Here's a excerpt from inc magazine 's How I Did It column, on William Wang.Remember this guy because he is changing the electronics game, by dropping the cost on flat panel TV's and moving them is mass numbers out of warehouse stores like Costco, and Sam's club. Now you can go cop that 60" plasma for the Low($2499.99).When the founder of TV-maker Vizio--soon to be a $2 billion company--says it’s not about the money, believe him. Surviving a fiery plane crash gives a man some perspective.
William Wang knows about keeping things in perspective. As one of 96 survivors aboard a Singapore Airlines 747 that took off on the wrong runway in Taiwan, struck a construction site, and broke in two, Wang instantly realized that the difficulties of his various technology businesses weren’t such a big deal—not when 83 passengers and crew members were killed that day in 2000. Wang shut down all his businesses after the crash, and in 2003 got into the flat-screen TV business by launching Vizio. His idea was to combine low prices (now around $1,499 at retail for a 50-inch plasma) with high quality and exceptional customer support, and to make this approach profitable through extremely lean operations. Wang, 43, started the company with $600,000, and this year Vizio will generate more than $2 billion in sales. Yet it still employs just 80 people, most of them handling tech support out of the company’s Irvine, California, headquarters.
To read more of his story-click here
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