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Financial Crisis Says William Saito, Present Start-ups with an Opportunistic Chance to Grow

Born in 1970, William Saito went to the University of California for his Bachelor of Biomedical Science and later founded I/O Software Inc., a leading security software developer on the planet. He was the first person to invent a biometric authentication system selling the programming interface to more than 160 companies around the globe. Saito is placed among the leading cybersecurity authorities in the world.

 

William started software programming while still in elementary school, and by the time he was in high school, he had begun his firm. Saito was honored by USA Today, NASDAQ and Ernst & Young as the 1998’s Entrepreneur of the Year. He sold out his business in California in 2004 and founded InTecur, which is a firm aimed at helping innovative Japanese technologies find markets in the world.

 

Nikkei named him among 100 most influential persons in Japan, where he serves as a special adviser to the Prime Minister and the Cabinet Office of the government of Japan. William Saito serves as an adviser to several other national governments around the globe. Saito has an autobiography which was published in 2011 by the name, “An Unprogrammed Life: Adventures of an Incurable Entrepreneur” at John Wiley & Sons. He is a Founding Member of World Economic Forum (WEF) and a former vice chairman of Palo Alto Networks Japan. William Saito serves as the start-up consultant in Innovation Center for Start-ups (INCS) at Tokyo’s National Institute of Advanced Industrial Science and Technology.

 

According to William Saito, now is the time to create a sustainable economic start-up, since most successful companies were started at similar times of economic turmoil. He takes it as an opportunistic time since the barrier to get funding and people to back up start-ups are low as start-up entrepreneurs are highly likely to take on business constraints due to the financial crisis being experienced.

 

He advises start-up entrepreneurs to have a solid at the fiscal responsibility that will control their budgetary management. Moreover, He says that culture plays a part in how entrepreneurship takes shape especially in the wake of the financial crisis as the ones that have been experienced in the recent past. William Saito’s view is that Asian cultures do not accept failures as do Western cultures and therefore are not able to bounce back as fast as their western counterparts. He says that western culture seem to employ the opportunistic as in their start-ups taking failure is a stepping stone to better things.