"I fear brain drain. If you aren't optimistic about your country in the long term and want to move somewhere else, it creates a net outflow of talent that makes it hard for the ecosystem to build. There are very few countries in the world that actually have a net outflow. To have it continuously for so many years, especially when there's no war or push factor, is quite an interesting dynamic. This drives the FinTech sector. There's a self-perpetuating cycle here, where nobody wants to upset this flow. But from a tech ecosystem standpoint, there's so much more to build in the Philippines." - Jeremy Au
"I see a lot of my founders asking for support specifically for product manager and growth lead talents. We lack that a little bit because tech giants are all regional. So a lot of the positions are actually Singapore-based compared to being Manila-based, which is a bit of a lacking cohort of product managers and senior growth lead talents that some of our startups need, especially at Series B stages. I think that's the biggest gap." - Mark Sng
In this episode, Jeremy Au speaks on the Philippines market dive (macros, fintech, and founders outside Manila), positives (demand, culture, language) versus improvements, thanks to Foxmont Capital Partners and BCG.
Keywords: Philippines Market Dive, Macros, Fintech, Founders Outside Manila, Demand, Culture, Language, Philippines, FinTech, Thought Leadership
