Rules that can be structured around produce complexity, not control.
Startup · Topic
GCash, Maya, the startup ecosystem, electronics exports and foreign ownership limits.
Rules that can be structured around produce complexity, not control.
An export figure dominated by imported content describes activity, not earnings.
Market size does not attract capital. Demonstrated returns do — and the exits have not happened yet.
Same customers, same app, same data — and different economics depending on which licence you hold.
The barrier to inclusion was physical, not technological. Software was never the problem.
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