Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)Under the Radar: Making mentorship accessible for everyone – ADPList on monetisation; Possibility of a paid subscription model, B2B business vertical; Leveraging the value of its platform; Future capital raise after US$1.3m led by Surge in 2021; Cash burn rate and future plans
Imagine building a platform where you can search, book and meet mentors from around the world to seek career advice.
That’s what our guest for today did during the pandemic to make mentorship accessible for everyone.
Founded in 2020, ADPList is a global community of mentors and learners, and so far, the community has grown to over 14,000 people with over 15 million minutes mentored in about 140 countries.
But how does ADPList monetise the platform and position itself against other membership networks? Does the company see potential to work with corporations to develop tailored mentorship programmes, and craft out a B2B vertical for itself?
Separately, the company had in 2021 raised US$1.3 million in funding led by Seqoia’s Capital India’s accelerator programme Surge, as well as angel investors such as Carousell’s co-founder Quek Siu Rui, but what are ADPList’s future plans as far as capital raise is concerned?
On Under the Radar, Drive Time’s finance presenter Chua Tian Tian sat down with Felix Lee, Co-founder and CEO, ADPList for more.
