[28 Mar] Adventures with Start-ups: Successes and Failures in Wonderland

In 2010, Philip Ammerman and his business partners agreed to fund one start-up or spin-off per year to 2020. A decision that was part as a social commitment and part self-challenge, the objective was to support brilliant ideas and talented minds, as well as their own feel of "what the hell let's do it" brainstorms.

Nine years and nine start-ups later, he looks back and reflects on what they have learned, and look forward to the next 10 years:

  • What motivates an angel investor to invest in start-ups (their experience), and how angels differ from VCs
  • What start-up founders should be prepared for in pitching, contracting and operating
  • What key success factors did they discover along the way, and where/why did they fail
  • How rapidly the start-up space has changed, and how to think about exits
  • What's coming up in the next 10 years!!
*ΚΕΠ 101 Approved

The event is co-organised with the UCY Entrepreneurship Student Club



Philip Ammerman is an experienced investment advisor, having advised on major investment and privatization transactions in Greece and internationally. He is founder of Navigator Consulting Group as well as several start-ups. He has extensive experience in the process of due diligence, business planning, profitability analysis and strategic development of enterprises.

Philip began his consulting career with Kienbaum and Partners, a leading German consulting firm specializing in public sector restructuring. With Kienbaum, he participated the restructuring of the senior management of the United Nations Development Program (UNDP), the Cyprus Tourism Organisation, Seliko a.s. Olomouc, and other organizations. He has advised the European Commission, the European Bank for Reconstruction and Development (EBRD), the United Nations Industrial Development Organization (UNIDO), the European Agency for Reconstruction (EAR), and a range of other public and private sector clients.

Since 1996, Philip has advised on Web 1.0 and Web 2.0 start-ups and growing enterprises. He has developed a detailed methodology on due diligence and financial modelling for seed, early stage and growth start-ups which has been deployed on over 30 funding rounds.

In 2010, Navigator Consulting launched its Entrepreneurship Charter, a commitment to support or launch 10 start-ups or spin-offs between 2011-2020. In this respect, seven new companies have been launched where Philip acts in a mentoring or Board capacity.

He has an AB in Geological and Geophysical Sciences from Princeton University (1994), a Certificate in African Studies from Princeton University (1994) and a Certificate in Human Resources Studies from Cornell University, School of Industrial and Labour Relations (2006).

Date: Wednesday, March 28th 2018, 14:00-16:00

Location: Amphitheatre B108 Anastasios G. Leventis University House

RVSP until March 16 2018 here or

*ΚΕΠ 101: Series of Lectures in Innovation and Entrepreneurship APPROVED


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