Quickly: I joined Dave and Geeks on a Plane in Manila last minute. Justin Hall of GG Ventures best sums up my take away of Manila:
…which further enforces what I’ve been thinking about since coming back from Singapore and Bangkok. “Is a country’s GDP an accurate indicator of potential when it comes to startups from emerging nations?”
Manila particularly stands out to me, as the community is healthy and enthusiastic. Founders work together, there is a pay it forward type culture I haven’t seen elsewhere. This type of camaraderie is reminiscent of Silicon Valley around 2006-07ish, before the startup ecosystem blew-up.
Potential capital is of course, first and foremost the thing investors look at. But as someone who believes in the power of mentorship and how entrepreneurs nurturing other entrepreneurs is one of the main reasons why Silicon Valley is Silicon Valley, GDP shouldn’t be the only thing people focus on when it comes to building products. This is why to me, the Philippines is the country I am the most excited about in Southeast Asia.
Either which way, now is the best time to be in Southeast Asia, as the ecosystem is still in its infancy.
Added: just came across the blog of Oliver Segovia, founder of an eCommerce company AVA.
Aside from building a great platform, turns out he is an author of several books and blogs as well. He has an essay on the Philippines’ ecosystem and his vision of the innovation economy there. If you are the slightest bit interested in SEA, this insightful piece lays out the Philippines: “A Vision for the Philippines’ Innovation Economy, & a 4-Point Plan to Achieve It (and why it does NOT include Venture Capital)“