@zumper.com) and phone number (646398..) at RocketReach. And so I didnt really think about it too often because this is kind of 15 years ago but then I moved to another six or seven times into an apartment rentals in London, in Boston, in New York and the process is so bad every time, not just in searching but also in actually like getting the apartment. And then my other cofounder Kurt Taylor I met through his mother who was an [04:43] and it was another example of just pure hustle. So seed, series A, series B, series C, I was always the point person in the fundraise. Anthemos Georgiades: No. Because I speak with a ton of founders that are perhaps opening up the possibility of bringing on corporations and I think that you need to really do it right. Remember to unlock for free the pitch deck template that is being used by founders around the world to raise millions below. Like many of our most successful entrepreneurs, Anthemos Georgiades was drawn into startup life to solving a burning problem. I think if you set these expectations from the very beginning that are super important. 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. All of it is going to be important and it will come out at the right stage. At Zumper, based in San Francisco, he leads the company in its mission to make renting an apartment as easy as booking a hotel. So I saw NEA, Kleiner Perkins, Graylog, Andreesen Horrowitz, just to name a few. Its so hard to get marketplaces liquidity so correct, the beautiful thing as you know is when you have it, it took us three years to get to that, it just runs and you just grow naturally when you have both sides but its so hard to get to it. They are brilliant about. glendale, az police activity today; archer lodge middle school calendar. So I guess for a marketplace or lets say for the people that are listening to us like what kind of metrics do you think for the most part if were talking about hyper growth companies, like they should be a little bit more mindful about?

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