The fact that medium-returns internationally would make you rich in the Philippines is part of the appeal.
The fact that medium-returns internationally would make you rich in the Philippines is part of the appeal.
Maybe I am mistaken since I haven't personally participated in a start-up but the appeal just often leads to our major businesses eating up the smaller businesses. If there are small businesses that do indeed grow from this without being bought, it becomes such a brand-centric concept that promotes copycats rather than idea inventors.
I hope I am able to convey myself clearly. It's not that I disagree with your idea, it's just that I feel we already have this already. It certainly could be faster or more aggressive but nothing that would develop an idea culture. Even in the money culture - I fear it would end up morphing too much like an online MLM type of educational/culture development - a concept who's offline variety is already very popular among the poor and even middle classes in this country.