Nick Woodman Biography
Nick Woodman, ( born Nicholas D. Woodman ) the CEO and founder of GoPro, is an American entrepreneur who lives in the United States of America. In 2013, Woodman was named the national Ernst & Young Entrepreneur of the Year in the category of retail and consumer products.
Nick Woodman Career
He utilized a 35mm camera tied to the palm of his hand by a rubber band while on a surf tour in Australia and Indonesia to try to capture his surfing adventures on video. After seeing how difficult it was for amateur photographers like him to take high-quality action shots of their activities because they couldn’t get close enough to the action or couldn’t afford to buy sufficient quality equipment at reasonable rates, his trip inspired him to start GoPro. His approach was to create a camera belt that could be worn around the waist. Woodman borrowed $200,000 from his father, who still retained a 6.4 percent share in the company in May 2014.
When a Japanese company ordered 100 cameras at a sports event in 2004, Woodman made his first major sale. After that, sales doubled every year, and GoPro sold 2.3 million cameras in 2012. Woodman appeared on QVC in 2005 to promote his GoPro Hero. GoPro made around $150,000 in income in 2004, which increased to almost $350,000 in 2005. In December 2012, the Taiwanese contract manufacturer Foxconn paid $200 million for 8.88 percent of the company, valuing it at $2.25 billion and making Woodman, who owned the bulk of the stock, a billionaire. GoPro went public on June 26, 2014, and closed the day at $31.34 per share.
Between 2016 and 2018, GoPro made a series of employment layoffs. It slashed 100 employees, or 7% of his workforce, in January 2016. GoPro reduced another 15% of its personnel in November 2016 after seeking to diversify beyond its core business of action cameras and failing to achieve profitability in the entertainment section. In March 2017, there were more layoffs. GoPro said in January 2018 that drones would be removed from their product selection and that the company’s employment would be reduced from 1,254 to less than 1,000 people. Woodman has stated that he is willing to sell his GoPro. With the layoffs, GoPro reverted to its previous, more flat structure. “We made the decision to simplify everything and return to the business we knew and loved as a private firm,” Woodman adds
Nick Woodman Age
How old is Nick? Nick is 46 years old as of 24 July 2021. He was born on 24 June 1975 in Santa Clara County, California, United States.
Nick Woodman Education
Woodman went to Menlo School and graduated in 1993. In 1997, he graduated from the University of California, San Diego, with a bachelor’s degree in visual arts and a minor in creative writing.
Nick Woodman Nationality | Ethnicity
What ethnicity is Nick? he belongs to the white ethnicity/heritage, he was born and raised in Santa Clara County, California, the United States, and he holds American nationality.
Nick Woodman Family | Parents
The CEO and founder of GoPro Nick was born and raised in Santa Clara County, California, the United States, to Concepcion (née Socarras) and Dean Woodman, who is co-founded the investment bank, Robertson Stephens. Nick was born alongside his two siblings sisters; Andrea Moody and Pilar Woodman. His father is from a Quaker family and his mother is of Hispanic descent who later re-married Irwin Federman, General Partner of U.S. Venture Partners in 1992.
Nick Woodman Wife
Woodman is happily married to a sales manager in GoPro Jill R. Scully. The two have been blessed with three children and reside in Woodside, California.
Nick Woodman Salary
How much does he earn? Nick earned an estimated salary of $77.4 million. As well as other compensation, his package included a base salary of $800,000 and equity grants of $74.6 million.
Nick Woodman Net Worth
Nick has an estimated net worth of $300 million. He has accrued his wealth from his career as an entrepreneur, the CEO.
Nick Woodman House
In 2011, he purchased a 150-acre estate in Woodside, California, for $12.5 million. Because of the hiking and bike routes, he christened it “Boogie Ranch.” The property was listed for $20 million in July of 2020. It has a five-bedroom main home, two guest cottages, a toy barn, tractor barn, pool, and bocce court, as well as a toy barn, tractor barn, pool, and bocce court. He entrusted it to Golden Gate Sotheby’s International Realty with the task of finding a buyer willing to part with $20 million.
Nick Woodman Shark Tank
In 2015, GoPro and the NHL announced a partnership in which the NHL will use GoPro products to improve fans’ viewing experiences. Woodman was invited to speak at a number of tech conferences, and he was a guest on Stephen Colbert’s Late Show in October 2015, when he wore a GoPro camera for the duration of the discussion. Woodman made an appearance as a shark investor in the sixth season of the show Shark Tank. Woodman had put $125,000 into two Shark Tank ventures as of November 2015.