Nick Woodman Net Worth, How did the founder of GoPro camera accumulate his wealth? Check this article to find out more interesting facts about Nick Woodman Net Worth, his life and his career.
About Nick Woodman
He is the founder of GoPro, a camera that’s designed specifically to help sports enthusiasts and adrenaline junkies get incredibly clear and close up videos.
The cameras are often used in water sports, skydiving, biking and so on. However, they can also be used as a general video camera and come with a range of accessories to help fit in with the requirements of any extreme activity.
Nick Woodman Net Worth is down by almost $2 billion from several years ago; after GoPro, share prices fell significantly.
So what is Nick Woodman Net Worth? Continue reading to find out more about Nick Woodman Net Worth.
|Full Name:||Nick Woodman|
|Profession:||Founder of GoPro|
|Date of Birth:||June 24, 1975|
|Net Worth:||$800 Million|
Nick Woodman Early Life and Career
Nick was born on the 24th of June, 1975. He was raised in California where he attended university and achieved his degree in visual arts.
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Сделать приличное состояние на удачной идее? ✅Done! Ник Вудман, создатель экшн-камеры GoPro, дважды оступался в бизнесе, решил взять паузу и заняться серфингом. Выяснилось, что на рынке нет достойных камер для любителей экстремальных видов спорта. Итог – состояние Вудмана оценивается в $1,75 млн. На второй фотографии Ник в часах, оооочень похожих на Breitling Navitimer😉 #davinci_russia #gopro #nickwoodman #breitling #navitimer #никвудман #гопро #брайтлинг #навитаймер #москва
GoPro wasn’t his first business venture as he had actually previously attempted at building two companies before.
The first company was called Empowerall.com, a website selling electronic goods for incredibly small markups. The second was Funbug, a gaming website that allowed people the chance to win cash prizes.
Sadly, they were both failures, but it gave Nick the experience he needed to succeed with GoPro.
After he failed with his first two startups, he decided to travel the world to go surfing.
During his surfing tour in Australia and Indonesia, Nick Woodman attached a small 35mm camera to his hand using just a rubber band, in order to capture videos of himself whilst surfing.
Since many extreme sports enthusiasts like him are probably not professional photographers and had been struggling to capture high-quality recordings of their sports activities, that’s where Nick’s inspiration came from for the GoPro.
His idea was to create a belt that the camera could attach to, which would then attach to your body.
However, the first designs of the camera focused on the wrist cameras which would be incredibly useful for anyone wishing to point and shoot whilst being able to use both their hands.
Nick had originally borrowed a substantial amount of money from his parents in order to launch the GoPro. He borrowed $35,000 from his mother, and $200,000 from his father, to be precise.
The GoPro cameras have now become a phenomenon for anybody who’s into sports or traveling, and not only are their wrist straps but chest harnesses, head straps, water floats, and extending poles. You name it.
Nick Woodman Net Worth
As of 2019, Nick Woodman Net Worth is $800 Million. Nick Woodman Net Worth is earned from the GoPro camera.
5 Success Lessons from Nick Woodman
The Forbes magazine published a great article outlining 5 startup lessons from Nick Woodman himself. These five lessons from Nick are:
- Follow Your Passion
Nick Woodman’s passion was to surf. He went traveling around the world to surf, and so he could clearly see a need in the market for easy to use cameras in sporting activities.
He came up with this idea simply from following his passion and knowing what people with similar interests to him would want.
If you follow your passion, you’ll be able to identify the possible needs of people that are interested in the same things as you, and you’ll understand more about your target market.
- Fear Failure
Nick Woodman had already had two of his startups fail, and this experience really helped him out when founding GoPro. He was so worried that GoPro was going to end up like the other failed startups, he made sure he worked like crazy in order to make it a success.
It was this fear that drove him to put 100% effort into GoPro and made him push himself towards success.
- Obsess Over Your Product
Woodman was fixated on his idea on the GoPro and spent every single waking minute trying to improve upon the idea, sitting at his desk drawing out designs and such. Obsess over your product to make sure it becomes the best invention it could possibly be.
- Learn to Sell
Nick is a salesman, and over the years has taught himself how to chase and close deals. It’s one thing having a great product, but you need to have a great ability to negotiate and sell your products.
- Evolve or Die
It took a while for the GoPro cameras to get to the HD high pixel quality they’re at today. If they hadn’t been continuously evolving, they might have struggled to become the worldwide famous brand they are.
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