Philippines

“We already have troops there, and we already have resources. We need to double them up and give Philippines the confidence, especially given that President Marcos is taking massive risks.”

“Today, 16% of the Philippines GDP come through call centers.”

“Just last week we signed a historic deal with the Philippines, 4000 acres, right next to Subic Bay where we're gonna build a first-of-its-kind AI-native industrial park, and the goal is really to secure inputs that are vital for American and global supply chai…”

“When they ranked the Asian countries most likely to industrialize, Burma and the Philippines were near the top. Korea was near the bottom.”

“We made this arrangement with them where they are granting us 4000 acres, which is obviously very substantial. It's a third of the size of Manhattan. To do a very large industrial build out that's one of a kind that, that helps combine the predictability and c…”

“We have two years, a two-year window to negotiate the details with our, ah, Filipino counterparts on the investor protections that will apply to the land, the tax, taxation regimes, and, ah, and all of the different, you know, legal safeguards that investors w…”

“In the Philippines, or in Mexico, or in Brazil, or in Japan, and other markets, or Australia, Korea, there are stablecoins coming”

“One of the reasons we picked it for assistance is being an executive assistant is really taking care of someone.”

“What we're seeing a lot of is you add AI technology to American companies. They're now much more efficient. They don't need to outsource a lot of these more repetitive tasks. So I think the area that will be hit the hardest is probably abroad in places like In…”

“Yeah, and the point is that the only labor it's cutting out is the Philippines labor. It's like, that's who's suffering.”

“A lot of people, they will get trapped in like you'll see this where the ads do really well for the first like 14 days. And then suddenly they start getting all this cheap traffic from like the Philippines or India. And they're like, I don't even know how that…”

“Our top five markets now are the US, Brazil, Indonesia, India, and the Philippines.”

“India is not, it's a large country with a lot of people, but the number of people who can spend 10,000 dollars a year on discretionary spend is much smaller number. To take that to Southeast Asia and you take that percentage of people who can spend the same am…”

“Specifically one person that was running the e-com, I said to her, everyone is always fascinated that I found some of the Philippines to fully run a business at the time is doing, I think five and a half million dollars where I was not involved in the operatio…”

“So I had that business run on its own for Two and a half years, I would say, while I was involved in a financial technology company, which I got involved in because of my staffing business, that financial technology company scaled massively. It was a point in …”

“Today, Philippines has reached its saturation point. There's not many more English speakers available in the country who can support this industry, and this industry is still growing double digits even today, right?”

“Malaysia, Thailand, Philippines, and Singapore and all that, they have a lot of manufacturing and not so much on the fab, but on the backend, we call packaging and so on. But the depth of, you know, engineering requirements, right? Are still not there, right? …”

“Our support team is super technical and this leads, we don't have like an outsourced support team in India or the Philippines. And this leads to the fact that sure we're paying a premium for these people, but they're delivering extremely high quality support t…”

“When we started that emerging markets fund the only markets were open at that time. Were Hong Kong, Philippines, Malaysia, Singapore Thailand, and Mexico. That was it. All the other, of course, that time, China was closed. Russia was closed. Most of Latin Amer…”

“Our alliance with Japan in a military and geopolitical sense is vastly underestimated to a lesser extent with the Philippines, but emphatically with Japan.”

“In the Philippines, you would, Like, there are almost no therapists and psychiatrists because there's just simply no work because nobody would go to them.”

“So he has a thing called done. It's like a group of people that all agree. We're going to do X every day. And I forgot what X is. It might be walk a certain amount of steps, might be cold plunge, might be whatever it was. Let's assume you set the bar. And what…”

“Best staff on earth. Best attitude, education, knowledge, just phenomenal.”

“If Taiwan falls, it will make our ability to fulfill our treaty commitments with Japan and the Philippines, Impossible.”

“So I have an assistant in the Philippines, and it's like a thousand dollars a month, and she does it, right? So it's like, it is something that a lot of people could be doing.”

“We've been working with our EAs in the Philippines to do a lot of that admin work, and so they, we've we taught them how to do the daily check-ins, how to do, they even write the first draft of most of our retros now, because they can see all the daily updates…”

“By the way, I think remote work can really work, but it's not going to benefit the people who think like, it's not going to be people making 250,000 dollars a year hanging out in Jackson Hole. It's going to be geniuses in the developing world Making, you know,…”

“The business is roughly ten million dollars in, in run rate kind of revenue. And we have over 350 people in the Philippines already and over a hundred customers.”

