I got a mail today that looked like every other one, but it wasn’t. It was George Tziralis, a greek entrepreneur, researcher and teacher that decided to turn venture capitalist.
He announced The Open Fund, a new venture capital fund that will provide seed investments to greek startups.
This is wonderful news, as you may know Greece is not at all Europe’s Silicon Valley and they can boost an incredibile 0€ in VC funding in 2007. A new fund, alongside the creation of a new community is what the country really needed.
George, along with other important players in the greek tech scene, will provide €20-30k in exchange for 20% of the shares. It isn’t cheap money, but they will provide the aspiring entrepreneurs with invaluable advice and mentoring.
We will keep you updated on their activities and investments.
Introducing Greek’s new Venture Capital Fund: The Open Fund
Posted by On June - 23 - 2009
Thank you for the write-up Stefano, let me just make clear that we do not accept only greek start-ups, also start-ups from Europe or Middle East are more than welcome, too. Anyone interested pls do not hesitate to contact us at info at theopenfund.com. Let me also mention that the first call of for application is now open, you may find more information at our website.
@George Tziralis – Thanks a lot George, I wish you all the best with your fund, and hope you’ll help create some awesome companies.
George,
We are a transport and logistics company in Australia and we are currently expanding into Shipping, we would love to have a Greek Venture capitalist onboard as the Australians here do not know how to conduct business.
How do we go about getting Greek funding to achieve this?,
We will return 40% per annum on ones investment.
We have 4 contracts sitting on my desk, but no capital to start them up.
Regards,
Giannis.
Ps. More detais will be provided once people are interested.