COVID-19 crisis could generate future tech unicorns, says BEENEXT partner Teruhide Sato

COVID-19 crisis could generate future tech unicorns, says BEENEXT partner Teruhide Sato

For all the havoc wreaked by the COVID-19 pandemic, the global health crisis could be the perfect breeding ground for future tech unicorns, according to Teruhide Sato, founder and managing partner of Singapore-based VC firm BEENEXT.

The pandemic, which has forced people to maintain social distancing, has highlighted the value of mobile internet connectivity. Additionally, from a business point of view, the economic slowdown has forced companies to be more cost-efficient and value-driven.

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