Essay
The Philippines Built a $40 Billion Industry It Doesn't Own
The Philippines built a $40 billion IT services industry — and almost none of the ownership. AI is about to expose that gap.
Essay
Vanity metrics die fast when your CFO demands grounded unit economics. Tonik's Wanda Pascua on building a revenue-first marketing org in a low-trust market.
Essay
This article is based on a conversation with Niña Terol Aquino, CEO and Co-Founder of FoundHer, and the gap that's costing the Philippines one of its biggest economic opportunities.
Ecosystem
Indonesia’s startup boom didn’t just stall — it got repriced, as the eFishery and TaniHub scandals turned “growth at all costs” into a permanent trust tax on every Indonesian founder raising capital.
The Philippines built a $40 billion IT services industry — and almost none of the ownership. AI is about to expose that gap.
This article is based on a conversation with Niña Terol Aquino, CEO and Co-Founder of FoundHer, and the gap that's costing the Philippines one of its biggest economic opportunities.
Indonesia’s startup boom didn’t just stall — it got repriced, as the eFishery and TaniHub scandals turned “growth at all costs” into a permanent trust tax on every Indonesian founder raising capital.
The Philippines’ startup problem is not talent, funding, or ambition—it is exit arithmetic. When capital markets cannot absorb high-growth companies, venture outcomes collapse regardless of founder quality or capital deployed.
For anyone building in SEA over the next 24 months: incorporate in Singapore and engineer unit economics for 12-month payback, or accept that institutional venture capital is structurally unavailable.
Founders in Southeast Asia know the math of dilution, but the ecosystem’s incentives push them to behave as if the math doesn’t matter.
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The Philippines’ startup problem is not talent, funding, or ambition—it is exit arithmetic. When capital markets cannot absorb high-growth companies, venture outcomes collapse regardless of founder quality or capital deployed.
January clarified the rules of participation in Southeast Asia’s tech ecosystem. Capital, exits, and AI deployment now reward preparedness, positioning, and institutional alignment.
For anyone building in SEA over the next 24 months: incorporate in Singapore and engineer unit economics for 12-month payback, or accept that institutional venture capital is structurally unavailable.
Founders in Southeast Asia know the math of dilution, but the ecosystem’s incentives push them to behave as if the math doesn’t matter.
Grab’s Web3 payments push, Google Pay’s PH debut, and SEA’s $300B+ digital economy headline a week of bold moves, game-changing regulation, and deep tech bets shaping the region’s future.
Integration expands digital wallet options as Philippines accelerates toward mobile-first commerce
Southeast Asia’s tech scene this week saw major consolidation moves, breakthrough digital infrastructure, and bold pivots in AI and payments—revealing an ecosystem where operational scale and regional specialization increasingly outpace old-school growth and VC narratives.
The founders who win aren’t the ones who raise the biggest checks—they’re the ones who know exactly what game they’re playing and have the courage to run it on their own terms.
Japan's startup ecosystem is learning to innovate the way Japan has always excelled: through discipline, precision, and the patient accumulation of small improvements that compound into transformation.
Jack Zhang turned a coffee shop headache into a $1B fintech. Here's what SEA founders can learn from the playbook he wrote—and how to adapt it for our fragmented reality.
Scarcity doesn’t hold Southeast Asian founders back—it sharpens their edge. In Manila’s pressure cooker, ambition thrives where patient capital is rare, challenging Silicon Valley’s playbook with hard-won resilience.
Technology makes content creation effortless, but widens the taste gap between what we produce and what truly matters. Excellence requires craft.