Ep 312 - The Hustle Behind DOON

EPISODE INTRODUCTION

Enrique Hormillo (CEO) and Miguel Locsin (COO) are the co-founders of DOON, a peer-to-peer car-sharing platform that transforms traditional rentals by linking car owners directly with renters. Enrique and Mixx share their rollercoaster journey from personal setbacks to raising $1.5 million in pre-seed funding to fuel growth and expansion, comprising $500,000 in equity and a $1 million debt facility. Investors include angel investors, family offices of tech entrepreneurs, and venture studio AHG Lab, DOON's first backer.

Episode Timeline: 

[00:03:36] - Enrique’s love for cars and the creation of DOON - an “Airbnb for cars”

[00:04:36] - Raising $1.5M and acquiring a car rental company

[00:09:43] - Passion for racing and its discipline directly fueled his entrepreneurial success

[00:16:56] - Overcoming personal financial sacrifices and internal and external challenges

[00:26:32] - Building DOON – from pandemic idea to investment success

[00:41:22] - Mixx’s hustle story and what brought him to DOON

[00:57:27] - A key investment reshaped the company and its expansion plans

"One thing I would really tell Enrique is like, yo man, I know we're in a rut now but we're gonna... I believe in what we're doing. We're gonna change how the Philippine landscape is."

-Miguel Locsin

Links: 
Enrique Hormillo (LinkedIn): linkedin.com/in/enrique-hormillo-77564b165

Miguel Locsin (LinkedIn):  https://www.linkedin.com/in/miguel-locsin-80224675/
DOON Philippines: https://www.doon.ph/

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