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The company was founded in 2002 as V Inc. by entrepreneur William Wang and two founding employees. [5] [6] [7] By 2004, Wang changed the company name to Vizio.[8] [9]In 2006, the company's revenue was estimated at $700 million, and in 2007 it was estimated to have exceeded $2 billion. [10]
In 2001, Gateway, Inc. asked Wang to help put together a TV plan. Ted Waitt, Gateway's then chairman, had been one of Wang's customers at MAG, his former company and had become a mentor to Wang. [2] Wang's team helped Gateway put together its 42-inch plasma TV system, priced at $2999. Comparable systems at the time sold for upwards of $6000. [3]
A smart TV, also known as a connected TV (CTV), is a traditional television set with integrated Internet and interactive Web 2.0 features that allow users to stream music and videos, browse the internet, and view photos.
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