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The Rise and Fall of GoPro! So GoPro was an action camera brand started by Nick Woodman in 2002. He went on a surfing trip but couldn’t capture his best moments as expected. So he launched GoPro and introduced its first product—the Hero camera. Fast forward to 2014—GoPro went public, raising $427M at a $2.95B valuation. Nick Woodman got $284M in stock options, making him the highest paid CEOs in the US at the time. Then To diversify, they planned to enter the drone market. After talks with DJI failed, they made their own drone. But that backfired, leading to a $217M loss. By 2019, GoPro slashed its R&D budget by 57% to just $153M, while DJI and Insta360 kept innovating. At the same time, phone cameras got way better, reducing the need for a separate action camera for most people. Today, Gorpo which was once the king of action cameras, is valued at just $121M even below its book value and is losing money every quarter.
Hey I am on Medial • 1y
As DJI is banned in India, it is possible to start a manufacturing company like DJI in India?…. There are MAKE IN INDIA startups which just assembles drone, but what will be the roadmap if there exist a MADE IN INDIA drone startup for vision of becom
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Amid mounting backlash, OTT platform Ullu has delisted controversial reality show House Arrest over its “explicit” content and visuals. Hosted by actor Ajaz Khan, the show came under fire recently after a clip from the show went viral online for sug
See MoreHey I am on Medial • 6m
There is such an app in which even the local studio owners who run the cameras will get the benefit in which the people who go on trips to different places and want professional video shoot or images can book them through our app or contact that pers
See MoreFounder-Hexpertify.c... • 1y
Why is Innovation and Adaptability important ? Billions To Bankruptcy #5 In 1888 Kodak released the first simple camera for the general public with the slogan "You press the button, we do the rest’.The Kodak Roll flim Camera's user-friendly operati
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