Tim Grassin is a Co-Founder of TendoPay (Iterative S20), the largest online installment provider in the Philippine. On this episode, I talk to Tim about his earlier influences, switching from finance to entrepreneurship, how he built a multi-million dollar design agency, why he gave that up to start a startup in the Philippines and how they tested their initial idea by building a fake website that sold fake products to see if people would try their fake financing product.
Iterative is a YC style accelerator focused exclusively on Southeast Asia by the founders of Divvy (a16z, GIC), Weave (YCS14), Decide (acquired by eBay) who have collectively raised $100M+ in VC. Iterative invests US $150K into early stage startups twice a year then works with them intensely for 3 months culminating in a Demo Day.