Nvidia’s Jensen Huang explained how difficult it has been to grow the chipmaker into a global winner. The CEO described the knowledge and talent needed, as well as the competition and challenges faced. Startup founders don’t know what they’re signing up for. — and that’s a good thing, Huang said.
It took 30 years to build Nvidia from scratch to a $3 trillion company, and Jensen Huang pushed himself to the limit.
“Starting a company is insanely difficult,” the company’s co-founders said in a video shown on “Acquired Live” last month and posted online this week.
“The number of things you have to know. The great people you have to surround yourself with. The adversaries and all the smart things they’re going to do. The adversity you’re going to face over time.”
Fan added that if he had “experienced all the challenges, all the hardships, all the pain and suffering of the past 32 years and compressed it into a 29-year-old brain, there is nothing.” . I’m sure that person would have started a company. ”
He emphasized that if he had known what NVIDIA would ultimately accomplish, he definitely would have founded the company. Huang’s aim is to highlight how difficult it is to build a successful business and why ignorance is a “superpower” for entrepreneurs – not knowing what you’re getting into. The purpose was to emphasize that
growing pains
Nvidia remains the poster child for the artificial intelligence boom. The company’s stock price has soared eightfold since early 2023, driven by frenzied demand for its microchips that power all kinds of AI technology.
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The company generated approximately $30 billion in revenue and $17 billion in operating profit for the three months ended July 28, according to its latest financial report. This comfortably exceeds the roughly $27 billion in sales and $10 billion in net income it brought in for its entire 2022 fiscal year.
Nvidia’s stock price has risen almost 180% in the past 12 months, and the company is now worth $3 trillion.
Huang, who is the 13th richest person in the world with a net worth of $107 billion, according to Bloomberg, detailed how difficult it was to get to this point on the Acquired podcast last year.
“Building NVIDIA turned out to be a million times harder than I expected, and much more difficult than any of us expected,” he said. How vulnerable we would be if we were then aware of the pain and suffering.” I don’t think anyone in their right mind would start a company, given the hardships, embarrassment and embarrassment they would endure, and the list of things that could go wrong. ”
Huang added that with current knowledge, he would think twice about starting a company and enduring such hardship. “I think that’s too much. It’s too much.”