Admond Lee

@admond1994

Helping you become the top 1% founder by learning from startup failures | 2x founder | 1 exit | Founder @ The Runway Ventures 🚀

Singapore

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Admond Lee
@admond1994
Jan 24, 2024
We started building Staq in Oct 2021. 1.5 years later, we closed down Staq. What happened? We were ambitious. We had big plans ahead. We wanted to build the most comprehensive and developer-friendly API to help businesses access SMEs’ financial data easily.
Admond Lee
@admond1994
May 3
$1.5 billion valuation. $631 million revenue. 1 million users. Sold for scraps. AUM collapsed 90%. Founders in court. 🇸🇬 Cake Group was Singapore's crypto success story. A profitable, founder-controlled fintech that rode the 2021 bull run without taking VC money. However...
Admond Lee
@admond1994
Jan 11
$10M of her own money. 12 years of building. Gone. Rosaline didn't fail because she lacked vision. She quit her corporate career at 50+, put $5M savings and $5M debt on the line, and started CXA from her living room in Singapore.
Admond Lee
@admond1994
Jul 5, 2025
How BYJU'S went from $22B to $0 after spending $2.5B on acquisitions, taking $1.2B loan, and $533 million of the loan went missing... P.S. The missing $533 million part was insane 👇🏻
Admond Lee
@admond1994
Jul 3, 2025
Soham Parekh is secretly building a $1M SaaS (Soham-as-a-Service) and making way more money than many other founders. Be like Soham.