anthemos georgiades net worthwhat is the boiling point of acetone and water

Like what have you seen that really works? Yeah. Since 2012, Georgiades has grown Zumper to over 200 employees, 178 million annual visits, and raised $178 million in venture capital for the company. So all good companies have multiple offers on the table. 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. We both had ideas to be entrepreneurs but neither of us have the guts to actually go for it. Get 5 free searches. 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. Its not about the ski trips and any of that you know. 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. 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. 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. I think just up front boundaries before you close the round is super important. It was always a man, there is a really tough problem that consumers experience and no one is solving it. 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. Got it. He remains a huge Tottenham Hotspur fan, and wakes up painfully every Saturday morning to tune into the live English soccer games. For us, I think they fully understand the entrepreneurial journey and were really excited to have them on board. How many landlords did we have on the site? Read More: 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. Every fantastic company has had hundreds of nos on the way to kind of huge outcomes and you just cant take it personally. The one unifying theme in every fundraising Ive run is momentum. 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. In the early days we love the exposure to Silicon Valley investors. So Id say your first month you spend like getting first, second, third meeting. Alejandro: Fantastic. How much respect is there? Thats quite motivating for people. I mean I called it like a cheat [33:33] my team. August 4, 2020. What are some tips for successfully navigating the rental market from a renter's perspective? So Id say your first month you spend like getting first, second, third meeting. I think the startups end up wasting a lot of cash that could really extend runway but thats a different conversation. Like many of our most successful entrepreneurs, Anthemos Georgiades was drawn into startup life to solve a burning problem. 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? 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. And did you diversify this responsibility with the other cofounders or was there one of you guys that has always been leading the chart on the financing side? There could be investors who are fantastic. Rocketreach finds email, phone & social media for 450M+ professionals. 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. 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. Hello, everyone, to the DealMakers Show. 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. So I guess what was the timeline of this C round compared to perhaps your seed round of 2012? 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. 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. It is not suppose to be easy. We love our investors. 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. Well, today's guest noticed that experience and wanted to improve it. And then as we looked at the C round, Axle Springer are fantastic good example [19:59]. 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. Not really actually. Yes, weve raised $90 million in capital including a series C that we just closed three months ago. Stay informed using all the free online rental data out there (like Zumper's national rent report). Were incredibly grateful for everything she did and she remains kind of shareholder in the company. They are brilliant about. 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. Absolutely. Then behind the scenes, Zumper will close the transaction with the landlord and set the renter up with kind of rent payment. 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. Really good strategy to differentiate the demographics and were super happy with how it went down. 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. So M&A are strategic [33:48]. Had worked in politics. 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. For every successful fundraise, every single company have a lot of nos. 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. Thank you so much. They were [sexy 23:47] company and really fantastic fundraisers but the rounds just take a long time, due diligence take a long time. 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. Got it. Alejandro: Of course. And it was just [22:11] during the process that its a startup, were at growth stage but not to expect to be able to predict our courses like that public company again. 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? Anthemos Georgiades CEO at Zumper United States 4K followers 500+ connections Join to view profile Zumper Harvard Business School Websites Websites Company Website http://www.zumper.com Company. Your second month you spend getting term sheets and documents signed. Additionally, Anthemos Georgiades has had 2 past jobs including Consultant at The Boston Consulting Group. 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. Alejandro: Got it. How does the day to day at Zumper work? Youre supposed to try six things that dont work. 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. Hello, everyone, to the DealMakers Show. Alrightee. I really enjoyed it and great stuff. But theres no right answer in business. Alejandro: Got it. No. To give you odds, at the seed stage and the series A stage of growth cuts, all about supply side where a two sided marketplace chicken an egg, on day zero you have no renters and no landlords, how do you solve that? For me, its Zumper, an apartment rental platform. You are going to get a bunch of nos so I wouldnt rule people out too early. They wanted to close apartments like they book a hotel and so took the status of like 35 different apartments we leased using the technology in San Francisco to VCs and said, Hey, were really going to rebuild all of this but heres some data that shows this really can work at scale, and thats how we raised the first million dollars from some of the names that you mentioned. So how did you meet your cofounders? I mean I think at seed round its like an [26:02]. 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. 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. But was drawn in to it just to solve a problem as I think so many entrepreneurs are. 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]. Anthemos Georgiades: Yes, weve raised $90 million in capital including a series C that we just closed three months ago. 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. You know its interesting that you mentioned the chicken and the egg. 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. And the biggest change in the series C I just raised versus in the early days is having a CFO. Yeah. Budget in my opinion perhaps should be allocated to something else. Taylor Glass-Moore Co-Founder. Were growing very quickly but none of that was true obviously in the first two years. You always have more nos that more yeses in fundraising but it was ultimately about just hustling my network as much as possible. After that, it changed to more consumer. Anthemos was an undergrad at Oxford when he noticed how problematic renting an apartment . Anthemos Georgiades: Yeah. 