The Toad @ JFDI: Day 3 is for cohesion and Glint Intern's story
Day 3 at JFDI is for discussions with startups, while stories about individual teams start to roll out to paint in the detailsBy Theon Leong 25 Mar, 2014
The number three is supposed to hold some form of symbolic significance of cohesiveness. Why do people count out to three before cohesively tugging the rope in a tug of war? Why not count up to five or six?
Well, Day 3 is to do with cohesion of business concepts. Why? Because the 13 startups are all working hard to improve based on the feedback that the investors gave them during the pitch session. This means they will have to modify and piece together the parts of the business they know into a solid valuable proposition to investors by demo day, with some help from JFDI advisers.
The one-on-one serious discussions with JFDI on how to better strengthen their business concept seem to productive. JFDI really contributes in-depth information about the industry, helps consolidate the startup’s ideas and introduces the teams to individuals who can bring their business forward. However, I don’t want to be specific about their new strategies as it would only make sense if readers were more informed about the teams’ businesses.
Hence, going together with the overarching theme of cohesion, I have decided to paint more details about the various teams’ stories and ideas in my diary, both what is spoken and what is observed. So we’ll start in no particular order with Glints Intern of Singapore.
Its Founders are Looi Qin En, Oswald Yeo and Seah Ying Cong, who met in school through business plan competitions, but they’ve always wanted to conduct real business. The idea was sparked by the need from their schoolmates to be connected with various companies. On the other hand, the team was also aware that startups wanted to hire talented interns through frequent networking events. Thus, they decided to run an internship programme that eventually became Glints Intern.
Interesting to note, all the Glint Founders are 21 year-olds and have all not gone to college yet. This makes them the youngest team ever to be incubated by JFDI accelerator programme. They are working on this business full-time during their university pre-admission gap year. It must not have been an easy decision to enter entrepreneurship, seeing that they have been offered places in prestigious universities such as Stanford, California Berkeley, and Wharton Business School.
Glints is an internship portal to help companies and interns find each other based on not only their skills but also personalities. Their proprietary 10-questions personality profiling tools help companies look for interns who are also a cultural fit. I tried the personality test myself on the Glints website, and it turned out to be pretty intuitive and accurate. There are actually 16 possible combinations and it’s not a mere imitation of the Myers Briggs test or the DISC test. So do give it a whirl.
Oswald Yeo, Co-founder of Glints said, “We are incredibly excited to work with JFDI and its mentors to take Glints to the next level. There is no doubt that all that we have learnt and will learn from our startup journey will never be offered in traditional classrooms.”
To date, the daring go-getters have raised a substantial S$75,000 (US$59,143) from private business angels and JFDI, and aim to raise even more in their next round of funding on demo day to accelerate the startup’s roll-out across Southeast Asia. Take a peek into their personal thoughts on the bootcamp through their 100-days journal here.