MANILA, Philippines – There's a growing startup community in Southeast Asia, and it's one that venture capitalists are looking favorably at as it develops in the next few years.

Speaking with Rappler at the Geeks on a Beach event in Cebu on Thursday, August 21, 500 Startups Founding Partner Dave McClure talked about how the development of the world's venture capital industry and the Southeast Asian startup sector were both points of interest.