anthemos georgiades net worth anthemos georgiades net worth

Fantastic. 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. hendrick motorsports hats; anthemos georgiades net worth He runs all the background of operation and he came from the real estate industry, two completely different background and neither of them was an obvious pick when I started the company at grad school. Yeah, sure. At series A, you got to show product market set in a sub vertical. Never thought Id be an entrepreneur. So I as British person moving to Silicon Valley in 2012 I have never run a startup before. Oh wow, good question. And so when you think about AB testing frameworks, you think about how many started [03:43] that is a [03:44] grad school taught me. Just out of curiosity, Anthemos, like how many nos did you get for example on your seed round if you have to count it? So I guess lets say we had the opportunity to put you in front of your younger self, Anthemos, in 2012 before you were to close that seed round, what would be that piece of advice that you would give to your younger self with everything that youve learned having this journey ahead of you? But theres no right answer in business. 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. 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. Look how quickly our revenue are scaling. In the first two or three years you will kill your marketplace if you create any barriers to entry from either side. 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. Anthemos Georgiades: Yeah. Anthemos Georgiades: Yeah, sure. It seemed crazy that the real estate industry wasnt moving towards on demand. 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. I'm so proud of my wife Lucy Georgiades and her cofounder Lindsey Nehls on launching their business Elevate Academy today. His passion for relieving the stress for others in apartment rentals has given birth to a venture which has now raised $90 million, has experienced tremendous growth, and boasts a VC line up of some of the most prized investors in Silicon Valley. Im the CEO and Ive always felt that it was my responsibility to do the fundraising. But I will say the one thing is true is that you always raise on momentum. Got it. ! So thats how Zumper got started. Alejandro: 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? Alejandro: Just out of curiosity, Anthemos, like how many nos did you get for example on your seed round if you have to count it? So I guess without further ado, Anthemos Georgiades from Zumper, welcome aboard. I dont think theres a startup I could have launched that taught me more. 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. I kind of looked through in Crunchbase which connections I have into which fund. Zumper which is a little bigger in terms of audience now caters more to urban professionals moving within cities. Culture is everything and so investing in people making sure I as the CEO spend a lot of time as much as possible with people who dont report to me is absolutely critical and that is ultimately like the fabric on how most companies are run. anthemos georgiades net worth 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. Like what have you seen that really works? 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. Its a Greek name, British accent. Got it. Got it. But I will say the one thing is true is that you always raise on momentum. Then behind the scenes, Zumper will close the transaction with the landlord and set the renter up with kind of rent payment. 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. Had worked at the Boston Consulting Group. You know its interesting that you mentioned the chicken and the egg. How many landlords did we have on the site? Search icon - dusa.perfecttrailer.de Back to Meet the San Francisco Business Times' 40 under 40 Class of 2018. Get Anthemos Georgiades's email address (a*****@zumper.com) and phone number (646398..) at RocketReach. So paradoxically, I dont think the core DNA of a companys culture is built at ski tracks or offsite. Thank you so much. So I saw for example Axle Springer which is you know more kind of like the corporate. 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. It was not something Ive really ever thought about before. So I wouldnt be too picky early. Whats your story and most importantly, how did you get started with the entrepreneurial bug? So how did you meet your cofounders? Its hard. Alejandro: Of course and I agree with you there, Anthemos. 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. Rocketreach finds email, phone & social media for 450M+ professionals. So the series B, weve done story now look at how quickly the renters are growing on the platform. How to tell a story worth $140 million dollars - Funded Podcast So that was great. How does the day to day at Zumper work? And were just a little earlier than obviously a public company so our gross is spikier. And then as we looked at the C round, Axle Springer are fantastic good example [19:59]. Anthemos Georgiades is the CEO of <a href="http://zumperblog.kinsta.cloud">Zumper</a>. So Anthemos, whats the business model here? 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. So we tell the small landlords, Hey, dont just advertise in Zumper. Anthemos Georgiades: Yes, weve raised $90 million in capital including a series C that we just closed three months ago. 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. Yeah. Terms & Conditions! 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. For us, I think they fully understand the entrepreneurial journey and were really excited to have them on board. 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. Published by at June 13, 2022. In the early days you as the CEO you are the fundraiser, you are the effective CFO, youre the head of sales and you kind of have to do the whole thing. Anthemos Georgiades: Yeah. I think if you set these expectations from the very beginning that are super important. 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. 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. Yeah. Likewise. How many listings do we have on the site? Just enter your email below. [06:54] the early days and it worked where there was just all hands to the pump. Got it. Now my cofounders were phenomenal in bringing them to meetings. Anthemos Georgiades is co-founder & CEO of Zumper, the largest startup in the rental industry. I mean youre doing various jobs, head of sales, head of finance, head of fundraising, head of like DZ. Anthemos Georgiades: Yeah. I was just talking to a friend of mine about this. You just cant get spooked. August 4, 2020. . 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. All of it is going to be important and it will come out at the right stage. Its really built in the dark days of when stuff is really difficult and I think Zumpers culture now is we have a lot of users still remembers and its a testament to those dark days and we never take anything for granted. Saying that to your point, we see the deal was a successful and yet M&A is really hard to integrate. I mean if you could give some kind of like tips you know both fronts it would be really fantastic. Yeah. 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. 