“We were able to basically understand, ok, we need to exclude India. We need to exclude the Philippines, ah, from our chat. So actually now when you're in those locations, our chat wouldn't even show up anymore. And we knew, ok, for our Google Ads, we need to m…”

“Our internal staff there is about 25, then we have like 300 GAs working for clients”

“So you can hire a bunch of Indians and Filipinos to do your development work and your software testing work. But you may not want to hire them to do your sales and your marketing. If you're targeting a North American audience, because they may not have the cul…”

“And so she went from individual contributor to a manager of five and 10 proofreaders to then eventually a general manager of a team of a few hundred To eventually the head of our team in the Philippines managing over a thousand people.”

“One of the most successful, hard to get into outsourcing companies in the Philippines is JPMorgan Chase.”

“Or there's another company, a very popular expense company that allows employees to expense receipts. And they would have a feature called a smart scanning feature where you could take a picture of the receipt and then it would extract. But that wasn't a smart…”

“I'll be about 10 people total distributed between us Philippines and Africa.”

“For 15, actually, probably for 15 years, every document that was ever sent to me, legal document that was sent to me, SPA, Anything like companies selling, et cetera. I auto signed, or my, actually, my virtual assistant in the Philippines, who had my signature…”

“I think that this high salary inflation is not here to stay. I think what's happened is all these companies down in San Francisco are going, oh, crazy. We can hire cheap people in Canada, but they're not yet going, oh, hey, we can hire people in India and the …”

“Once you actually hire somebody who's from a call center industry, then those people will have great command of the English language at the same time. They have experience working at a U.S. Company, and they understand American mentality better.”

“So for us, we sort of do a sort of about 2000 pounds a month but that is for specific project costs.”

“So we have about 40% of our book in India, and it's the fact that ultimately we are looking for great companies that have long runways to really compound capital, and today India is a deeper market. There are more than 3000 listed companies, and so our ability…”

“The ecosystem here in the Philippines is not mature enough that they would want more equity on their side.”

“We will be launching in Southeast Asia towards the end of this year. Most likely in Indonesia and Philippines.”

“There's a DAO called Yield Guild Games that I've been participating and active in, and there have been people in the Philippines who have been earning a living wage playing.”

“The problems that you see in Indonesia, the problems that you see in Singapore, the problems that you see in Philippines or in Korea, they are all different. The market is different. The users is different. The habits, behaviors, everything is different. So fo…”

“When I look at the startup ecosystem in a given country, let's say Vietnam, for example, they generally are not building for a global audience. I don't just see this in Vietnam. I also see this in Japan and Korea and Philippines and most Southeast Asian countr…”

“One of the solutions that the team came up with was we ended up hiring 1100 people in the Philippines to go play the game, because we knew that if Western audiences participated in a beta with a game of this quality at this point in time, it could, you know, e…”

“We primarily source our talent in South America. We primarily source our talent in Vietnam. My business partner is actually Vietnamese and also the Philippines.”

“Places like the Philippines, Vietnam, Bangladesh, Mexico will gain as a result of that kind of second location as they scale back in China and scale up there.”

“You know, at that point in time, it was about seven, eight percent, but by leveraging the blockchain infrastructure, they were able to bring that cost down dramatically to sub two percent.”

“And 10% of Philippines GDP, you know, depends on remittance.”

“We have about 20 people in our office in the Kansas City, and then we have about 20 more in the Philippines.”

“People in New Guinea and Australia and the Philippines have about three to five percent of their DNA derived from Denisovans, archaic Denisovans who interbred with modern humans as modern humans settled these places.”

“The Chinese Not only have economic power, but they exercise economic power. So when the Philippines behaves in a way they don't like, they say, I think your bananas that you're importing to China may be suspect. So they just leave them on the dock till they ro…”

“The Philippines now has more workers and more revenues from call centers than India does because they physically made a plan.”

“And that's why, you know, the Philippines and India and Vietnam, these countries that have the most such special economic zones are among the fastest growing countries in the world.”

“Because of falling cost of telecommunication, many of those jobs were outsourced to the Philippines and India. And now you have this Freakonomics reverse thing happening where those jobs are coming back to run in U.S. Data centers as software, not as U.S. Work…”

“So like in the Philippines, you're going to pay for that same developer, 1500 bucks a month for full-time work.”

“Actually, I never did anything to bring the Filipinos in. I talked to my team that were working for me and said, Hey, what can we do to market this? And they said, Oh, I can do this. Oh, I can do this. I can do this. And they went and did everything. I've neve…”

“We have 21 people full-time in the Philippines.”

“So total I have 49 people, but in North America we have like around 16 and rest of them are in Philippines and India.”