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. 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. Yeah, I think its probably the DNA of your culture is I think a lot of it is built in the tough times. It is ultimately the culture. Got it. How many listings do we have on the site? I think if you hire four cofounders like yourself, thats difficult and luckily we didnt have that problem. Raising money first, marketplace businesses is still really difficult and Ive raised $90 million and Im still saying it is difficult. 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. Categories . So I saw NEA, Kleiner Perkins, Graylog, Andreesen Horrowitz, just to name a few. It seemed crazy that the real estate industry wasnt moving towards on demand. It happened but I wouldnt say its like an obvious part. anthemos georgiades net worth. 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. Alejandro: Of course and I agree with you there, Anthemos. 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. Weve only been working with Axle Springer for four months now but they are fantastic. Well help you prequalify renters and actually get the renter in to a lease, signing the documents, paying the first month deposit but well charge you a percentage of the lease fairly. 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. 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. If you want me to do your fundraising for you, click here. So one is weve always promoted within so whenever we needed a role, we always prefer to promote someone instead of hiring from outside. At Zumper, based in San Francisco, he leads the company in its mission to make renting an apartment as easy as booking a hotel. Im the CEO and Ive always felt that it was my responsibility to do the fundraising. I think the startups end up wasting a lot of cash that could really extend runway but thats a different conversation. Your job as the CEO and the founder is to convince your investors of the reason to do this. I think at that stage it makes sense. At the end of the day though, whether its senior people, junior people, interns who we want to bring back is all under pinned by culture. He had actually interviewed me for a job at a different consulting firm and we stayed in touch. It happened but I wouldnt say its like an obvious part. 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? Hello, everyone, to the DealMakers Show. 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? 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. @zumper Stories Uncategorized How did you find these investors? Based in San Francisco, Anth leads the company in its mission to make renting an apartment as easy as booking a hotel. It was always a man, there is a really tough problem that consumers experience and no one is solving it. 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? Pat Mapper caters to 25 and under and kind of big college populations. There could be investors who are fantastic. So I saw NEA, Kleiner Perkins, Graylog, Andreesen Horrowitz, just to name a few. Background Report for Anthemos Paul Georgiades Includes Age, Location, Address History for Anthemos Paul Georgiades Arrest, Criminal, & Driving Records Social Media Profiles anthemos georgiades net worth. And then at business school, I think the single biggest thing I learned through the case study method which is how they teach it at Harvard Business School but I think its true. Anthemos Georgiades: Yeah. Raising money first, marketplace businesses is still really difficult and Ive raised $90 million and Im still saying it is difficult. Every company is completely different and theres no gold standard. 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. In terms of the dynamics, I think in the early days, you kind of through osmosis graduate towards like the things that are important. In terms of the dynamics, I think in the early days, you kind of through osmosis graduate towards like the things that are important. 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. Zumper Board Member Related Hubs His passion for relieving the stress for others in . For us, I think they fully understand the entrepreneurial journey and were really excited to have them on board. Of course. They are brilliant about. 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. 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. Got it. 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 all good companies have multiple offers on the table. Well, today's guest noticed that experience and wanted to improve it. 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. In the first two or three years you will kill your marketplace if you create any barriers to entry from either side. Two sided marketplaces are so difficult. Like many of our most successful entrepreneurs. Got it. 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. 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. So you acquire not long ago Pat Mapper and how did this come together? Alejandro: Got it. So strategically that was a good marriage where they had a great consumer brand and we have really fantastic supply side inventory. Anthemos was an undergrad at Oxford when he noticed how problematic renting an apartment . We both wanted to be entrepreneurs. So how did you meet your cofounders? And in terms of preparation, Anthemos, how has the preparation like preparing before going to market to start engaging investors, how have you seen with your business, with Zumper, how have you seen that changed over time as the rounds were maturing? So the way we monetize this is we either monetize the landlord mainly and we either charge them to leads. 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. Youre supposed to try six things that dont work. Your second month you spend getting term sheets and documents signed. At the end of the day though, whether its senior people, junior people, interns who we want to bring back is all under pinned by culture. 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. How does the day to day at Zumper work? You just get to this kind of motion of you all feel the same and you kind of pull in the same direction. But I will say the one thing is true is that you always raise on momentum. 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. 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? No. 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. So it was never I want to be an entrepreneur journey. So I guess like I have one thing to follow up on this. Rear mounted 3" standard exhaust port, and 2" standard air intake Exterior dimensions of unit are 24" wide, 26" deep, and 40" high with mounted controller. So you know I think Axle Springer very used to appraising companies that match their scale. Yeah. Absolutely. 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. Great question. Had worked in politics. So Anthemos, whats the business model here? So I saw for example Axle Springer which is you know more kind of like the corporate. A lot of that is in the bank. 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.
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