Rene Benitez, one of the founders of the Manila Angel Investors Network , told BusinessMirror in an interview that the US is still the go- to market as it offers the biggest growth opportunities. “We are very inward looking in terms of market development. The strategic thinking is that the US is the global market followed by Europe.”
He also pointed out that the SaaS model has the higher value for startups as compared to the enterprise and e-commerce platforms. “How can you compete with the likes of Amazon and Lazada,” said Benitez in an interview on the sidelines of Main’s networking night in Makati City. Ty is the CEO of Gappify, a leading provider of accrual automation solutions for corporate accountants. Gappify is a Series-B funded cloud-based provider of financial reporting automation solutions.
“Right now, Main has 140 members. Technically speaking, we screen 80 startups a year. Every quarter, three are chosen for funding,” Benitez said.