Glints

Glints is an online recruitment and career discovery platform headquartered in Singapore . It is a platform for young talent to build up their career through internships and graduate jobs; Developing skill sets required in different careers.

The company was founded in August 2013 by Oswald Yeo, Looi Qin and Seah Ying Cong. The website was launched in January 2014. Through the website, users can apply for internships, full-time, part-time or project based positions with partnered companies. The website targets job hunters aged 16 to 26. Some major companies registered with Glints include Adidas and Puma. Glints is looking to expand operations beyond Singapore to other countries in the region. [1]

History of Glints

The company was founded by Oswald Yeo (CEO), Looi Qin En (COO) and Seah Ying Cong (CTO), who is back in high school, Hwa Chong Institution . Aged 22, 21 and 21 respectively, they were the youngest entrepreneurs in the Joyful Frog Digital Incubator ( JFDI ) program. [2] They realised that there are 75 million unemployed young people worldwide [3] and many employers are struggling to fill entry-level vacancies. Glints sought to bridge this mismatch between employ and skills. [4] Glints had a relatively simple upbringing, they started by helping theirs friends for their workshops by building up their career readiness through practical & real-world experiences. In August 2013 it has grown to over 7000 active members. [5] The trio have put their computer science degrees and scholarships on hold at Stanford, University of California Berkeley, and Wharton Business School respectively, in order to pursue the business. [6] Glints’ mission is to bridge the gap between education and employment by being a professional platform for young people focused on career discovery and development. In order to pursue the business. [6]Glints’ mission is to bridge the gap between education and employment by being a professional platform for young people focused on career discovery and development. In order to pursue the business. [6] Glints’ mission is to bridge the gap between education and employment by being a professional platform for young people focused on career discovery and development.

Funding

Joyful Frog Digital Incubator (JFDI.Asia) . In 2014 Glints had received US $ 59,940 in pre-seed money from private business angels and JFDI. [7] On October 20, 2014, Glints managed to secure $ 475,000 in an oversubscribed seed round from venture capitalists, led by East Ventures , with participation from 500 Startups , Infocomm Investments Darius Cheung, John Tan , SPH Media Fund , 8 Capital and Pix Vine Capital . These funds will be used to grow its engineering team to develop the platform. According to co-founder Oswald Yeo, they have turned away about US $ 250,000 as they “didn ‘

Features

User profile

Glints allows users to create profiles to showcase their relevant skills and experiences. Skills can be certified When users Demonstrate proficiency in the skills to a minimum standard, the feature is ALTHOUGH Currently in beta as of May 2015. [9] To the full profile, users can upload resumes and Their Own Their pictures to aid in identification. The account can then be used to source job opportunities using the various available filters.

Job listings

Employers create job postings and describe their needs and skill requirements. They are segregated into different industry functions and could be filtered with the industry filter function. Users may also narrow down their search results in different types of position, namely, internships, full-time, part-time and project-based type of jobs. Prospective employers are then able to receive applications from users and review each application individually; Glints uses a mix of human and algorithmic screening to bring companies quality candidates.

Glints DNA profiling test

The Glints dna profiling test was developed by Looi qin in, one of the co-founders. The test helps in profiling the personalities of interns. The test was developed and tested in a group of 50 people. The results were compared in order of correlation and similarities. One of the key features of this test was that of the usual 50-100 to 10. [10]

Business model

On the business model side of things, Glints will only charge employers once they contact a potential match. Glints’ entire database of jobseekers. [11]

Future developments and expansion

The company is working on a key feature called the “dynamic skills tree”. It works by recommending career paths to users based on their indicated interest. Each career path comes with a “skill tree” that shows projects, internships, and runs he can take. Glints profile, which employers can discover and then reach out to the person for an interview. [12]

Glints has plans to expand to the larger American market, with plans to settle in Blk 71 San Francisco as a member of the pioneer batch of occupants, using it as a base to build their network in this space first. [13]

Reception

Within the first three months, the firm has gained revenue of US $ 10,000. It has over 800 intern accounts and 200 internship petitions from companies. Line , Goldlion and Puma are hiring interns through Glints Intern. It is Currently in talks with financial giant Goldman Sachs to the Chat possibility of it using the portal to future hire interns as well. [14] Glints Intern was one of the top 50 startups listed to expect Echelon Ignite in Singapore. The trio made a pitch at the Singapore Echelon 2014 Satellite. The team though missed the coveted “winner” rank, but it certainly has managed to catch the eye of investors. The company claims that it has been approached by angel investors who are keen to pool in seed capital into the company, Mainly because of the traction and the vision of the company. [15]

References

  1. Jump up^ “Singapore Startups Stretching Their Wings in the US” . Retrieved 11 April 2015 .
  2. Jump up^ “Find out how 3 young men at 20s founded a startup” . Retrieved 10 April 2015 .
  3. Jump up^ “Employment” . Retrieved 15 April 2015 .
  4. Jump up^ “21 Year-Olds Drop Ivy League Scholarships to Solve Global Talent Problem, Raises Oversubscribed Seed Round” . Retrieved 10 April 2015 .
  5. Jump up^ “Recruitment startup Glints raises S $ 475,000 in seed funding from East Ventures, SPH Media Fund” . Retrieved 9 April 2015 .
  6. Jump up^ “Young Singapore Ivy League dropouts attract $ 475,000 in funding for startup” . Retrieved 9 April 2015 .
  7. Jump up^ “Glints team raises US $ 380K seed round, gives up Ivy League path” . Retrieved 11 April 2015 .
  8. Jump up^ “Glints turns away funds in oversubscribed US $ 475K seed round” . Retrieved 11 April 2015 .
  9. Jump up^ http://www.glints.com/support
  10. Jump up^ “Glints founders to shake up online recruitment, raise $ 475k in seed money” . Retrieved 15 April 2015 .
  11. Jump up^ “Glints founders to shake up online recruitment, raise $ 475k in seed money” . Retrieved 13 April 2015 .
  12. Jump up^ “Glints founders to shake up online recruitment, raise $ 475k in seed money” . Retrieved 11 April 2015 .
  13. Jump up^ “Singapore Startups Stretching Their Wings in the US” . Retrieved 11 April 2015 .
  14. Jump up^ “Youngest JFDI founders of internship portal Glints Intern in Echelon top 50” . Retrieved 13 April 2015 .
  15. Jump up^ “Echelon 2014: Can Glints be the JobsDB of the internship world?” . Retrieved 13 April 2015 .

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