He Lost Money As A Young CEO. Then He Founded TV Giant VIZIO
By Shaun Hussain
July 7, 2019
In the late 1990s, the U.S. government was looking to push the TV market into the digital age. At the time, TV transmissions used analog technology, occupying a huge spectrum of bandwidth. The government wanted to instead auction off that bandwidth to cellphone manufacturers.
But the technology that would meet the new digital standards the government was pushing for was expensive — TVs would be about $14,000 a piece, Wang said.
He recalled telling himself: “I can do it for $3,000,” and started the business in 2002 that became Vizio. Now, the TV business is at another inflection point, Wang said, with new ways of streaming online transforming the industry.
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