A reposted blog entry from http://tidbittitbits.blogspot.com. To view original post, click here.
Author's note: This was a moving, personal reflection from last week's first networking mixer with the Filipino Entrepreneurs Network (FEN).
A reposted blog entry from http://tidbittitbits.blogspot.com. To view original post, click here.
Author's note: This was a moving, personal reflection from last week's first networking mixer with the Filipino Entrepreneurs Network (FEN).
All good startups and smart entrepreneurs normally start with their own hard earned savings. That is the start. What happens after depends on the financial requirements of the new company and the ability of the business to provide the cash flow needed by the company to achieve the goals of the founders. All these have to scale according to those objectives. The answer to this fund-raising question DEPENDS ON THE ULTIMATE GOALS OF THE FOUNDERS/ENTREPRENEURS. The author shares 3 cases.
Out of curiosity (and in the context of Filipino technopreneurship and what it takes to communicate effectively to the global market), is being in the Philippines (and being associated with the "Philippine brand" if there is such a thing) bane or boon to founding a tech startup? Or does it matter at all?
Why is it that, unlike in India, there are very few IT/Tech companies (specifically software companies) in the Philippines have gone global.