William Wang

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William Wang
Born Taiwan
Residence United States
Alma mater University of Southern California
Occupation CEO of Vizio

William Wang is a Taiwanese-born American entrepreneur. He is the founder and CEO of Vizio.

Early life[edit]

Wang was born and raised in Taiwan, moved to Hawaii, United States at the age of 13 and then to California at the age of 14. He attended the University of Southern California and graduated with a degree in Electrical Engineering in 1986.[1]

Vizio[edit]

In 2000, Wang survived the crash of Singapore Airlines Flight 006, suffering only carbon monoxide poisoning. The event proved inspirational: in his potentially final moments, Wang thought first of his family and second of all the business-related headaches that were suddenly gone. The tragedy provided an opportunity for Wang to reorganize his thoughts and his life. Within two years, Wang had closed down all of his businesses before entering the television market.[2]

In 2001, Gateway, Inc. asked Wang to help put together a TV plan. Ted Waitt [Gateway’s then chairman] had been one of Wang’s customers at MAG, his former company and had become a mentor to Wang.[2] Wang’s team helped Gateway put together its 42-inch plasma TV system, priced at $2999. Comparable systems at the time sold for upwards of $6000.[3] Not long after that, Wang decided to get into the TV business for himself.

He started "V Inc." in 2002 with Laynie Newsome, Ken Lowe and $600,000.[4] His idea was to combine low prices with high quality and exceptional customer support, and to make this approach profitable through extremely lean operations.[2] He had originally wanted to name it W Inc. after being impressed with the Hotel W during a stay there, but settled for V when he learned that W had already been copyrighted. Later when V Inc. was found to be hard to pronounce, he renamed the company VIZIO Inc.[2] – the name used for their plasma TV. The company is now one of the largest sellers of LCD HDTVs in North America with $2.5 billion in revenue in 2009 and a three-year growth rate of 295.12%.[5]

Other Affiliations[edit]

Awards[edit]

  • 2012: USC Alumni Merit Award[8]
  • 2012: Forum for Corporate Director’s Award for Enhancement of Economic Value[9]
  • 2012: Orange County Business Journal Board of Achievement[10]
  • 2011: Chapman University’s Entrepreneur of the Year[11]
  • 2011: Entrepreneur of the Year, The OC Register[12]
  • April 26, 2010: OC 50 in Technology in the Orange County Business Journal[13]
  • 2010: Edison, AAPI, Asian Pacific American Award[14]
  • 2010: Innovative Leadership Award NAAAP in Orange County[15]
  • 2010: Orange County Business Journal, OC 50 Most Influential People[16]
  • 2010: Forbes 25 most notable Chinese Americans[17]
  • 2010: Orange County Business Journal, Business Person of the Year[18]
  • 2009: SCMBDC, Top Minority Entrepreneurs[19]
  • 2008: Orange County Business Journal, Entrepreneur Excellence Award[20]
  • 2008: Ernst and Young Entrepreneur of the Year Finalist[21]
  • 2008: Technology Fast 500 by Deloitte[22]
  • 2007: OC Metro Hot 25[23]

References[edit]

  1. ^ USC, USC Class of 86'
  2. ^ a b c d Wang, William (June 1, 2007). "How I Did It: William Wang, CEO, Vizio". Inc. 
  3. ^ Ogg, Erica. "The Secret of VIZIO's Success". CNET.com. CNET. Retrieved 10 Feb 2011. 
  4. ^ Ogg, Erica. "CNET". The Secret of VIZIO's Success. CNET.com. 
  5. ^ "The 2010 Inc. 5000: Top 10 Companies by Revenue". Inc. Retrieved 18 April 2011. 
  6. ^ Adams, Caitlin. "Segerstrom Center names five new directors to board". Segerstrom Center names five new directors to board. 
  7. ^ "USC Viterbi School of Engineering". USC Viterbi School of Engineering. 
  8. ^ March 2012 "2012 USC Alumni Merit Award". 
  9. ^ March 2012 "Forum for Corporate Director's Award". 
  10. ^ March 2012 "Orange County Business Journal". 
  11. ^ March 2012 "Chapman University". 
  12. ^ March 2012 "The OC Register". 
  13. ^ "2010 OC 50 - Technology". Orange County Business Journal. Retrieved 18 April 2011. 
  14. ^ April 2011 "Edison, AAPI". 
  15. ^ "Art and Entertainment Leadership Award". NAAAPOC.org. Retrieved 18 April 2011. 
  16. ^ "OC 50 Most Influential People". Retrieved 23 March 2012. 
  17. ^ "25 Notable Chinese-Americans". Forbes.com. Retrieved 18 April 2011. 
  18. ^ "Business Person of the Year". Retrieved 23 March 2012. 
  19. ^ "Top Minority Entrepreneurs". Retrieved 23 March 2012. 
  20. ^ "Entrepreneur Excellence Award". Retrieved 23 March 2012. 
  21. ^ "2008 Technology Fast 500: Driven by instinct, powered by success". Deloitte. Retrieved 18 April 2011. 
  22. ^ "Award Recipients for Ernst & Young Entrepreneur of the Year 2008 Award in Orange County/Desert Cities Announced". Ernst & Young. Retrieved 18 April 2011. 
  23. ^ "2007 Hottest 25 People in Orange County". OC Metro. Retrieved 18 April 2011.