Shownotes Transcript
If you have ever wondered how a start-up goes from a concept to raising venture capital, than you’ll love this episode. Glints, one of Singapore’s hottest start-ups is fortunate to be driving down a the dream start-up path: from finding an early investor, to joining an accelerator programme, to raising a seed round of investing, finally to closing a larger Series A financing round…all while growing their team from the 3 founders to now more than 20 people in Singapore and Indonesia. The Glints co-founders join us on the show and share their grand experience on determining valuations, finding investors, structuring the deals, and raising money.
Glints
Glints.com)** **
Recommended:
Tesla, Space X and the Quest for a Fantastic Future) – Elon Musk
Discussed (relevant links):
The Hub Coworking Space) JFDI Accelerator) Personality Test)
Show notes:
01:20 – Founders story before starting Glints 01:45 – How Glints was started 05:16 – The early vision for Glints 06:30 – Joining an accelerator 08:30 – Taking their first angel investments 12:30 – Deciding on Ivy league school vs. Glints 13:30 – Dropping out of school in the USA to pursue Glints 15:15 – Demo day 16:25 – Coming up with a valuation for seed round 17:20 – What were you looking for in your early investors? 17:25 – Fundraising advice 18:30 – Finding a lead investor 24:00 – Inside the Glints office 26:00 – Expansion into Indonesia 29:00 – Financial growth + Series A 30:00 – Difference in Seed and Series A investment 32:00 – Increasing my investment in the Series A 35:45 – Entrepreneur to investor 37:40 – VCs vs. Angel Investors 40:00 – How to get involved in the start-up scene 41:50 – Using the Series A funds for expansion
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