It was 2013 and I was in San Francisco reading the news about a European program that was going to "fund" new VCs. This would have been the beginning of the Startup community in Greece.
The issue is that most of these "VCs", were cookie-cutters: no Entrepreneurial background, no investing background. To kickstart a revolution, a radical change, you need people that take insane risks and act before anyone else does.
You need leaders, not followers.
So, I decided to start my own "fund", with zero money. I called it "The ZeroFund" and I was giving zero money for zero equity. Yes, zero for zero.
But I was giving something more important than anyone else. Network.
This superfast process forced you to launch, look for users and get your first "paying" customers all while supporting co-working spaces and making your product known. What else do you want?
ZeroFund went viral.
Google and Microsoft donated servers. Hundreds of people started following the companies. A-List mentors joined to help the Startups (CTO of AOL, right-hand man of Bill Gates, Google, Amazon, Microsoft etc). An accelerator in Silicon Valley flew the companies to a pitch-deck retreat in Italy. And one Startup got funding - and they made it to Series B.
ZeroFund was all about zero sum: We all win when we all win.
We never gave money but we gave access to a huge network.
We never took a percentage but we got to meet some epic people.
Why do I remember this after 9 years?
One of these companies got acquired for $75M yesterday. Insane.
ZeroFund during the years took different forms and occasionally I get an email about restarting it.
Maybe now with crypto it could be even easier. Or maybe there is no need because there are so many VCs out there.
Or maybe now it is a bigger need than ever.