For GoPro’s Nick Woodman, The Future Will Have More Drones And Virtual Reality
California surfer Nick Woodman is a persistent dreamer and now, his persistence is paying off tremendously.
In an interview with USA Today, Woodman revealed that he is actually 40, even declaring proudly that “Forty is the new 20.”
And at 40, he has a lot to be proud of. After all, he remains a devoted father to his three children while he takes his company GoPro to exciting new heights. What GoPro has to offer is actually a line of cameras that has been reimagined.
As Woodman would say, “GoPro helps people capture and share their lives’ most meaningful experiences with others—to celebrate them together. Like how a day on the mountain with friends is more meaningful than one spent alone, the sharing of our collective experiences makes our lives more fun.” Moreover, he explained,” The world’s most versatile cameras are what we make.”
In fact, recently, GoPro has just launched the HERO4 Session. It said to be the “smallest, lightest, most convenient GoPro yet.”
Moreover, what camera users can expect from this new camera that is about 40% lighter than the HERO4 camera is that while it produces the same “Emmy® Award-winning image quality and performance,” it also 50% smaller and more practical. For instance, the camera is water-proof, perfect for any outdoor adventure you can think of.
Meanwhile, Woodman also explained the inspiration behind creating their latest camera.
He said, “With HERO4 Session, we challenged ourselves to produce the smallest, lightest, most convenient GoPro possible. HERO4 Session combines the best of our engineering and user-experience know-how to deliver our most convenient life-capture solution, yet.” Furthermore, he added, “I’m so excited about the launch of HERO4 Session because now I can finally use mine in public!”
This excitement and positive energy is pretty much what fuels GoPro to keep coming out with more camera products that people would have never imagined plausible in the past. In fact, this may be the secret to why, in an era where more digital cameras are losing business, GoPro continues to stand strong.
Highest Paid CEO
In fact, USA Today has said that last year, Woodman was named by Bloomberg as America’s highest paid CEO with $248 million, based on a restricted stock unit package.
Moreover, GoPro has also managed to sell almost 15 million cameras with profits doubling last year. In addition, the GoPro business is now reportedly worth $7 billion.
Of all the success, Woodman has said, “We’re building a great business. The money is just a side product of that.”
Still, it does not mean that GoPro is free of challenges.
In fact, GoPro’s stock has been down 18% this year. Meanwhile, its revenue for the first quarter of 2015 revealed a solid $363 million, up by 54% year-on-year.
It has also recently informed its investors that it will acquire Kolor, a company specializing in virtual reality and spherical media solutions. The said acquisition will be in support of GoPro’s continuous goal to make the “world’s most versatile capture devices.”
Part of GoPro’s product pipeline in August will be to come out with a 16-camera unit that will bring its user into the world of virtual reality using Google’s Cardboard VR device.
As Woodman has said, “It will be really exciting to see what the world comes up with…what they do with the GoPro.”