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 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.
Listen to ILAB 20 on iTunes here or subscribe on your favorite podcast app.
ILAB 20 Show Notes
Where are we:
What we are drinking:
Sam – Montes Purple Angel
Glints – Lagavulin 16
Tesla, Space X and the Quest for a Fantastic Future – Elon Musk
Discussed (relevant links):
The Hub Coworking Space
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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