anthemos georgiades net worthhouses for rent wilmington, nc under $1000

anthemos georgiades net worth

Anthemos Georgiades - San Francisco Business Times It was incredibly difficult. He's raised $39.2 million in venture capital, grown the team to 70+, and completed the acquisition of apartment search platform PadMapper. Never thought Id be an entrepreneur. I have no experience doing that. At series A, you got to show product market set in a sub vertical. So I guess in your guys case, how do you deal with the egos and then more importantly how did you define the responsibilities early on so that you kind of have that healthy culture going on? Anthemos Paul Georgiades has been associated with one company, according to public records. Oh wow, good question. The company was incorporated in California, Texas, and Florida ten years ago. And then as we looked at the C round, Axle Springer are fantastic good example [19:59]. 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 happened but I wouldnt say its like an obvious part. In the early days, youre going to need to take all the capital you can get. Then behind the scenes, Zumper will close the transaction with the landlord and set the renter up with kind of rent payment. How to tell a story worth $140 million dollars - Funded Podcast 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. We both wanted to be entrepreneurs. Were incredibly grateful for everything she did and she remains kind of shareholder in the company. I mean your job moves from doing jobs in the first few years. For every successful fundraise, every single company have a lot of nos. How flat is the company? So I guess without further ado, Anthemos Georgiades from Zumper, welcome aboard. So one is weve always promoted within so whenever we needed a role, we always prefer to promote someone instead of hiring from outside. Got it. Your third month is getting kind of diligence done and getting the wires in to the door. Its a good question. So it doesnt always work out and I think thats fine. 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 one is weve always promoted within so whenever we needed a role, we always prefer to promote someone instead of hiring from outside. Im the CEO and Ive always felt that it was my responsibility to do the fundraising. So Ill read it if anyone tweets anything interesting or if I can be helpful in anyway. 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. Its just part of the game and it doesnt [24:30]. June 12, 2022 . So today, we have another founder and another one that is quite successful in their own paths. Got it. Alejandro: I love it. I grew up in London. Well, first of all, your point about quashing the egg and shooting the chicken. 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. It is ultimately the culture. So we tell the small landlords, Hey, dont just advertise in Zumper. It has to be me and thats how I started the company six years ago after business school. What's in Store for Multifamily Markets in 2023? 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. Zumper which is a little bigger in terms of audience now caters more to urban professionals moving within cities. Absolutely. Your job is to raise capital and your job is to kind of hire and retain the best talents. They are brilliant about. 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. There was no book [01:41]. Youre exactly right. Got it. True to its reputation, Comfortbilt's HP22 pellet stove comes with a heating capacity of 50,000 BTU. And we built this website using an outsource development shop in Europe that just tested one assumption of the end game which was can we get users in 2011, 2012 just as mobile was coming online to apply and close apartments from their phone. 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? 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. So it was never I want to be an entrepreneur journey. I mean I think at seed round its like an [26:02]. But was drawn in to it just to solve a problem as I think so many entrepreneurs are. So Anthemos, whats the business model here? It was like $46 million. It was incredibly difficult. We both had ideas to be entrepreneurs but neither of us have the guts to actually go for it. Never thought Id be an entrepreneur. 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. [06:54] the early days and it worked where there was just all hands to the pump. And I mean its quite a few cofounders. You always have more nos that more yeses in fundraising but it was ultimately about just hustling my network as much as possible. We love our investors. And so I wouldnt be too pressured. They are the two ways that Zumper currently monetizes them and there are two folks that [11:35]. 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. Over time, its great to be able to bring in your team. You can set the expectations and then see what happens and if its not a good fit upfront, you can go with the different option on the table. 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. rex harrison audrey hepburn relationship. Anthemos Georgiades is the CEO and co-founder at Zumper. Yes, weve raised $90 million in capital including a series C that we just closed three months ago. I met Russel who [04:01] engineering products through just the personal connections in London. I was just talking to a friend of mine about this. But oh we must have had like 20 persons or 20 people say not now or later. Like what have you seen that really works? Got it. Got it. 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 Georgiades Email & Phone Number - Zumper | ZoomInfo Anthemos Georgiades: Yeah. Dave Costantino Staff Engineer - Backend. I didnt think that either of them originally. 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. And then now your job at five, six years in with a team of a hundred with higher and amazing executive team who are all better at doing their jobs than you would ever be and so your job is almost as a CEO is to like hire yourself out of a job where you hire people, where you look at them and you think, Wow, I cant believe you report to me. I think if you set these expectations from the very beginning that are super important. 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. Anthemos Georgiades: Yeah. Yeah. How many landlords did we have on the site? city of phoenix setback requirements A lot of that is in the bank. Every fantastic company has had hundreds of nos on the way to kind of huge outcomes and you just cant take it personally. And then my other cofounder Kurt Taylor I met through his mother who was an [04:43] and it was another example of just pure hustle. 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. Whats your story and most importantly, how did you get started with the entrepreneurial bug? Fantastic. How does the day to day at Zumper work? 