anthemos georgiades net worth

Your third month is getting kind of diligence done and getting the wires in to the door. 1. 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. How do you take a company with those tractions, 10 million in revenue. Anthemos Georgiades: Yeah. So one is weve always promoted within so whenever we needed a role, we always prefer to promote someone instead of hiring from outside. So in the first two years, Zumper is now [07:52] $90 million in capital. Alejandro: Of course and I agree with you there, Anthemos. 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. Additionally, Anthemos Georgiades has had 2 past jobs including Consultant at The Boston Consulting Group. At college in the UK, Ive had like multiple [00:58] renting apartments. I say like in the first pitch to the day the money wires, theres always been around like a minimum of three months. Saying that, in the early days you kind of need to bring on all the capital that you can. So I guess without further ado, Anthemos Georgiades from Zumper, welcome aboard. Categories . Were going to charge you per lead or for the smaller landlords we charge them if theyre [11:15] for the transaction. You can filter down by city and . Anthemos Georgiades: Yeah, I think its probably the DNA of your culture is I think a lot of it is built in the tough times. All of it is going to be important and it will come out at the right stage. You just cant get spooked. 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. Anthemos Georgiades is the CEO of <a href="http://zumperblog.kinsta.cloud">Zumper</a>. It looks better for investors and it makes your life easier. So we want to be the first ever kind of full stack rental platform for long term leases and we monetize that two ways. Its just part of the game and it doesnt [24:30]. So I saw NEA, Kleiner Perkins, Graylog, Andreesen Horrowitz, just to name a few. I think just up front boundaries before you close the round is super important. Like many of our most successful entrepreneurs, Anthemos Georgiades was drawn into startup life to solving a burning problem. Anthemos Georgiades: Yeah. So what is the best way, Anthemos, for people that are listening to reach out and say hi? 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. Alejandro: Got it. I didnt think that either of them originally. But oh we must have had like 20 persons or 20 people say not now or later. So you know I think Axle Springer very used to appraising companies that match their scale. 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. There could be investors who are fantastic. 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. 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]. It is ultimately the culture. I knew the CEO for a while. In terms of the dynamics, I think in the early days, you kind of through osmosis graduate towards like the things that are important. Anthemos was an undergrad at Oxford when he noticed how problematic renting an apartment . 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. Thank you so much. His passion for relieving the stress for others in . Your job is to raise capital and your job is to kind of hire and retain the best talents. Like what have you seen that really works? 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? Got it. So the majority of that is still in the bank but yeah, we raised money in capital [12:00]. Got it. Alejandro: Got it. Remember to unlock for free the pitch deck template that is being used by founders around the world to raise millions below. Were growing very quickly but none of that was true obviously in the first two years. Anthemos Georgiades: Oh wow, good question. Yeah, sure. I know entrepreneurs who spend nine months raising their rounds which is a long time but they got great rounds done. Im so glad I did 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. So one is weve always promoted within so whenever we needed a role, we always prefer to promote someone instead of hiring from outside. 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]. 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. I mean I called it like a cheat [33:33] my team. I learned more from you than you learned from me, and then your job as CEO is to do kind of two or three things, that is to continue to advance like the vision and the mission of the company and keep everything strategically aligned. Im the CEO and Ive always felt that it was my responsibility to do the fundraising. 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. So tell me your story a little bit here, Anthemos. I mean if you could give some kind of like tips you know both fronts it would be really fantastic. Alejandro: Fantastic. Prior to his work at Zumper, Georgiades worked at the Boston . Yes, weve raised $90 million in capital including a series C that we just closed three months ago. I think at that stage it makes sense. 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. Zumper which is a little bigger in terms of audience now caters more to urban professionals moving within cities. 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. 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. Every company is completely different and theres no gold standard. 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? I dont think theres a startup I could have launched that taught me more. 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. Anthemos and Russell met in London while working at a consulting company back in 2006, but it was after they moved to the U.S and experienced the pain of finding a place to live that they decided to found Zumper along with Taylor Glass-Moore and Leah Jones. ! I mean I think at seed round its like an [26:02]. For us, I think they fully understand the entrepreneurial journey and were really excited to have them on board. At Zumper, based in San Francisco, he leads the company in its mission to make renting an apartment as easy as booking a hotel. Youre exactly right. It was not something Ive really ever thought about before. 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. Stay informed using all the free online rental data out there (like Zumper's national rent report). Got it. 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? 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. So I guess like I have one thing to follow up on this. 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. 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. And investors love that story because its easy to believe that you can continue to do that. anthemos georgiades net worth. It seemed crazy that the real estate industry wasnt moving towards on demand. In terms of investors, I guess two comments. 