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" People don't go buy GoPro for the thing; they buy it for what the thing does. "
Nick Woodman
Thing
People
Buy
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" Bootstrapping allows you total creative freedom. For example, if you decide to approach your business in a certain way that makes it a two- or three-year process to get to your first product, you can do that, versus being rushed into it by investors. "
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Creative
Business
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" I want to want to go to work in the morning. "
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Morning
Go
" One of my mentors early on was Eli Harari, the founder of SanDisk, who happened to be a friend of my dad's. "
Nick Woodman
Friend
Early
Who
" When I was 22, I realised I wanted to be an inventor. "
Nick Woodman
Wanted
Realised
Inventor
" You must, as an entrepreneur - if that's your position - be doing things that really move the needle. "
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Doing
You
Position
" Smartphones are always in your pocket. They're about reactive capture. "
Nick Woodman
Your
Always
Capture
" I'm half Puerto Rican. "
Nick Woodman
Puerto Rican
Half
Rican
" People are watching GoPro content not to decide whether they should buy it or not - they're watching it for the entertainment. "
Nick Woodman
People
Entertainment
Content
" Viral word-of-mouth marketing for GoPro is massive. Video is really the conduit. "
Nick Woodman
Really
Video
Word-Of-Mouth
" To get GoPro started, I moved back in with my parents and went to work seven days a week, 20 hours a day. I wrote off my personal life to make headway on it. "
Nick Woodman
Parents
Back
Week
" I don't want to wake up and see my kids going off to college and wonder what happened. "
Nick Woodman
Want
Wake Up
Off
" If we can become the de facto standard for image capture of unique perspectives around the world, we have a lot of growth ahead of us. "
Nick Woodman
Growth
Capture
Unique
" What makes 4K so interesting is it captures lifelike cinema-quality video. "
Nick Woodman
Captures
Video
Makes
" When I have a difficult decision to make, I imagine myself as a 90-year-old guy looking back on his life. I imagine what I'll think about myself at that point in time, and it always makes it really easy to go for it. You're only going to regret that you wimped out. "
Nick Woodman
Think
Time
Decision
" I lost $4 million of other people's money between the ages of 24 and 26. "
Nick Woodman
Lost
Million
People
" I was inspired by how Red Bull isn't about the drink; it isn't about the product or the can. Red Bull is a platform to celebrate all that humans are capable of accomplishing. They built a lifestyle movement, a brand that sold this product. "
Nick Woodman
Brand
Celebrate
Drink
" Now I'm the father of three young boys, I find myself using GoPro to film them more than anything - trips to the amusement park, the beach, the pool - just chasing them around as they grow. "
Nick Woodman
Beach
Father
Grow
" Disney produces fabulous movies around certain characters, and then they commercialize that engagement through toys, books, cruises. "
Nick Woodman
Fabulous
Through
Movies
" Automobiles are dangerous as all get-out. "
Nick Woodman
Dangerous
Automobiles
" Fear drives you a lot harder than success does. "
Nick Woodman
You
Than
Success
" Your passions are a bit like your fingerprints: Everybody has them; everybody's are different. One's passions may just be a guidebook to one's life. "
Nick Woodman
Life
Different
Just
" I decided that I want to live in a big world. And since then, any time I'm confronted with a challenging situation, I go for it. "
Nick Woodman
Live
World
Time
" My first business was a retro-gaming site where you'd go and play all these cool old-school games. It was a good idea but ahead of its time. "
Nick Woodman
Cool
Good
Play
" You know what the best thing about morning ski trips are? McDonald's! "
Nick Woodman
Ski
You
McDonald
" The smartphone killed the traditional camera industry because it subsumed all the functions of a traditional camera. "
Nick Woodman
Traditional
Because
Camera
" Losing other people's money was terrible. "
Nick Woodman
Money
Terrible
Losing
" A smartphone is great for when one person is documenting another thing or another person doing something. "
Nick Woodman
Something
Doing
Great
" I didn't want to take anybody else's money. I wanted to do something small that could be profitable from the beginning, and grow that way - and never need someone to write me a check to keep the business going. "
Nick Woodman
Beginning
Small
Money
" You have to ask yourself: how much does any one person or one family need? And when you start thinking about the universe as an organism, it's important that we, as components of that organism, take care of each other and ourselves. "
Nick Woodman
Care
Yourself
Thinking
" As long as you can bootstrap, not at the sacrifice of competitive advantage, bootstrapping is a really powerful thing because it allows you to be totally devoted to your vision. "
Nick Woodman
Sacrifice
You
Long