Dado Banatao

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Diosdado P. Banatao
Born (1946-05-23) May 23, 1946 (age 68)
Malabbac, Iguig, Cagayan, Philippines
Nationality Filipino
Alma mater
Occupation Founder & Managing Partner of Tallwood Venture Capital, CEO of Ikanos Communications, Chairman of Philippine Development Foundation[1]
Known for single-chips, PHY chip
Board member of
T-RAM Semiconductor, Inc., Inphi Corporation, Alphion Corporation, Sirf Technology Inc., Quintic Corporation, Wilocity Ltd., Integrated Micro-Electronics[1]
Spouse(s) Maria Cariaga
Children
  • Rey Banatao
  • Desiare Banatao
  • Tala Banatao
Parents Salvador and Rosita Banatao

Diosdado P. Banatao (born May 23, 1946), is a Filipino entrepreneur and engineer working in the high-tech industry. He was born in a small barrio of Malabbac in the town of Iguig, Cagayan, Philippines.[2] A three-time start-up veteran, he co-founded Mostron, Chips and Technologies, and S3 Graphics.[3]

Background[edit]

Banatao was born on May 23, 1946 in Malabbac, Iguig, Cagayan, Philippines. His father, Salvador Banatao, was a farmer and later worked as an overseas Filipino worker in Guam while Dado was only nine years-old. His mother, Rosita Banatao, was a simple housekeeper.[2]

Banatao is known for his rags to riches story. During his childhood, he walked barefoot on a dirt road just to reach Malabbac Elementary School. He pursued his secondary education at the Jesuit-run Ateneo de Tuguegarao. After high school, he pursued his Bachelor of Science in Electric Engineering from the Mapúa Institute of Technology and graduated cum laude.[4][5]

After college, he turned down several job offers, including one from Meralco. He joined Philippine Airlines as a trainee pilot, and was later piloted by Boeing. At Boeing, he worked as a design engineer for the company's new commercial airliner and cargo transport aircraft, Boeing 747, in the United States. With the opportunity to stay in the United States, he then took his Master of Science in Electrical Engineering and Computer Science at Stanford University and finished in 1972.[2][6] Banatao also joined the Homebrew Computer Club, where he met Steve Jobs and Steve Wozniak.[7]

After finishing his master's degree, Banatao worked with different technology companies such as the National Semiconductor, Intersil, and Commodore International where he designed the first single chip, 16-bit microprocessor-based calculator.[2] In 1981, he discovered and invented the first 10-Mbit Ethernet CMOS with silicon coupler data-link control and transreceiver chip while working in SEEQ Technology. He was also credited for the first system logic chip set for IBM's PC-XT and the PC-AT; the local bus concept and the first Windows Graphics accelerator chip for personal computers.[8]

Career[edit]

Business[edit]

In 1984, Banatao and his business partner Francis Siu, founded a high-technology company, Mostron, starting with a capital of half a million US dollars. Mostron was launched as a manufacturer of motherboards. They also hired Ron Yara of Intel as a company executive. After he developed a five-chip set, he co-founded Chips and Technologies in 1985. The company developed system logic chip set for IBM's PC-XT and the PC-AT. The company earned $12 million in its first four months. After 22 months, the company went public. In 1989, Banatao launched his third start-up company, S3 Graphics, with Yara in Santa Clara, California. S3 focused on enhancing the graphic capabilities in personal computers by using a graphic accelerator chip. The key to this was, Banatao's invention of a local bus. The company had an initial public offering of $30 million. In 1996, the company became the leader of the graphic-chips market, beating a strong competitor, Cirrus Logic, Inc.. In the same year, Chips & Technologies was sold to Intel for about $300 million.[9] In 2000, he decided to start-up his own venture capital firm named Tallwood Venture Capital with a capital of US$300 million, all of which came from his own pocket. He later sold another company for more than $1 billion, where it had less than 20 employees.[10] Dado was also part of SiRF, where it started the consumerization of GPS after it had been declassified by the US Government.

