+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

America's highest-paid CEO shares what his first design taught him about success

Aug 6, 2015, 22:52 IST

Amazon.comThe GoPro Hero.

You could describe GoPro's first camera as clunky at best, but Nick Woodman, the highest-paid CEO in the US in 2014, according to Bloomberg, believes his first design offers an important lesson about success.

Advertisement

A far cry from today's compact designs, the GoPro Hero was a 35mm, waterproof film camera released in 2004 for just $19.99. Today's GoPros sell for closer to $300.

"But that said, that wonderful brick got us where we are today," Woodman said during his Reddit AMA last month."GoPro's early days are a great lesson [about] the potential of a humble beginning," Woodman continued. "You don't have to start of with a bang or a big idea - you just have to start. And then stick with it."GoPro's humble beginnings include a five-month-long surfing trip on which Woodman documented his adventures with a waterproof camera and some rubber bands. His company eventually went from selling camera straps with eight employees to creating and selling its own cameras and mounts. The company now employs more than 800 people and is a publicly traded company.

NOW WATCH: How Elon Musk can tell if job applicants are lying about their experience

Please enable Javascript to watch this video
Next Article