does it need to have a google/paypal-like for start-ups to sprout in cebu?

New York Startups, Angel Investing and Talent, my take: http://www.caterina.net/archive/001227.html
http://www.caterina.net/archive/001227.html

And Matt is absolutely right that what New York really needs right now is a Billion Dollar Company — an eBay or a Google or a PayPal or a Facebook — and an exit that releases all the people working there from their obligations and frees them to go forth and start new companies. PayPal’s progeny are spectacular — LinkedIn, Yelp, Slide, YouTube — there needs to be something similar in New York.

(via Instapaper)

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