Ep 222 - The Hustle Behind Bridge
EPISODE INTRODUCTION
David Bonifacio of Bridge Southeast joins us in this episode as he talks about how they are solving payroll for Filipino companies. David shares how he started his hustle with saving his father's company leading him into the right mindset as he built Bridge. He also shares how they impact the lives of employees using Bridge's payroll system. He also adds how he became a VC with TNB Aura and how he invests in Christian companies with Archangel Impact Capital.
EPISODE TOPICS
[00:04:20] David Bonifacio and Bridge Southeast
[00:06:00] What’s your hustle?
[00:08:09] The Hustleshare Time Machine
[00:11:25] Lessons from his Trip in Afghanistan
[00:14:56] David's formative years
[00:17:46] Saving his father's business
[00:18:46] Lessons about Value
[00:20:58] Shifting into the people-value mindset
[00:24:43] Turning negative 8-digits into Profit
[00:31:00] The origins of Bridge
[00:34:36] payroll processor
[00:35:00] Maximizing the payroll
[00:37:00] What good credit is about
[00:42:03] failures that made the Bridge
[00:45:02] How Bridge was affected by the Pandemic
[00:47:38] What attracted David to TNB Aura
[00:49:05] What kills companies
[00:51:50] Private Equity Vs. Venture Capital
[00:54:58] TNB Aura
[00:57:27] Type of startups David like investing on
[01:03:46] David as a Venture Partner
[01:06:45] David and the Archangel
[01:11:47] Tips for coping with the imbalances
Quotes from the Episode
"I realized that the most valuable people in my universe are people. Unlike materials used, everything that I was after was inert, no life" - David Bonifacio
"It acts like credit. It's money that you don't have. You just don't have to repay it. So in that case, a lot of us benefit from other people's capital being advanced to us. So the lower your interest rate is, the closer it becomes to being an investment." - David Bonifacio
Links from the episode: