William Saito recently had an interview published in Ideamensh where he discussed his philosophies and ideas in entrepreneurship. Saito is the CEO of Intecur and a venture capitalist that invests in Japan’s technology sector. He began his entrepreneurship career in his dorm at the University of California at Riverside where he created his first software company. He built his company I/O Software in 1991 and has also begun teaching at a variety of university positions. He also serves on a variety of boards for different international companies. He even served as an advisor to Prime Minister Abe and acted as an advisor in the nuclear meltdown and earthquake in 2011.
One of the main lessons Saito feels is important for any entrepreneur is the willingness to fail. Saito feels that one of the main qualities of a successful entrepreneur is having a high tolerance for risk and failure because he understands that not every idea is going to work out. He feels that failure isn’t something to resist but to move towards. Failure leads to innovation and isn’t negative. Instead, he feels it is a necessary part of moving forward, of learning what works and what doesn’t work and will eventually lead the entrepreneur to success. It allows the innovator to improve on their products and bring it into the world.
Saito’s day typically consists of helping people understand their problems with precision while also helping them develop innovative solutions. By helping companies and entrepreneurs find solutions, he feels it will help them bring better products to benefit people around the world. He also encourages entrepreneurs to embrace failure as a part of productivity. He feels it is a requirement for innovation and should not be dismissed or count as a lack of productivity.
Saito feels a key to his success is his “design thinking”. This allows him to bring ideas to life by failure. By failing quickly and fast, he is able to bring new ideas to the market place quickly while knowing the products are the best they can be. He is particularly excited about the innovations in information technology. He feels the collision of the cloud, A. I., cybersecurity, and machine learning are all very interesting with real world applications and consequences.
Saito recommends persistence for the entrepreneurs. He reveals that everyone makes mistakes, especially when an entrepreneur is just starting out. He reveals that even though you aren’t an expert on day one, if you are persistent you will become one eventually.