anthemos georgiades net worth anthemos georgiades net worth

I mean I called it like a cheat [33:33] my team. He was with HBS 10 years ago. So how did you meet your cofounders? 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? Its not about the ski trips and any of that you know. So in the first two years, Zumper is now [07:52] $90 million in capital. 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. 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. 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. 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. Rocketreach finds email, phone & social media for 450M+ professionals. How many landlords did we have on the site? 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. Got it. Not really actually. Pat Mapper caters to 25 and under and kind of big college populations. 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? 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. 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. 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? Since 2012, Georgiades has grown Zumper to over 200 employees, 178 million annual visits, and raised $178 million in venture capital for the company. How flat is the company? I was also doing, Ive been doing marketplaces for I think like 10 years now and I remember in the last company, I would go and meet with investors and they kept asking me for the chicken and the egg. They may not understand marketplace as well as you but they may be able to bring a brilliant way of thinking about how to bring the supply on [30:20]. We want investors who look at $100 million in revenue as table stakes but they wont agree to a billion. Since 2012, Georgiades has grown Zumper to over 200 employees, 178 million annual visits, and raised $178 million in venture capital for the company. Keeping good lines of communication open can solve many landlord/tenant problems. In many instances, really acquisitions are great to either feel growth on the company itself, either on the product or perhaps by adding a great talent, but unfortunately many M&A transactions fail really on the integration side of things. Your job as the CEO and the founder is to convince your investors of the reason to do this. Georgiades founded Zumper after his own . I was just talking to a friend of mine about this. And so I wouldnt be too pressured. Got it. 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. I know entrepreneurs who spend nine months raising their rounds which is a long time but they got great rounds done. Yeah. I didnt think that either of them originally. And I mean its quite a few cofounders. So we tell the small landlords, Hey, dont just advertise in Zumper. 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 think at seed round its like an [26:02]. Think Masterclass for Management. 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. It is not closely married to [14:55] and thats where its still on [14:58] I think Silicon Valley has a long way to go where when I got my first introductions to VCs to Kleiner, to Andreseen, to Graylock, to NEA, it often came through my graduate school network where someone was like, Hey, this guy is leaving HBS. Saying that, I have connections through both business school and previous people that have gone through BCG venture capital and most of your listeners and entrepreneurs will know so much of this is about like getting warm introductions to VCs so I did have a couple of cheats to get in through the network or through the BCG network. Alejandro: Alrightee. So what is the best way, Anthemos, for people that are listening to reach out and say hi? Anthemos Georgiades CEO and co-founder. Anthemos Georgiades: Yeah. Then behind the scenes, Zumper will close the transaction with the landlord and set the renter up with kind of rent payment. Got it. 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. @zumper Stories Uncategorized I think Id say forget everything you think you know and everything, your education [38:28]. 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. At scale you get to do that and have those teams. 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. Please subscribe to unlock this content. 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. Alejandro: Got it. Raising money first, marketplace businesses is still really difficult and Ive raised $90 million and Im still saying it is difficult. And I mean its quite a few cofounders. Its hard. We want investors who look at $100 million in revenue as table stakes but they wont agree to a billion. How much respect is there? 1. anthemos georgiades net worthperpetual futures binance. And then when I moved out to America, Russel was software engineer at Google and I had no technical background so I basically hit up my network for anyone with a technical background living in the US who might be interested in joining and Russel and I really hit it off and he was the perfect cofounder. So all good companies have multiple offers on the table. But theres no right answer in business. 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. He remains a huge Tottenham Hotspur fan, and wakes up painfully every Saturday morning to tune into the live English soccer games. Were incredibly grateful for everything she did and she remains kind of shareholder in the company. All of it is going to be important and it will come out at the right stage. Got it. At college in the UK, Ive had like multiple [00:58] renting apartments. So seed, series A, series B, series C, I was always the point person in the fundraise. Saying that, I have connections through both business school and previous people that have gone through BCG venture capital and most of your listeners and entrepreneurs will know so much of this is about like getting warm introductions to VCs so I did have a couple of cheats to get in through the network or through the BCG network. Youre right that is wrong advice. 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? Rental listing startup with more than 26 million users. 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. Weve only been working with Axle Springer for four months now but they are fantastic. Got it. Of course. 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. Got it. 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. Anthemos Georgiades: Yeah. 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. 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. Yeah. A lot of business schools was how to make decisions with imperfect information. So in terms of timeline, you were mentioning that the C round, you guys closed this 46 million a couple of months ago. So you kind of just have to [25:29] but just to be clear yeah, we had far more nos than yeses at the seed round. So tell me your story a little bit here, Anthemos. Anthemos Georgiades: Its part of the game. 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. 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. Anthemos Georgiades is the co-founder and CEO of Zumper. Thats your job. Alejandro: Got it. 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. I say like in the first pitch to the day the money wires, theres always been around like a minimum of three months. Yeah. Shalin Amin Chief Experience Officer. 