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Paul Pajo – Private Sector Investment in the Tech Startup Scene

Ep 053 Paul Pajo

Derek is joined again by Paul Pajo and they talked about private sector investment, Angel infrastructure, seed rounds and how it’s happening in the Philippines.

Summary

  • The telcos started this and invested heavily in startups at the beginning and that sent a signal to the other institutions that this can be done on a national or even a regional level.
  • Everyone started asking how they can be involved in hackathons and events.
  • People saw in Singapore that Hackathons are being used to solve problems like a problem-solving exercise.
  • People started appreciating the idea that they can utilize developer events to solve their own problems.
  • Five years ago, according to Paul, there weren’t many events and Hackathons but now they have six, seven events happening on the same weekend.
  • One model for them in the Telco is an incubator-accelerator. The other model is; people who own BPOs which are relatively successful become angels. So, they start investing in these companies. And it’s currently happening in countries like Malaysia and Singapore.
  • Mature developers go to events and competitions with better prizes while neophyte developers prefer the less competitive events.
  • There’s talk of 500 startups starting their own fund in the Philippines. According to Paul, that could happen this year.
  • A super angel gives out around 50 to 100 thousand US dollars for a seed round.
  • Paul encourages people who have extra money laying around to be part of an emerging market play.
  • Jessica Mah outsources her developers in the Philippines.
  • Paul said that people who are listening to this podcast can learn more wisdom and hacks and skip a few steps.

Key Points

  • Nowadays, Hackathons are being utilized as a problem-solving exercise which attracts more people to get involved.
  • The cost of a startup largely are the salaries allotted for building up technologies.
  • A super angel gives out around 50 to 100 thousand US dollars for a seed round.
  • According to Paul, there are foreign angels now.

Resources

  • outsourceaccelerator.com/podcast/episode53
  • https://twitter.com/pageman

Transcript

Expand transcript

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About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.