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. So Ill read it if anyone tweets anything interesting or if I can be helpful in anyway. I think just up front boundaries before you close the round is super important. Anthemos Georgiades: Yeah. How does the day to day at Zumper work? Your job as the CEO and the founder is to convince your investors of the reason to do this. Theyre struggling to kind of grow their audience because they didnt have enough listings whereas Zumper at the getgo we had a lot of unique landlords on the platform that no one else had. It was kind of [31:51] as early as we did to buy another stock up that was kind of four years in. 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. In terms of the dynamics, I think in the early days, you kind of through osmosis graduate towards like the things that are important. Anthemos Georgiades: Yeah. 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. 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. Yeah, I think its probably the DNA of your culture is I think a lot of it is built in the tough times. 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. How many listings do we have on the site? 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. Got it. All photos courtesy of Forbes Councils members. And then as we looked at the C round, Axle Springer are fantastic good example [19:59]. A lot of it was completely bottom up. How do you scale like 20 million in revenue to 200 million in revenue and we didnt need the more product set investors because we already have fantastic people at that. In terms of investors, I guess two comments. The one unifying theme in every fundraising Ive run is momentum. It was incredibly difficult. It was incredibly difficult. 1.4.1 - Provisions of this Code Declared . 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. I think Id say forget everything you think you know and everything, your education [38:28]. They are brilliant about. 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]. It was just purely hustling my network for six months to find people who are really great cultural fit but also have very different skill sets to the one I have. Theyre struggling to kind of grow their audience because they didnt have enough listings whereas Zumper at the getgo we had a lot of unique landlords on the platform that no one else had. So Anthemos, whats the business model here? 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]. Remember to unlock for free the pitch deck template that is being used by founders around the world to raise millions below. 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. There could be investors who are fantastic. Make sure tenants understand why things are . 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. Its a good question. Retention is something I think about every day. So I guess like I have one thing to follow up on this. rex harrison audrey hepburn relationship. We also actually had a really wonderful fourth cofounder whos no longer with us. And so I finally just gave in and thought no one is going to build this. So you acquire not long ago Pat Mapper and how did this come together? 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. So I wouldnt be too picky early. Like many of our most successful entrepreneurs, Anthemos Georgiades was drawn into startup life to solving a burning problem. I didnt think that either of them originally. Yeah. Anthemos Georgiades: Its just part of the game and it doesnt [24:30]. 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. I mean your job moves from doing jobs in the first few years. I mean at the end of the day, building and scaling companies especially when youre at the early stages is all about survival and its all about learning to be with each other behind the trenches and really going to war and having each others backs. 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. Got it. You know its interesting that you mentioned the chicken and the egg. 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; glendale, az setback requirements. 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. Got it. Anthemos Georgiades: One Lesson That Led To Raise $90 Million From The Top Venture Capital Firms by Alejandro Cremades Like many of our most successful entrepreneurs, Anthemos Georgiades was drawn into startup life to solving a burning problem. 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. 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. Youll get terms sheets and yeses hopefully quicker than that but this process takes a while and as the money increases and a few rounds become more complicated, it can take more than three months as well. And the biggest change in the series C I just raised versus in the early days is having a CFO. 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. 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. 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. So all good companies have multiple offers on the table. Every fantastic company has had hundreds of nos on the way to kind of huge outcomes and you just cant take it personally. Weve only been working with Axle Springer for four months now but they are fantastic. anthemos georgiades net worth Saying that to your point, we see the deal was a successful and yet M&A is really hard to integrate. Alejandro: So Im completely there with you. 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 lets talk about Zumper here. Saying that, in the early days you kind of need to bring on all the capital that you can. Zumper Board Member Related Hubs And so when you think about AB testing frameworks, you think about how many started [03:43] that is a [03:44] grad school taught me. Were incredibly grateful for everything she did and she remains kind of shareholder in the company. So one is weve always promoted within so whenever we needed a role, we always prefer to promote someone instead of hiring from outside. Anthemos Georgiades: Oh wow, good question. 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. Alejandro: Fantastic. So tell me your story a little bit here, Anthemos. But oh we must have had like 20 persons or 20 people say not now or later. So I think three months is an efficient round. 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. He discovered that the marketplace doesnt work for renters, and the idea for Zumper was born with the goal of evening the playing field and increasing transparency in the marketplace. I know entrepreneurs who spend nine months raising their rounds which is a long time but they got great rounds done. So thats how Zumper got started. So I as British person moving to Silicon Valley in 2012 I have never run a startup before. How Zumper founder created software to solve the pain of apartment Categories . How did you find these investors? 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. "These markets had a huge net migration from New York and California, and they have held up," he says. 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. In the first two or three years you will kill your marketplace if you create any barriers to entry from either side. But was drawn in to it just to solve a problem as I think so many entrepreneurs are. Got it. 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. 10 Things All Landlords Should Remember To Ensure Good Tenant - Forbes She was our original CPO and after the series A, she moved on to roller, another company and we promoted someone internally to CPO. I met Russel who [04:01] engineering products through just the personal connections in London. 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. 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. Anthemos lives in San Francisco, where Zumper is HQd, with his wife. Anthemos Georgiades: Its part of the game.