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. It happened but I wouldnt say its like an obvious part. [06:54] the early days and it worked where there was just all hands to the pump. And as you know as and your listeners know, youre going to get a lot of nos on the way. So seed, series A, series B, series C, I was always the point person in the fundraise. Alejandro: Got it. Anthemos Georgiades Current Workplace Zumper Location 555 Montgomery St Ste 1300, San Francisco, California, 94111, United States Industry Information Collection & Delivery, Media & Internet Description Discover more about Zumper Anthemos Georgiades Work Experience and Education Work Experience Manager, Summer Investment Atomico 2009-2010 So M&A are strategic [33:48]. 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. Published by at June 13, 2022. A lot of that is in the bank. Alejandro: Got it. 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. Alejandro: Got it. One is I wouldnt be too pressured about it too early. Great question. I love it. Based in San Francisco, Anth leads the company in its mission to make renting an apartment as easy as booking a hotel. Subscribe: Google Podcasts | Spotify | Stitcher | TuneIn | RSS | More. So the way we monetize this is we either monetize the landlord mainly and we either charge them to leads. Whats your story and most importantly, how did you get started with the entrepreneurial bug? Im the CEO and Ive always felt that it was my responsibility to do the fundraising. hendrick motorsports hats; anthemos georgiades net worth So it doesnt always work out and I think thats fine. Well, today's guest noticed that experience and wanted to improve it. Like many of our most successful entrepreneurs, Anthemos Georgiades was drawn into startup life to solving a burning problem. Never thought Id be an entrepreneur. I grew up in London. Just enter your email below. 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. Absolutely. I really enjoyed it and great stuff. Alejandro: Of course. No. Anthemos Georgiades: Yeah. Got it. 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. 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. 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. Its not about the ski trips and any of that you know. When people ask me what Im most nervous about its how to keep our amazing team together, a couple of tactics and then one thing that really worked. Got it. Got it. You start to build depth and management structures. 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. 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. How did you find these investors? Alejandro Cremades leads the vision and execution for Panthera Advisors as its Co-Founder and. They are brilliant about. A lot of that is in the bank. So I guess how did that consulting experience shape up your approach in terms of like tackling problems and the entrepreneurial journey itself? Anthemos Georgiades, Zumper, European Founder, International Founders, Marketplace The process of renting apartments hasn't changed since Craigslist was introduced. 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 today, we have another founder and another one that is quite successful in their own paths. 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. Really good strategy to differentiate the demographics and were super happy with how it went down. And were just a little earlier than obviously a public company so our gross is spikier. 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. Weve only been working with Axle Springer for four months now but they are fantastic. I think its easy not to set those expectations and get caught in the relationship where neither side is being clear on what they expect. 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 I saw for example Axle Springer which is you know more kind of like the corporate. They may not understand marketplace as well as you but they may be able to bring a brilliant way of thinking about how to bring the supply on [30:20]. It looks better for investors and it makes your life easier. 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. 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. How did you find these investors? Since 2012, Anth has grown Zumper to over 100 employees and raised $90 million in venture capital for the company. It was not something Ive really ever thought about before. I mean if you could give some kind of like tips you know both fronts it would be really fantastic. 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. But I will say the one thing is true is that you always raise on momentum. We both wanted to be entrepreneurs. 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. 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. And so as you mature you look for a different kind of investor and that naturally tends to happen. He was with HBS 10 years ago. 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. 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. So Im completely there with you. 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. A lot of it was completely bottom up. You just cant get spooked. Alejandro: Got it. So what I wanted to ask you here is in terms of on boarding lets say this type of, because its a different beast, you know type of investors so how does the approach from evaluating an investor that is a VC, an angel or an angel group shift towards evaluating a potential strategic corporation that is looking to become part of your cap table? At series A, you got to show product market set in a sub vertical. 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. Everyone filling gaps where they could and it [07:02] fulfilling gaps in to where youre skilled and so I think the most obvious thing to do for that is to hire people with very different skill sets to you that allows you to never really have awkward overlap and egos because everyone is kind of skilled at something very unique. We also actually had a really wonderful fourth cofounder whos no longer with us. anthemos georgiades net worth. And so as you mature you look for a different kind of investor and that naturally tends to happen. So M&A are strategic [33:48]. What are some tips for successfully navigating the rental market from a renter's perspective? Vishal Makhijani President & COO. When people ask me what Im most nervous about its how to keep our amazing team together, a couple of tactics and then one thing that really worked. Everyone filling gaps where they could and it [07:02] fulfilling gaps in to where youre skilled and so I think the most obvious thing to do for that is to hire people with very different skill sets to you that allows you to never really have awkward overlap and egos because everyone is kind of skilled at something very unique. Yeah. For me, its Zumper, an apartment rental platform. Had worked at the Boston Consulting Group. Like many of our most successful entrepreneurs. So you still have to land it and once youre on the door it doesnt matter where you come from you have to have something good. Anthemos Georgiades: Yeah. So you acquire not long ago Pat Mapper and how did this come together? Background Report for Anthemos Paul Georgiades Includes Age, Location, Address History for Anthemos Paul Georgiades Arrest, Criminal, & Driving Records Social Media Profiles 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?