Teruhide Sato in an interview at Startup Istanbul pointed at what startups on what they should focus on. Being a former entrepreneur turned investor Teru gave insights that are worth listening to by every startup founder.
What is your core advice to startups?
I think that an entrepreneur always have to think big, but also be very precise in his or her actions. So then the background economy here is not that good this year, but can be better next year. Remember, internet business is also recession resistant. For example Tokyo Japan has been 20 years in recession but internet business has grown so I think internet business can grow in any circumstances in any market so I think it has a good future, just keep going.
I’m also an entrepreneur, I just started my investment activities four years ago, I think really helping the entrepreneur, investing/betting in entrepreneurs I think it’s going to change the society so I hope I can do something more in this country and this region.
Here’s the full video on the interview.