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| Name | Jensen Huang, He says the 1st six months of NVIDIA on 2009 |
| Video Uploader | Video From Ms Mee - AI Users Tips, News |
| Upload Date | This Video Uploaded At 26-06-2024 17:16:31 |
| Video Discription | At 30, with no formal business or marketing education and unfamiliar with presentation software, I embarked on a journey to start a company. My first day coincided with my birthday, marking the beginning of an uncertain yet exciting venture. The initial days were spent in a townhouse in Fremont, where the founders and I would meet daily, often with little to do but chat and decide on lunch plans. The mundane routine included discussions about previous night's dinners and the anticipation of morning donuts. During this time, I educated myself on starting a business, raising funds, and understanding venture capitalism. Eventually, we incorporated the company with the help of a law firm, Cooley Godward. The incorporation required a nominal investment, which, humorously, was the cash we had on hand – $200 each. This small sum bought us each a significant stake in what would become Nvidia. Contrary to traditional practices, we never completed a business plan. I had attempted to learn from Gordon Bell's book on starting high-tech companies but realized that if I had read it in its entirety, we would have run out of time and money. Instead, I focused on action, meeting with venture capitalists to share our vision. Venture capitalists, I learned, are less interested in business plans and more in the people behind the company. Trust, reputation, and history are paramount. My previous work with notable industry figures like Andy Bechtelsheim and the founders of Synopsys and LSI Logic had built a solid reputation that preceded me. Additionally, having a vision for a sufficiently large market is crucial for attracting investment. VCs seek opportunities in markets with the potential for substantial returns, far exceeding the initial investment. The least important, yet still relevant, aspect is the originality of the idea. While having a novel concept is beneficial, the ability to adapt and reinvent is more critical. This adaptability hinges on the quality of the people involved. Great people are the cornerstone of a company's success and its capacity to evolve. In summary, starting a company at 30 without a business background was a leap of faith. The early days were filled with trivial conversations and small steps toward establishing the business. The real work began with incorporating the company and engaging with venture capitalists. The key takeaway is that people and vision drive a company's success, not meticulous business plans. This approach led to the founding of Nvidia, a testament to the power of great people and a grand vision. |
| Category | People & Blogs |
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