Yeah. Alejandro: Of course and I agree with you there, Anthemos. Now my cofounders were phenomenal in bringing them to meetings. 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. Were incredibly grateful for everything she did and she remains kind of shareholder in the company. Saying that to your point, we see the deal was a successful and yet M&A is really hard to integrate. 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. I think if you set these expectations from the very beginning that are super important. 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 [sexy 23:47] company and really fantastic fundraisers but the rounds just take a long time, due diligence take a long time. 1. 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. I dont think theres a startup I could have launched that taught me more.
Anthemos Georgiades - Previous President for Zumper, Inc. We raised like a million dollars in seed money, that was running out so we tried various things that didnt work and I think the fabric of our culture that is still true today when we have a hundred people is built in the dark days and those days where your stuff is not working, your users arent growing, and how you look at your teammates and how you guys turn up on a Monday morning after a really crappy week the week before where maybe someone quit or maybe the metrics went south. 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. Alejandro: So I guess in just to like follow up on that, what in your mind and obviously in what youve seen creates really that magical relationship between cofounders? 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. After that, it changed to more consumer. 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 kind of looked through in Crunchbase which connections I have into which fund. 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]. Budget in my opinion perhaps should be allocated to something else. 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. I think just up front boundaries before you close the round is super important.
One Lesson Led This Entrepreneur To Raise $90 Million From The - Forbes We envisioned a world in which a renter can find apartments, book in [tour 10:18], turn up the [10:21] and if they want to take the apartment pre-qualify, leave a deposit and book the apartment. 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. I really enjoyed it and great stuff. 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. Like many of our most successful entrepreneurs. Like many of our most successful entrepreneurs, Anthemos Georgiades was drawn into startup life to solving a burning problem. If you guys are Zumper website, you can kind of kind at zumper.com the Contact Us or on Twitter I am just @anthemos, A-N-T-H-E-M-O-S on Twitter and yeah, I respond to people. It was always a man, there is a really tough problem that consumers experience and no one is solving it.
Anthemos Georgiades Email & Phone Number - Zumper | ZoomInfo 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. Anthemos Georgiades: Its just part of the game and it doesnt [24:30]. The most important thing is to surround yourself with an amazing support group because it is so much harder to build a company than I thought it was and the emotional resilience you need to get through the dark days and come back to the bright days even now is what [38:54] just get harder like yeah, we have more revenue now but with that there are people [38:58] and like huge revenue targets we have to attain and so the most important thing is surround yourself with a network of family, friends, mentors, peers, your team, your investors, whoever is an emotional crutch for you where you can take from them but also maybe get back to them as well when theyre having a tough time, thats the single most important thing is look after your mental health because it is lonely and it is stressful and if youre able to kind of be resilient you have a great outcome but it is really hard on some days to push through, so build that around just [39:35] and you can be happy while running your company.
Anthemos Georgiades on Twitter: "77% of you were interested in a "These markets had a huge net migration from New York and California, and they have held up," he says. Anthemos Georgiades is the CEO and co-founder at Zumper. But theres no right answer in business. Anthemos Georgiades: Yeah. Obviously they knew and I think for us it was like telling Axle and the rest of our investors that there are going to be months where we massively beat plans and there will be months where were behind plans. So I saw for example Axle Springer which is you know more kind of like the corporate. 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]. Alejandro: Got it. As CEO, Anthemos has raised $39.2 million in venture capital from investors including Kleiner Perkins, Goodwater Capital, Breyer Capital and Foxhaven Asset Management, including a Series B round in Oct. 2016 when many start-ups were struggling. Anthemos Georgiades is the CEO of <a href="http://zumperblog.kinsta.cloud">Zumper</a>. Of course. Anthemos Georgiades: Yeah. Got it. Got it. Not really actually. It is ultimately the culture. Youre supposed to try six things that dont work. Got it. 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. Well, Anthemos, it has been a pleasure to have you on the show. 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. It seemed crazy that the real estate industry wasnt moving towards on demand. Anthemos Georgiades, Zumper, European Founder, International Founders, Marketplace The process of renting apartments hasn't changed since Craigslist was introduced. In the early days, youre going to need to take all the capital you can get. 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. Anthemos Georgiades: So Zumper is the vision for the company is to make renting an apartment as easy as booking a hotel. Anthemos Georgiades: Yeah. Got it. Anthemos Georgiades: Yeah. 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. It looks better for investors and it makes your life easier. It was at the time Pat Mapper example almost the same size on consumer but now Zumper is much bigger but we called it like a cheat and your job as the founder is to identify like vertical cheats where overnight you become bigger than your competitors.
Anthemos Georgiades - Co-Founder & CEO - Zumper | LinkedIn Hello, everyone, to the DealMakers Show. Had worked in politics. The most important thing is to surround yourself with an amazing support group because it is so much harder to build a company than I thought it was and the emotional resilience you need to get through the dark days and come back to the bright days even now is what [38:54] just get harder like yeah, we have more revenue now but with that there are people [38:58] and like huge revenue targets we have to attain and so the most important thing is surround yourself with a network of family, friends, mentors, peers, your team, your investors, whoever is an emotional crutch for you where you can take from them but also maybe get back to them as well when theyre having a tough time, thats the single most important thing is look after your mental health because it is lonely and it is stressful and if youre able to kind of be resilient you have a great outcome but it is really hard on some days to push through, so build that around just [39:35] and you can be happy while running your company. 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. So in terms of timeline, you were mentioning that the C round, you guys closed this 46 million a couple of months ago. I mean I think at seed round its like an [26:02]. June 12, 2022 . 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. 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. 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? Im the CEO and Ive always felt that it was my responsibility to do the fundraising. 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. It was at the time Pat Mapper example almost the same size on consumer but now Zumper is much bigger but we called it like a cheat and your job as the founder is to identify like vertical cheats where overnight you become bigger than your competitors. 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?
Search icon - dusa.perfecttrailer.de Just enter your email below. So I guess how did that consulting experience shape up your approach in terms of like tackling problems and the entrepreneurial journey itself? 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? Thats just part of the game. Of course. 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. Got it. Absolutely. Had worked at the Boston Consulting Group. So the majority of that is still in the bank but yeah, we raised money in capital [12:00]. And so I wouldnt be too pressured. So one is weve always promoted within so whenever we needed a role, we always prefer to promote someone instead of hiring from outside. 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. One is I wouldnt be too pressured about it too early. I mean your job moves from doing jobs in the first few years. Thats just part of the game. Yeah. Anthemos Georgiades: Yeah. In terms of investors, I guess two comments. 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. Every company is completely different and theres no gold standard. 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, Zumper Inc: Profile and Biography 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 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. In terms of the dynamics, I think in the early days, you kind of through osmosis graduate towards like the things that are important. Really good strategy to differentiate the demographics and were super happy with how it went down. At Zumper, based in San Francisco, he leads the company in its mission to make renting an apartment as easy as booking a hotel. anthemos georgiades net worth. It happened but I wouldnt say its like an obvious part. You can filter down by city and . You are going to get a bunch of nos so I wouldnt rule people out too early. So we solved it to the first two years purely by getting landlords on board through various kind of product strategy and so our growth cuts for the first two years that we raised the [27:41] were purely about landlords and listing. For Zumper's Georgiades, many Florida markets, such as Fort Lauderdale, Miami, Orlando, and Tampa, have been the big pandemic winners. It was like $46 million. And the biggest change in the series C I just raised versus in the early days is having a CFO. 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?