2013 Dado Banatao- Chairman of PhilDev Foundation
Business
In 1984, Banatao and his business partner Francis Siu, founded a high-technology company, Mostron, starting with a capital of half a million US dollars. Mostron was launched as a manufacturer of motherboards. They also hired Ron Yara of Intel as a company executive. After he developed a five-chip set, he co-founded Chips and Technologies in 1985. The company developed system logic chip set for IBM's PC-XT and the PC-AT. The company earned $12 million in its first four months. After 22 months, the company went public. In 1989, Banatao launched his third start-up company, S3 Graphics, with Yara in Santa Clara, California. S3 focused on enhancing the graphic capabilities in personal computers by using a graphic accelerator chip. The key to this was, Banatao's invention of a local bus. The company had an initial public offering of $30 million. In 1996, the company became the leader of the graphic-chips market, beating a strong competitor, Cirrus Logic, Inc.. In the same year, Chips & Technologies was sold to Intel for about $300 million. In 2000, he decided to start-up his own venture capital firm named Tallwood Venture Capital with a capital of US$300 million, all of which came from his own pocket.
In 2010, Banatao became Ikanos Communications' CEO after Michael Gulett resigned as the company's CEO and President.
Philanthropy
Banatao and his family are into philanthropy. In the Philippines, Banatao through his Dado Banatao Educational Foundation, annually awards five educational scholarships to intelligent Filipino students who have bright futures in the field of engineering and technology. Also, with Philippine Development Foundation which he chairs, he is helping send brilliant young Filipinos to school to help them reach their full potential. Through his Banatao Filipino American Fund, he assists Northern California high school students of Filipino heritage who are pursuing a college education in engineering. He also built a computer center at his grade school in his childhood town of Iguig in Cagayan Valley, making it the only public school with the most modern computer network in the Philippines.
PhilDev is a non-profit organization in Manila, Philippines. The foundation’s mission is sustainable, long-term economic growth for the country. Our market-led strategy is to further develop the nation’s economy with the advancement of science and technology through programs in high tech education, research and entrepreneurship training. As an organization, PhilDev has a unique profile. A strong team of Filipino-American leaders in the private sector governs it, including: entrepreneurs, venture capitalists, investment executives, corporate executives, academic leaders as well as philanthropic leaders. Moreover, it is best characterized as a results oriented, high-impact organization with Filipino culture and motivation combined with US mindset, intellectual assets and ability to execute.
Taken 10-5-2013.
Read MoreIn 1984, Banatao and his business partner Francis Siu, founded a high-technology company, Mostron, starting with a capital of half a million US dollars. Mostron was launched as a manufacturer of motherboards. They also hired Ron Yara of Intel as a company executive. After he developed a five-chip set, he co-founded Chips and Technologies in 1985. The company developed system logic chip set for IBM's PC-XT and the PC-AT. The company earned $12 million in its first four months. After 22 months, the company went public. In 1989, Banatao launched his third start-up company, S3 Graphics, with Yara in Santa Clara, California. S3 focused on enhancing the graphic capabilities in personal computers by using a graphic accelerator chip. The key to this was, Banatao's invention of a local bus. The company had an initial public offering of $30 million. In 1996, the company became the leader of the graphic-chips market, beating a strong competitor, Cirrus Logic, Inc.. In the same year, Chips & Technologies was sold to Intel for about $300 million. In 2000, he decided to start-up his own venture capital firm named Tallwood Venture Capital with a capital of US$300 million, all of which came from his own pocket.
In 2010, Banatao became Ikanos Communications' CEO after Michael Gulett resigned as the company's CEO and President.
Philanthropy
Banatao and his family are into philanthropy. In the Philippines, Banatao through his Dado Banatao Educational Foundation, annually awards five educational scholarships to intelligent Filipino students who have bright futures in the field of engineering and technology. Also, with Philippine Development Foundation which he chairs, he is helping send brilliant young Filipinos to school to help them reach their full potential. Through his Banatao Filipino American Fund, he assists Northern California high school students of Filipino heritage who are pursuing a college education in engineering. He also built a computer center at his grade school in his childhood town of Iguig in Cagayan Valley, making it the only public school with the most modern computer network in the Philippines.
PhilDev is a non-profit organization in Manila, Philippines. The foundation’s mission is sustainable, long-term economic growth for the country. Our market-led strategy is to further develop the nation’s economy with the advancement of science and technology through programs in high tech education, research and entrepreneurship training. As an organization, PhilDev has a unique profile. A strong team of Filipino-American leaders in the private sector governs it, including: entrepreneurs, venture capitalists, investment executives, corporate executives, academic leaders as well as philanthropic leaders. Moreover, it is best characterized as a results oriented, high-impact organization with Filipino culture and motivation combined with US mindset, intellectual assets and ability to execute.
Taken 10-5-2013.
