William Wang’s Encounter With Disaster Helped Create Vizio!
For some entrepreneurs, it is hard to define the moment their life turned to take them down a road to greatness. Every company founder, CEO, and inventor, though, has a moment when something changed for them or they made a connection no one else made and they were able to push their idea or business in a new, successful, direction. For William Wang, that seminal moment is very easy to define: he was in a plane crash. From that plane crash came Vizio!
William Wang is the Founder and Chief Executive Officer of Vizio. Vizio is one of the world’s largest – by sales volume – high definition LCD monitor manufacturers in the world. Wang was an entrepreneur and engineer until the year 2000. In 2000, Wang was aboard Singapore Airlines Flight 006 when it crashed. Thinking he was going to die, William Wang had an epiphany about what was important in life and he was overcome with the strong desire to make the lives of those he loved better and easier. After recovering from carbon monoxide poisoning, Wang divested himself of his business enterprises and established Vizio.
Having emigrated from Taiwan at age fourteen, Wang spent his teenage years in California in the late 1970s. He graduated from the University of Southern California in 1986 with a degree in Electrical Engineering. With that, he went to work for a Chinese computer monitor company’s technical support hotline. Hearing customer complaints and seeing the way the IBM standard monitor worked, William Wang believed he could produce a better monitor and with $350,000 of seed capital, he started MAG Innovision. MAG Innovision rode the dot com boom in the late 1990s to become a $600 million business.
As MAG Innovision experienced cash flow and management problems, William Wang explored several other business opportunities at once. He formed Princeton Graphic Systems and also began creating custom video slot machine displays. Around the same time, William Wang established a research and development company in Asia and started another business involving the production of Internet-enabled high-definition television sets. It was on the way back from meeting with creditors from his many failing businesses that William Wang was in the plane crash that changed his life.
With his life in jeopardy, William Wang realized how important his family and friends were and how much he wanted to make their lives easier. With his skill set, that translated to a desire to give them high-quality devices that were inexpensive to produce and buy that would require little to no after-the-sale customer support. So, Wang sold off his interests and used the money to found Vizio, which started producing HD television sets, computer monitors, tablet computers, smartphones and now computer systems.
Vizio was founded in reaction to an unfortunate disaster and one man’s near-death desire to change the world for the better. William Wang has taken that vision and made a $2 billion company from it!
About RESCUECOM:
RESCUECOM provides computer repair and computer support, 24/7: Meeting every tech support need including data recovery, virus removal, networking, wireless services, and computer support for all brands of hardware and software. For computer support or information on products, services, or computer repair, visit https://www.rescuecom.com or call 1-800-RESCUE-PC.
For More Information, Contact:
1-800-737-2837
CEO@rescuecom.com
Filed under: business, david milman, news, performance, rescuecom, technology