Joichi Ito Quote

Money creates a power relationship between the payer and the payee.

Joichi Ito

Money creates a power relationship between the payer and the payee.

Tags: relationship

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About Joichi Ito

Joichi "Joi" Ito (伊藤 穰一, Itō Jōichi, born June 19, 1966) is a Japanese entrepreneur and venture capitalist. He is the President of Chiba Institute of Technology. He is a former director of the MIT Media Lab, former professor of the practice of media arts and sciences at MIT, and a former visiting professor of practice at Harvard Law School. Ito has received recognition for his role as an entrepreneur focused on Internet and technology companies and has founded, among other companies, PSINet Japan, Digital Garage, and Infoseek Japan. Ito is general partner of Neoteny Labs, and former board member of Creative Commons (where he served as CEO), The Electronic Privacy Information Center (EPIC), The Internet Corporation for Assigned Names and Numbers (ICANN), John S. and James L. Knight Foundation, The New York Times Company, John D. and Catherine T. MacArthur Foundation, The Mozilla Foundation, The Open Source Initiative, and Sony Corporation. Ito wrote a monthly column in the Ideas section of Wired.Following the exposure of his personal and professional financial ties to sex offender and financier Jeffrey Epstein, Ito resigned from his roles at MIT, Harvard, the John D. and Catherine T. MacArthur Foundation, the Knight Foundation, PureTech Health, and The New York Times Company on September 7, 2019.