FILIPINO serial entrepreneur and investor, Jose “Joe” Maristela III, said he is making available $1-M investment fund for start-up Filipino enterprises through his venture-capital firm, Katalyst.PH.
Despite the emergence of local start-up accelerators, innovation hubs, venture capitalists (VCs) and angel investors, in the Philippine start-up scene, the ecosystem still faces many barriers. Capital flowing in is too small compared to other markets.
Filipino serial entrepreneur and investor Jose “Joe” Maristela III announced through his venture capital firm, Katalyst.PH, a new wave of investment fund amounting to $1 million.
Filipino serial entrepreneur and investor, Jose "Joe" Maristella III announced a new wave of investment fund amounting to one million US dollars (USD 1,000,000) through his venture capital firm, Katalyst.PH.
In the Philippines, the startup ecosystem faces many difficulties despite the emergence of local startup accelerators, innovation hubs, venture capitalists (VCs), and angel investors. The capital inflow is too small compared to other markets.The government roadmap, envisioning 500 startups with total funding of USD 200 million and valuation of USD 2 billion by 2020 is quite a stretch, but not impossible because of the boundless possibilities tech start-ups have.
Joe Maristela is a young Filipino American visionary entrepreneur and founder of Katalyst.ph. His family owns and operates a number of BPO companies, including Star Business Centers offering backend services in the healthcare industry in the United States and the Philippines. As a passionate entrepreneur and angel investor in the startup community, Joe is also behind Qwikwire and Satoshi Citadel Industries as an investor.
Maristela aims to become a trailblazer in the Philippines by culvitating communities of startups and investors, creating a platform called Katalyst.ph which he envisioned to be a global community where startups and investors become the very catalysts of progress for the Philippines and forwardly, the world.
Editor’s note: This interview is based on a lecture by Joe Maristela presented in July 2016 during the First-Annual Future of Health: Telemedicine and AI Summit in Ho Chi Minh City, Vietnam.
The process of performing due diligence is quite basic and required for any founder seeking investors.
In as much as investors perform due diligence on founders—it goes both ways. Founders should perform due diligence on investors and consider the investor’s “whole package”. They should not just accept an offer from the first investor willing to put money down. Nor should the founder simply go with the investor that’s amenable to a startup’s highest valuation, or an investor willing to put the most money down. Cash and capital commitments are only part of the equation.
Time: Friday, July 8, 8:30 – 6:00pm
Organizers: VSee/ POC: Phuong Vu
Please join us for the “Future of Health: Telemedicine and AI conference,” organized by the U.S. Consulate in Ho Chi Minh City in collaboration with VSee and the Ho Chi Minh University of Science. The conference will take place on July 8, 2016 from 8 a.m.-6 p.m. Hear from distinguished speakers, including two-time Academy Award winner and digital animation pioneer Richard Huang, serial entrepreneur Joe Maristela, and VSee CEO Milton Chen, and bring your questions and ideas about healthcare, AI, telemedicine technology, and the business of digital health. Then, meet and network with guest speakers from around the world. The conference will also feature a pitch competition, featuring students from the Ho Chi Minh University of Science, who have been working on telemedicine and AI projects for their final year thesis.
Please register for the conference at https://vsee-achcmc.eventbrite.com. Space is limited, so please register soon.
Startup businesses take on a slightly different path, than businesses in the Silicon Valley, where Katalyst.ph founder, Joe Maristela, got his start as an independent investor and portfolio manager for his family office.
In 2009, Maristela launched a healthcare BPO that’s now headquartered in Makati City. In 2015, this BPO had matured enough for him to step away from day-to-day operations, and so, Maristela decided to launch an independent one million dollar investment program—his own money, his own investment theses.
Seedstars World, the global seed-stage startup competition for emerging markets and fast-growing startup scenes, returned to the third time to Manila on May 21. With a mission to empower entrepreneurs in emerging markets, Seedstars World travels to over 60 countries, allowing its selected entrepreneurs to win up to US$1 million and gather a global investor and mentor network.
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Seedstars Manila was held at Launchgarage, the newly opened innovation hub in Quezon City, and brought several key ecosystem builders in the city, such as Brainsparks, Acceler8, Yes Philippines, and Impact Hub Manila. The judges for the event were Jay Fajardo, CEO of Launchgarage, Judah Hirsch, CEO of Salarium, angel-investors Anderson Tan and Joe Maristela, as well as Benjamin Benaim, one of the founding partners of Seedstars World.
YES has been doing its share in expanding the startup community by raising the standard of competitiveness among local startups. Last Aug. 8, YES in partnership with Ye! Group of Netherlands successfully launched the Startup Summit, which showcased national startup competition where the top 10 winners were awarded scholarship training to Amsterdam. This December, YES is also hosting the national finals competition for USA-based 1776 Challenge Cup where the winner will represent the Philippines to regional finals in Seoul, Korea. This year’s GEW campaign would not be successful without the generous support of YES partners namely Joe Maristela of Katalyst.ph, Juan Paolo dela Vega and Jenn Lim of YES National, Matt Jaeggi and Ces Rondario of Impact Hub Manila, and all the members and officers of YES chapters.
In preparation for the participants’ pitches, workshops on developing startup-worthy ideas were led by design maverick Brian Tenorio, Kalibrr’s Joan Magno and Roxanne Lim, ASES President Jaime Young, Raymond Castillo of Uber, Mark Panganiban of Shopinas, IdeaSpace’s Goldy Yancha and Andrew Cua, and Joe Maristela and Pinky Natividad of Katalyst.ph.
Joe Maristela, a healthcare entrepreneur, has invested $100,000 in Satoshi Citadel Industries (SCI) and has challenged other traditional business owners to follow him by investing in Philippine technologies. SCI is an umbrella firm for seven Philippine bitcoin companies, including Rebit.ph, a remittance service, Bitmarket.ph, a bitcoin payment processor, and the recently-acquired BuyBitcoin.ph, a bitcoin exchange.
This July, YouthHack Manila in partnership with Katalyst.ph will be holding the YouthHack Manila Startup Challenge on July 25 and 26 in Xavier School. More than 250 students, including both high school and university students, will gather for an opportunity to learn more about startups and entrepreneurship.
Students will get the opportunity to hear from experienced entrepreneurs and businessmen like Kalibrr CEO Paul Rivera, ABS-CBN Chief Digital Officer Donald Lim, Chikka Founder Dennis Mendiola and Katalyst.ph Co-founder Mercedita Natividad.
This will be followed by workshops in ideation, prototyping, product development, growth hacking, marketing, user experience and pitching. These workshops will be led by mentors from IdeaSpace, Kalibrr, Uber, Buybitcoin.ph and Founder Institute. These workshops will be followed by a fire-pitching session where students can gain direct feedback from mentors.