Kalibrr Named First Filipino Company Chosen To Participate In Y Combinator
PALO ALTO, Calif., Jan. 22, 2013 /PRNewswire via COMTEX/ --
Kalibrr, an online learning platform designed to help users qualify for and land jobs with no cost to the applicant, announced today that the startup company is the first Filipino company to be accepted in Y Combinator. Founded in January 2012 by Paul Rivera, Kalibrr aims to create economic opportunities through learning and employment. The company currently focuses on helping middle class Filipinos acquire jobs in the booming business process outsourcing (BPO) industry. BPO refers to the outsourcing of certain responsibilities of specific business functions or processes such as customer service or IT support to a third-party service provider by large corporate companies. Companies pay a subscription fee to access and hire candidates through Kalibrr. At present, Kalibrr is focused on getting users in Metro Manila call center jobs. BPO's are the primary source of income for a huge population of the middle class in the Philippines.
With renowned programmer and venture capitalist Paul Graham at its helm, Y Combinator is the most prestigious program for budding startup entrepreneurs. In 2005, Y Combinator developed a new model of tech startup funding. Twice a year the group invests a small amount of money (average $18k) in a large number of startups. The startups move to Silicon Valley for 3 months, where they work intensively with the Y Combinator members in order to get the company into the best possible shape and refine their pitch to investors. Each cycle culminates in "Demo Day," when the startups present to a large audience of investors. YC's alumni network also continues to help founders for the life of their company, and beyond.
"We're extremely proud to be the first company in the Philippines to be recognized as a worthy contender on Y Combinator's global stage," says Paul Rivera, CEO of Kalibrr.
Rivera's goal is to take advantage of the network of mentors, advisors, and investors to realize its dream of building a successful business, increasing the Philippines's standing on the global stage, and being a role-model for other entrepreneurs in the Philippines.
For more information on Kalibrr, please visit www.kalibrr.com.
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