As a young Chinese entrepreneur at the helm of the top US home security brand, Peter Wang, CEO of Foscam is – even today – a rare breed. But with his stellar business and technology credentials, the future is bright.
“I always forget my birthday. It's only when my colleagues are celebrating for me that I realize it's my birthday again.” Wang may forget his birthday, but he certainly recalls the day he set up Foscam on December 26, 2007, at the age of 30.
Coming from a semiconductor background, the avid opportunist was frequently in touch with electronics and power-supply manufacturers when he served as sales person for a semiconductor company. He came to realize that the finished product was the business he wanted to devote to.
In its early stages Foscam churned out series of UFO-styled IP cameras for small-scale projects in Europe. But like all rookies on a batting field, it was not always smooth sailing. One of the issues it had t...