Making money from PH Start-ups - Is it possible?
There are so few examples of Start-ups in the PH going public, and making big money for investors.
It seem this is rare, because of the PH culture, which tends to look at Start-ups as jobs, rather than big profit opportunties
That may be why this rare story, got a lot of press inside the country:
Snapchat co-founder and CTO Bobby Murphy.
When it comes to Snapchat’s parent company Snap, which filed for a $3 billion IPO last week, you’re likely more familiar with the company’s CEO Evan Spiegel than its co-founder, Bobby Murphy. But as Snap’s chief technical officer, Murphy remains no less integral to Snap’s ongoing success than its better-known chief executive is.
Born and raised in Berkeley, Calif., the 28-year-old Filipino American co-founder met Spiegel at Stanford University while studying for a degree in mathematics and computational science. Now, with Snap gearing up to go public in March, Murphy is poised to have a whopping $4 billion net worth, according to Forbes.
Here are 4 things you might not know about soon-to-be billionaire:He makes half of what Spiegel does
According to Snap’s S-1 statement filed last week, Murphy earns $250,000 a year — just half of what Spiegel makes.