How Do We Support Homegrown Startup Companies?

Startups are often associated with technology enterprises. Thanks to the likes of Steve Jobs, Steve Wozniak, Bill Gates, Paul Allen, and the rest of the technology entrepreneurs at Silicon Valley, startup companies gained momentum in the past three decades or so.

Recent startups that made it big include Facebook, Twitter, Linkedin, Mashable, Huffington Post and a couple of other Social Media websites.

How about in the Philippines? Do we have a startup culture?

Last night, I had a Twitter conversation with Peter Cauton, the blogger behind JuanGreatLeap.com. Here’s how the conversation went:

I also read Peter’s blogpost here: It left me with the question: How can we support homegrown startup companies?

In the first place, what is a startup?

Eric Ries, author of the Lean Startup, offers a Startup definition:

“A startup is a human institution designed to deliver a new product or service under conditions of extreme uncertainty.”

It means then that startup is pretty much the product of entrepreneurship. Entrepreneurs face uncertainties. Lots of uncertainties. Yet, that doesn’t deter them from pursuing their vision. They launch their startups anyway. Continue reading