In brief: In the thirty years since he co-founded the firm, Jensen Huang has helped take Nvidia from a company with $40,000 in the bank to one of the ten largest organizations in the world by market cap. But despite its $1.19 trillion valuation, the Team Green CEO still worries that Nvidia may one day fail.
Huang made his confession during the 2023 New York Times DealBook Summit (via Insider), where the NYT’s Andrew Sorkin asked Huang why he keeps talking about how he does everything to keep the company afloat.
Huang said that the challenges Nvidia has faced in the past have left him with the unshakable feeling the company won’t survive. In 1995, following the release and commercial failure of its first chip, the NV1, Nvidia nearly went bankrupt and had to lay off half its employees, leaving just 40, and move to a smaller office. Nvidia has had other close calls since then, too.
“I think when you build a company from the ground up, and you’ve experienced real adversity, and you really experienced nearly going out of business several times, that feeling stays with you,” Huang said.
In 2021, Huang appeared on the cover of Time magazine after he was named one of the most influential people of the year. He topped the ‘Most Popular CEO’ survey in October and Nvidia’s AI-driven soaring stock price has seen him become one of the 30 richest people in the world with a net worth of $44 billion. That would make most people feel pretty good about themselves, but it’s not always the case with Huang.
Source: Nvidia CEO Jensen Huang says he constantly worries that the company will fail