anthemos georgiades net worth

Yeah. And so back to your point, yes, we want investors who are supportive of the fact that we didnt try to monetize the platform for the first three years because it would have created a barrier to entry. The one unifying theme in every fundraising Ive run is momentum. Got it and before we actually dive in to the journey here, so consulting and. Saying that, in the early days you kind of need to bring on all the capital that you can. You know its interesting that you mentioned the chicken and the egg. 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 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. 77% of you were interested in a @zumper flex living pass 1.5 yrs ago Since then we - Added 500K+ flex listings - Launched a search UX for flex rentals We're now launching an MVP of Zumper Pass - a one & done subscription. So lets talk about Zumper here. 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. 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. Really, really nice to have you here and excited for the chat that we have ahead here. He had actually interviewed me for a job at a different consulting firm and we stayed in touch. And then as we looked at the C round, Axle Springer are fantastic good example [19:59]. So for Zumper our vision as I mentioned was to make renting an apartment as easy as booking a hotel and so instead of going in with just an idea, I built like a really crappy version of the end game that I wanted to build. A lot of business schools was how to make decisions with imperfect information. Great question. Anthemos Georgiades Current Workplace Zumper Location 555 Montgomery St Ste 1300, San Francisco, California, 94111, United States Industry Information Collection & Delivery, Media & Internet Description Discover more about Zumper Anthemos Georgiades Work Experience and Education Work Experience Manager, Summer Investment Atomico 2009-2010 And your cap table I mean as I was reviewing I just felt as I was looking at the Oscars of Silicon Valley, the red carpet. You always have more nos that more yeses in fundraising but it was ultimately about just hustling my network as much as possible. We have like four people at the company for the first year or maybe five for the first year and so theres so much to do and theres so little time and few resources that you actually theres no real intellectual whiteboarding session that you do to carve out rose. I was really impressed when because its not hard, its almost impossible to land VC such as Kleiner Perkins on literally your first financing round, the seed round. Anthemos Georgiades: Yeah. How many landlords did we have on the site? You just get to this kind of motion of you all feel the same and you kind of pull in the same direction. Shalin Amin Chief Experience Officer. 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. A lot of business schools was how to make decisions with imperfect information. Then behind the scenes, Zumper will close the transaction with the landlord and set the renter up with kind of rent payment. So we want to be the first ever kind of full stack rental platform for long term leases and we monetize that two ways. It was not something Ive really ever thought about before. And I mean its quite a few cofounders. Yeah. 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. Absolutely. Got it. Hes raising money now. So I think as your company matures, you look for investors that have something that you dont have and so for us, were not yet doing $100 million in revenue. His passion for relieving the stress for others in . Every fantastic company has had hundreds of nos on the way to kind of huge outcomes and you just cant take it personally. So I guess without further ado, Anthemos Georgiades from Zumper, welcome aboard. 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. So I guess without further ado, Anthemos Georgiades from Zumper, welcome aboard. In the early days, youre going to need to take all the capital you can get. Get Anthemos Georgiades's email address (a*****@zumper.com) and phone number (646398..) at RocketReach. Not really actually. But I will say the one thing is true is that you always raise on momentum. 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. We also actually had a really wonderful fourth cofounder whos no longer with us. 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. Anthemos Georgiades: Its just part of the game and it doesnt [24:30]. We love our investors. Over time, its great to be able to bring in your team. So what is the best way, Anthemos, for people that are listening to reach out and say hi? Its a good question. Got it. I mean to a point network gets you an intro but a lot of intros are 10 minute meetings where the VC immediately decides its not for them which is totally fair. 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. I mean I think at seed round its like an [26:02]. It happened but I wouldnt say its like an obvious part. Got it. Anthemos Georgiades: Yeah. He has grown the Zumper team to 50 and counting and successfully completed the acquisition of apartment search platform PadMapper. 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. Alejandro Cremades leads the vision and execution for Panthera Advisors as its Co-Founder and. 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. That is where your focus is and even though you kind of missed doing some of the stuff and the weeds and my team continue to tell me to get away from the weed and continue to [36:12] the 50,000 set, you have to let it go and trust your team to do a better job than you were doing. Additionally, Anthemos Georgiades has had 2 past jobs including Consultant at The Boston Consulting Group. She was our original CPO and after the series A, she moved on to roller, another company and we promoted someone internally to CPO. In the first two or three years you will kill your marketplace if you create any barriers to entry from either side. Yeah, I think its probably the DNA of your culture is I think a lot of it is built in the tough times. So you kind of just have to [25:29] but just to be clear yeah, we had far more nos than yeses at the seed round. I didnt think that either of them originally. Fantastic. So tell me your story a little bit here, Anthemos. I met Russel who [04:01] engineering products through just the personal connections in London. So what I wanted to ask you here is in terms of on boarding lets say this type of, because its a different beast, you know type of investors so how does the approach from evaluating an investor that is a VC, an angel or an angel group shift towards evaluating a potential strategic corporation that is looking to become part of your cap table? How do you take a company with those tractions, 10 million in revenue. 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? At series A, you got to show product market set in a sub vertical. 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]. 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. So I saw for example Axle Springer which is you know more kind of like the corporate. 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. 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. They take every, some people go and warm theirif you have a brilliant idea, theyd be crazy not to take it and then their entire value is obviously give you a three month program and then at the end expose you to liek 40 investors. I think if you set these expectations from the very beginning that are super important. Got it. We didnt go that route because I have the network but if I didnt have the network and some people have the network and still do it, they are really good cheap in to getting scaled quickly. You start to build depth and management structures. Yeah. Anthemos Georgiades: Yeah, I mean BCG I think you get access to the 23 year olds CEOs who had been working for 40 years and kind of crazy in consulting you take the shortcut in your careers to being in the board room. ! I think at that stage it makes sense. So M&A are strategic [33:48]. 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? But oh we must have had like 20 persons or 20 people say not now or later. Could you meet him? And so whereas that doesnt guarantee any success we obviously have to have really good numbers and a really good story to tell them. There was no book [01:41]. Well, Anthemos, it has been a pleasure to have you on the show.