20: Glints Co-Founders: Mastering Early Stage Start-Up Investing

Invest Like a Boss

Sam Marks Johnny FD Derek Spartz

Business, Investing

4.8 • 518 Ratings

🗓️ 8 September 2016

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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

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

If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5 star review on iTunes and claim your bonus here!

Transcript

Click on a timestamp to play from that location

0:00.0	Ready to launch your business? Get started with the commerce platform made for entrepreneurs. Shopify is specially designed to help you start, run and grow your business with easy customizable themes that let you build your brand, marketing tools that get your products out there. Integrated shipping solutions that actually save you time. From startups to scaleups, online, in person and on the go shopify is made for entrepreneurs
0:23.3	like you sign up for your one dollar a month trial at shopify dot com slash setup welcome to the
0:31.3	invest like a boss podcast i'm sam marks and i'm johnny fd we're self-made entrepreneurs who invest
0:36.0	our own money and use modern technology to invest like a boss.
0:39.0	Join us each week for exclusive interviews with our network of modern investors, business owners, and multimillionaires to discover new ways to invest our hard-earned cash.
0:47.3	Hey everybody and welcome back to another episode of Invest Like a Boss. This is your co-host, Sam Marks, and I'm joined today with the co-founders of Glince.
0:54.8	They are the hottest startup in Singapore and very much the poster boys of the Singapore tech
0:59.0	scene. The reason I'm excited to have them on today is because my investment with them
1:03.2	was very much a journey in investing for me as an angel and them taking on investment as a
1:08.8	startup for the first time. So in this, we're going to discuss
1:11.4	their classic startup path from a concept to their first investor into an accelerator program,
1:17.2	then raising a seed round, and finally a Series A, which they've just closed and announced here
1:22.2	for the first time on the podcast. This episode should be very relevant to just about anyone
1:26.8	because the money I invested
1:28.1	originally in their seed round was in the very, very low five figure range, and at least on
1:32.8	paper that has grown to six times based on their current series A valuation. I also know
1:37.5	several people who have invested as little as five grand into startups, and although many
1:41.5	of those have gone to zero, several have returned as much as 50 times.
1:45.2	So as we proceed in our journey investing, we want to be able to share with you insight on
1:49.2	how you might look to invest in startups as you expand your portfolio. So with that,
1:53.8	please enjoy another episode of Invest Like a Boss with my friends and co-founders at Glintz.
1:58.6	Welcome back, everybody, to another episode of Invest Like a Boss.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Sam Marks Johnny FD Derek Spartz, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Sam Marks Johnny FD Derek Spartz and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.