Apr 07, 2022
In Social Media Forum
He then started waking up five minutes earlier than usual to order his brain to invent something that could be patented. The most drinkable idea of those brainstormingearly risers was an electronic voice translator. He asked among his professors who could help him and came to Forrest S. Mozer, an atomic physicist who in 1974 had designed a calculator for the blind. The idea of the talking dictionary was not exactly new, but what motivated the scientist was the business model: a simple device to sell in airports and tourist areas. After some setbacks, the team arrived at a prototype keyboard, LCD screen and speech processor that, when inserted with the characters “konichiwa”, returned the phoneme “ hello ”. Masayoshi traveled to Japan with the crude device, visited a dozen Whatsapp Mobile Number List unexpectedly managed to sell the development patent for a million dollars. The one it bought was Sharp Corporation, the hundred-year-old Japanese company that in the 1980s was still at the top but, like other giants of the rising sun (Sony, Toshiba, Panasonic, Sanyo), did not resist the acceleration of the Internet and the rise of China . By 1990 he had invested in several ventures and in 1994 he went public with a valuation of $3 billion. In 1996 he launched Japan's first Internet portal: Yahoo! Japan , and by 1999 SoftBank was already the fifth largest company in the country. That year Newsweeknamed him "Asian of the Year" for his pivotal contribution to opening up the Japanese capital market and accelerating the growth of "risk takers who would have been stifled by more rigid rules." His big move was the creation of NASDAQ Japan (or JASDAQ), which he used to raise fresh funds for Japanese digital companies. The ascent was formidable. The fall too.