William Saito: Fate favors the bold business start up entrepreneur
Los Angeles born, Japanese-American venture capitalist, William H. Saito, who grew up in La Verne, California; began what was to become his life-long interest in business startups and IT security software, as an internet geek while a junior high school student in the small city that lies about thirty miles east of Los Angeles. In the years since, Saito has gone on to helm one of the industry leaders in security software technology—I/O Software Inc., as well as see it later sold to industry giant, Microsoft; after it developed the world’s first biometric identification software. While many businessman would have been happy to rest on their laurels and retire to comfortable obscurity; this was only the beginning of Saitos’ enormously successful foray into business and IT security consulting.
He eventually became a venture capitalist who reinvented himself by moving east to Japan and becoming a trusted IT consultant and security advisor to many agencies within the Japanese government—including a direct advisor to then Prime Minister, Shinze Abe; as well as an appointment to the National Diet Committee, which had been dispatched by the Japanese government to investigate the disastrous Fukushima nuclear leak in 2011. Saito also sat on the advisory boards of many private sector companies who were also impressed by the man who had helmed such a widely-acclaimed and innovative upstart company that had altered the IT security software landscape in many ways.
His expertise and deep reservoir of knowledge was sought after by companies and organizations as varied as the 2020 Summer Olympics and Paralympics; the Japanese Ministry of Education, Culture, Sports, Science and Technology and Japan Airlines. Saito, who was named the 1998 Entrepreneur of the Year by firm Ernst & Young, NASDAQ and news agency, USA Today; has more recently offered his expansive knowledge as a consultant to small startup businesses and believes that based on his own personal experiences and backed by historical evidence—that fate favors the bold and innovative.
He firmly believes that those start up businesses that are most likely to step out of their comfort zone and seek alternative financial backing during times when most economic indicators would caution one to play it safe—are those most likely to survive and thrive in the precarious game of chance known as business start-up as he writes in the Huffington Post. While it may be counter-intuitive to many; Saito believes that history has clearly proven that the most successful startups have followed this formula. And honestly, who can argue with a guy who has provided one of the most epic blueprints of what a successful biz startup can accomplish?