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. So I guess without further ado, Anthemos Georgiades from Zumper, welcome aboard. Got it. Taylor Glass-Moore Co-Founder. 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. 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. You know marketplaces and liquidity is king like you were pointing to finding what you need in the shortest period of time because otherwise theyre going to go elsewhere. Yeah. Got it. Im so glad I did it. 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. You just cant get spooked. Youre exactly right. We both wanted to be entrepreneurs. anthemos georgiades net worth It was kind of [31:51] as early as we did to buy another stock up that was kind of four years in. 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. 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 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. 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. Your second month you spend getting term sheets and documents signed. "While many markets cool off during the winter, Miami is still posting month-over-month increases. 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. Got it. Budget in my opinion perhaps should be allocated to something else. 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 the majority of that is still in the bank but yeah, we raised money in capital [12:00]. Got it. Anthemos Georgiades On Building A Marketplace That Helps Millions of 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. For me, its Zumper, an apartment rental platform. 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. It was not something Ive really ever thought about before. So I guess what was the timeline of this C round compared to perhaps your seed round of 2012? Alejandro: Got it. 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? Think Masterclass for Management. Anthemos Georgiades: Yeah. In terms of investors, I guess two comments. The other large investor in this round [20:05] scale so once you have product market set, how do you scale that? 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. It was not something Ive really ever thought about before. I mean I called it like a cheat [33:33] my team. So the series B, weve done story now look at how quickly the renters are growing on the platform. You can filter down by city and . In the first two or three years you will kill your marketplace if you create any barriers to entry from either side. 1.4.1 - Provisions of this Code Declared . Well, Anthemos, it has been a pleasure to have you on the show. Thiel was the first angel investor in Facebook with a $500K check that turned into more than $1 billion in cash. How many listings do we have on the site? Were incredibly grateful for everything she did and she remains kind of shareholder in the company. And so I didnt really think about it too often because this is kind of 15 years ago but then I moved to another six or seven times into an apartment rentals in London, in Boston, in New York and the process is so bad every time, not just in searching but also in actually like getting the apartment. Just out of curiosity, Anthemos, like how many nos did you get for example on your seed round if you have to count it? I kind of looked through in Crunchbase which connections I have into which fund. glendale, az police activity today; archer lodge middle school calendar. 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 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. We love our investors. 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? And it is the culture that keeps people here, not the compensation or anything else. 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. Got it. Meaning hey, we send you a ton of leads this month that close in to leases. 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. There could be investors who are fantastic. Retention is something I think about every day. Saying that to your point, we see the deal was a successful and yet M&A is really hard to integrate. We also actually had a really wonderful fourth cofounder whos no longer with us. comfortbilt pellet stove low temp alarm Alejandro: Fantastic. I think at that stage it makes sense. Alejandro: Got it. Sujal Patel On Selling His First Business For $2.6 Billion And Now Raising $108 Million From Jeff Bezos And Others To Improve Medical Diagnostics, Cap Table: Everything Entrepreneurs Need To Know, He Cofounded A Business Of 4,000 Employees That Just Sold For $2.6 Billion To Delivery Hero, Sacha Michaud On Cofounding A Business Of 4,000 Employees That Just Sold For $2.6 Billion To Delivery Hero, His Previous Business Is Worth $1 Billion And Now Raised $54 Million To Create A Cloud-Native Database Service, Nikita Shamgunov On Building A $1 Billion Business And Now Raising $54 Million To Create A Cloud-Native Database Service, How to leverage your network for introductions, The importance of your metrics leading up to the, Expectations from investors during the different. 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. 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. Since 2012, Anth has grown Zumper to over 100 employees and raised $90 million in venture capital for the company. They were [sexy 23:47] company and really fantastic fundraisers but the rounds just take a long time, due diligence take a long time. Got it. Great question. Thank you so much. Got it. So you know I think Axle Springer very used to appraising companies that match their scale. Now my cofounders were phenomenal in bringing them to meetings. I guess the question that I would ask you and perhaps some advice for some of those that are listening, that are building a business that is more around the network effects, the marketplaces, should they walk the other way if the investor is asking too much about revenue early on on the financing cycles? 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. If you want me to do your fundraising for you, click here. I was just talking to a friend of mine about this. At Zumper, based in San Francisco, he leads the company in its mission to make renting an apartment as easy as booking a hotel. In the early days we love the exposure to Silicon Valley investors. And were they like obviously now youre opening here the cap table to a different breed and I guess when that happen probably at a strategic level lets say from a board perspective or something you know, maybe you receive some type of recommendations whether it was with this corporation or with other corporations as to what perhaps to look for and what to avoid. 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. 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.

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anthemos georgiades net worth

　

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