In 2010, Banatao became Ikanos Communications' CEO after Michael Gulett resigned as the company's CEO and President.[11]

Philanthropy[edit]

Banatao and his family are into philanthropy. In the Philippines, Banatao through his Dado Banatao Educational Foundation, annually awards five educational scholarships to intelligent Filipino students who have bright futures in the field of engineering and technology.[12] Also, with Philippine Development Foundation which he chairs, he is helping send brilliant young Filipinos to school to help them reach their full potential. PhilDev was spun-off from Ayala Foundation's program. [13] Through his Banatao Filipino American Fund, he assists Northern California high school students of Filipino heritage who are pursuing a college education in engineering. He also built a computer center at his grade school in his childhood town of Iguig in Cagayan Valley, making it the only public school with the most modern computer network in the Philippines.[2]

Awards and Recognition[edit]

Awards received by Diosdado Banatao
Year Awarded by Award Category Result Source
1993 Asian Business League of San Francisco Asian Leadership Award Won [9]
1997 Philippine President Fidel V. Ramos Pamana Ng Filipino Award Won [9]
Ernst & Young, Inc. Magazine, and Merrill Lynch Business Financial Services Master Entrepreneur of the Year Award Won [4]
2011 Search to Involve Pilipino Americans (SIPA) Kalampusan Award Corporate Achievement Won [14]
Recognitions received by Diosdado Banatao
Year Organization Recognition Source
1993 National Ethnic Coalition of Organizations, Inc. (NECO) Ellis Island Medal of Honor [9]
1994
2002 The Forbes Midas List Rank 49 out of 100 [15]
2003 Rank 68 out of 100
2004 Rank 58 out of 100
2005 Rank 42 out of 100
2006 Rank 91 out of 100 [16]
2009 Mindanao State University - Iligan Institute of Technology Doctor of Technology (honoris causa) [17]

References[edit]

  1. ^ a b "Diosdado P. Banatao: Executive Profile and Biography". BusinessWeek. September 7, 2012. Retrieved September 10, 2012. 
  2. ^ a b c d e Tyrone Solee (June 11, 2009). "Dado Banatao Success Story". Millionaire Reacts. Retrieved September 10, 2012. 
  3. ^ Crisp, Penny and Lopez, Antonio (July 2000). "Making Good in Silicon Valley". Asiaweek 26 (08). 
  4. ^ a b Gonzalez, Bianca (June 3, 2012). "Where in the world is Dado Banatao?". 10 Things You Should Know About... The Philippine Star. Retrieved September 14, 2012. 
  5. ^ de Castro, Cynthia (September 27, 2009). "DIOSDADO ‘DADO’ BANATAO: ‘The Filipino Bill Gates’ comes to LA for Ayala Foundation USA’s business seminar". Asian Journal. p. 2. Retrieved September 14, 2012. 
  6. ^ Howard, Caroline J. (April 30, 2012). "Banatao: With culture of science, Filipinos can compete globally". ABS-CBN News. Retrieved September 14, 2012. 
  7. ^ http://asianjournal.com/lifestyle/diosdado-dado-banataos-odyssey-from-cagayan-valley-to-silicon-valley/
  8. ^ Villacorta, Carissa (April 29, 2012). "Investing in PH engineering talent". Philippine Daily Inquirer. Retrieved October 14, 2012. 
  9. ^ a b c d Hirahara, Naomi (2003). Distinguished Asian American Business Leaders. Greenwood Publishing Group. p. 242. ISBN 1573563447. 
  10. ^ http://phildev.org/wp/2012/05/17/phildev-chairman-dado-banatao-talks-to-rappler-com/
  11. ^ Brown, Steven E.F. (April 28, 2010). "Ikanos Communications CEO quits". San Francisco Business Times. Retrieved October 14, 2012. 
  12. ^ "The Filipino Champion: Dado Banatao". Balitang America. September 15, 2011. Retrieved October 14, 2012. 
  13. ^ "Banatao: With the culture of science, Filipinos can compete globally". ABS-CBN News. April 30, 2012. Retrieved October 14, 2012. 
  14. ^ Abarquez-Delacruz, Prosy (April 30, 2011). "Dado Banatao keynotes SIPA 39th Anniversary Benefit Dinner". Asian Journal. Retrieved October 14, 2012. 
  15. ^ "Pinoy Tech Billionaire Profile: Diosdado Banatao". Nego Sentro. May 31, 2012. Retrieved October 14, 2012. 
  16. ^ "The Forbes Midas List 2006". Forbes. Retrieved October 14, 2012. 
  17. ^ Polito, Rabindranath S. (March 30, 2009). "MSU-IIT’s 39th Commencement Exercises". Mindanao State University - Iligan Institute of Technology. Retrieved September 10, 2012.