By Alexander Villafania
PASIG CITY, METRO MANILA – In the early years of the new millennium, “venture capitalism” and “angel investments” became buzzwords as the global technology industry followed the success of companies in the Silicon Valley area in the United States.
In the Philippines, large companies put up “technology incubation” agencies and even physical facilities that housed startup technology firms. But the disastrous “Dotcom Crash” of 2000 caused a dent in the concept as Filipino startup firms folded in the wake of disappearing investors.
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