Technology Leader William Saito on the Opportunities of Econonomic Downturns

William Saito is an entrepreneur, author, and recognized leader in the technology industry. During his long career, he has served as the founder of numerous startups, including I/O Software, Inc. Through I/O Software, Inc., William Saito oversaw the development of cybersecurity solutions in partnership with such companies as Sony and Microsoft. The company was acquired by Microsoft after innovation of authentication software used by Microsoft Windows. William Saito, who began his first company while still attending high school, has maintained a long interest in software development and entrepreneurship.

 

William Saito is a valuable contributor to the fields of technology and entrepreneurship. Because of his successful work, he has been become a distinguished authority on cybersecurity and provides consultation services to national governments around the world. William Saito has been named by Nikkei as one of the “100 Most Influential People for Japan” and is a start-up consultant for National Institute of Advanced Industrial Science and Technology as well as Foundation Board Member at the World Economic Forum (WEF). Recognized as a leader in the arena cybersecurity, he provides consultation to several national governments around the world.

 

In an interview conducted at a technology symposium in Tokyo, Japan, William Saito provided important advice to entrepreneurs and business leaders. During this interview, William Saito addressed the topic of entrepreneurship during times of economic downturn. William Saito observed that times of financial crisis can provide unique opportunities to develop the necessary skills for a successful business. William Saito noted that less availability of funding and higher risk for entrepreneurs often leads to increased fiscal responsibility and better business practices that ensure the long-term success of the company. Because of this, financial uncertainty can provide the ideal time for the entrepreneur to establish a new business.

 

During this interview, William Saito also discussed the different perceptions of risk between Asian and Western cultures. In Asian cultures, failure is avoided because there is a lack of acceptance for failure. William Saito contrasted the attitude of Western culture that failure is actually a stepping stone to success and something to be embraced by entrepreneurs. The observations made by William Saito are highly valuable because they enable the entrepreneur to recognize the many advantages of starting a business during times of economic adversity. Rather than avoiding risk, it should be embraced because economic downturns can become a platform of enduring success.

https://www.cnbc.com/video/2017/07/04/interpol.html