Quoted: GoPro founder makes Forbes list of billionaires

“I was so scared that I would fail again that I was totally committed to succeed.”

Nick Woodman, creator of the GoPro camera and first-timer on the Forbes list of the world’s billionaires. San Mateo-based GoPro touts the $200 to $400 cameras as “arguably the most versatile cameras in the world”; they can be found strapped on helmets, handlebars, surfboards and more. A $200 million investment in December by Chinese electronics manufacturer Foxconn boosted GoPro’s value to $2.5 billion, giving Woodman an estimated net worth of $1.3 billion, according to Forbes. Woodman, 37, grew up in Atherton and founded an online gaming company, FunBug, that failed during the dot-com crash. An avid surfer, he started working on a GoPro prototype — one that strapped to surfers’ wrists — in 2001, and sold the first one a few years later.  Skeptics question whether smartphones will eventually wipe out the need for GoPros, but Woodman reportedly says the two can coexist.

 

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