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 kind of [31:51] as early as we did to buy another stock up that was kind of four years in. 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. 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. Your third month is getting kind of diligence done and getting the wires in to the door. And as you know as and your listeners know, youre going to get a lot of nos on the way. So I as British person moving to Silicon Valley in 2012 I have never run a startup before. Great question. 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. It has to be me and thats how I started the company six years ago after business school. 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. Absolutely. I met Russel who [04:01] engineering products through just the personal connections in London. Yeah. You start to build depth and management structures. It was like $46 million. Since 2012, Anth has grown Zumper to over 100 employees and raised $90 million in venture capital for the company. Budget in my opinion perhaps should be allocated to something else. Russell Middleton Co-Founder. It was not something Ive really ever thought about before. Like what have you seen that really works? It just really helps to divide and conquer like that while I was meeting new investors again. 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. Alejandro: Got it. Alejandro Cremades leads the vision and execution for Panthera Advisors as its Co-Founder and. Taylor Glass-Moore Co-Founder. So the majority of that is still in the bank but yeah, we raised money in capital [12:00]. 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. Yeah. And as you know as and your listeners know, youre going to get a lot of nos on the way. It looks better for investors and it makes your life easier. Of course. In the first two or three years you will kill your marketplace if you create any barriers to entry from either side. June 12, 2022 . I mean your job moves from doing jobs in the first few years. Weve only been working with Axle Springer for four months now but they are fantastic. anthemos georgiades net worthperpetual futures binance. [06:54] the early days and it worked where there was just all hands to the pump. Got it. Yeah. It was incredibly difficult. And the biggest change in the series C I just raised versus in the early days is having a CFO. So today, we have another founder and another one that is quite successful in their own paths. It just really helps to divide and conquer like that while I was meeting new investors again. Youre supposed to try six things that dont work. 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. Look how quickly our revenue are scaling. Anthemos Georgiades is the co-founder and CEO of Zumper. Yeah. A lot of that is in the bank. So strategically that was a good marriage where they had a great consumer brand and we have really fantastic supply side inventory. 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. Anthemos Georgiades: Yeah. I mean I think at seed round its like an [26:02]. So paradoxically, I dont think the core DNA of a companys culture is built at ski tracks or offsite. Alejandro: Got it. Anthemos Georgiades: Yeah. Anthemos Georgiades: Yeah. Anthemos Georgiades: Yeah. So for the business, Anthemos, how much capital have you guys raised today? Now my cofounders were phenomenal in bringing them to meetings. So I think three months is an efficient round. How autonomous can people be at the junior levels? So yes, we have a great cap table. Anthemos Georgiades: Yeah. 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. 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. 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. 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. Saying that to your point, we see the deal was a successful and yet M&A is really hard to integrate. Retention is something I think about every day. Likewise. So M&A are strategic [33:48]. How flat is the company? In terms of investors, I guess two comments. Your second month you spend getting term sheets and documents signed. No. Anthemos Georgiades. 1.4.1 - Provisions of this Code Declared . But I will say the one thing is true is that you always raise on momentum. 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. 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. And so as you mature you look for a different kind of investor and that naturally tends to happen. glendale, az police activity today; archer lodge middle school calendar. Really, really nice to have you here and excited for the chat that we have ahead here. How do you scale like 20 million in revenue to 200 million in revenue and we didnt need the more product set investors because we already have fantastic people at that. Got it and before we actually dive in to the journey here, so consulting and. I think if you set these expectations from the very beginning that are super important. What are some tips for successfully navigating the rental market from a renter's perspective? Anthemos Georgiades, Zumper, European Founder, International Founders, Marketplace The process of renting apartments hasn't changed since Craigslist was introduced. Zumper which is a little bigger in terms of audience now caters more to urban professionals moving within cities. So I wouldnt be too picky early. Likewise. I think the startups end up wasting a lot of cash that could really extend runway but thats a different conversation. Then behind the scenes, Zumper will close the transaction with the landlord and set the renter up with kind of rent payment. So M&A are strategic [33:48]. "These markets had a huge net migration from New York and California, and they have held up," he says. The other large investor in this round [20:05] scale so once you have product market set, how do you scale that? How does the day to day at Zumper work? 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? Got it. Published by at June 13, 2022. So all good companies have multiple offers on the table. I think if you hire four cofounders like yourself, thats difficult and luckily we didnt have that problem. Oh wow, good question. 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. 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. Alejandro: Really, really nice to have you here and excited for the chat that we have ahead here. For Zumper's Georgiades, many Florida markets, such as Fort Lauderdale, Miami, Orlando, and Tampa, have been the big pandemic winners. Over time, its great to be able to bring in your team. 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]. It happened but I wouldnt say its like an obvious part. So I guess how did that consulting experience shape up your approach in terms of like tackling problems and the entrepreneurial journey itself?

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