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. I mean if you could give some kind of like tips you know both fronts it would be really fantastic. 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. 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. 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. 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. He had actually interviewed me for a job at a different consulting firm and we stayed in touch. Vishal Makhijani President & COO. Anthemos Georgiades: Yeah. So the series B, weve done story now look at how quickly the renters are growing on the platform. In the early days we love the exposure to Silicon Valley investors. 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. 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. All photos courtesy of Forbes Councils members. Anthemos Georgiades: Yeah. 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 is not suppose to be easy. One is I wouldnt be too pressured about it too early. Got it. To give you odds, at the seed stage and the series A stage of growth cuts, all about supply side where a two sided marketplace chicken an egg, on day zero you have no renters and no landlords, how do you solve that? I think just up front boundaries before you close the round is super important. If you want me to help you with your fundraising, just book a call. And investors love that story because its easy to believe that you can continue to do that. 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. Weve only been working with Axle Springer for four months now but they are fantastic. 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. For me, its Zumper, an apartment rental platform. Whats your story and most importantly, how did you get started with the entrepreneurial bug? anthemos georgiades net worth. 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. Georgiades founded Zumper after his own . Got it. At Zumper, based in San Francisco, he leads the company in its mission to make renting an apartment as easy as booking a hotel. I mean I think at seed round its like an [26:02]. 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. June 12, 2022 . Thats quite motivating for people. So we bought them. See How I Can Help You With Your Fundraising Efforts. 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? 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. 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: Got it. 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. Like many of our most successful entrepreneurs. Anthemos Georgiades, Zumper, European Founder, International Founders, Marketplace The process of renting apartments hasn't changed since Craigslist was introduced. 1. Over-Communication. Got it. 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. For a winning deck, take a look at the pitch deck template created by Silicon Valley legend, Peter Thiel (see it here) that I recently covered. Saying that, in the early days you kind of need to bring on all the capital that you can. Anthemos Georgiades: No. Got it. So it was never I want to be an entrepreneur journey. I really enjoyed it and great stuff. Anthemos Georgiades is co-founder & CEO of Zumper, the largest startup in the rental industry. 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. He's raised $39.2 million in venture capital, grown the team to 70+, and completed the acquisition of apartment search platform PadMapper. Saying that to your point, we see the deal was a successful and yet M&A is really hard to integrate. Back to Meet the San Francisco Business Times' 40 under 40 Class of 2018. . FUNDED EP01: How to tell a story worth $140 million dollars (Zumper) 00:00 51:07 Episode Summary Anthemos Georgiades, founder of Zumper, perfected his pitch the way most founders do: through trial and error. Thats your job. I think if you hire four cofounders like yourself, thats difficult and luckily we didnt have that problem. It was incredibly difficult. Russell Middleton Co-Founder. 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. Look how quickly our revenue are scaling. 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. So paradoxically, I dont think the core DNA of a companys culture is built at ski tracks or offsite. He was with HBS 10 years ago. Retention is something I think about every day. 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. 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. Alejandro: Got it. So I saw NEA, Kleiner Perkins, Graylog, Andreesen Horrowitz, just to name a few. It was incredibly difficult. I kind of looked through in Crunchbase which connections I have into which fund. Well, Anthemos, it has been a pleasure to have you on the show. Since 2012, Anth has grown Zumper to over 100 employees and raised $90 million in venture capital for the company. 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. Over time, its great to be able to bring in your team. 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. So M&A are strategic [33:48]. Please subscribe to unlock this content. There was no book [01:41]. In terms of the dynamics, I think in the early days, you kind of through osmosis graduate towards like the things that are important. 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. 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. Had worked at the Boston Consulting Group. Zumper which is a little bigger in terms of audience now caters more to urban professionals moving within cities. Dave Costantino Staff Engineer - Backend. Got it. Alejandro: Got it. Meaning hey, we send you a ton of leads this month that close in to leases. 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. So the way we monetize this is we either monetize the landlord mainly and we either charge them to leads. How autonomous can people be at the junior levels? So one is weve always promoted within so whenever we needed a role, we always prefer to promote someone instead of hiring from outside. 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 for the business, Anthemos, how much capital have you guys raised today? Youre exactly right. But theres no right answer in business. 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 was just talking to a friend of mine about this. I know entrepreneurs who spend nine months raising their rounds which is a long time but they got great rounds done. Had worked in politics. Every fantastic company has had hundreds of nos on the way to kind of huge outcomes and you just cant take it personally. hendrick motorsports hats; anthemos georgiades net worth 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? 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. I mean I called it like a cheat [33:33] my team. anthemos georgiades net worth. 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? So what is the best way, Anthemos, for people that are listening to reach out and say hi? Just enter your email below. Really good strategy to differentiate the demographics and were super happy with how it went down.

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