To Build A Successful Company, 'Support Network' Is More Important Than Knowledge And Experience

Jensen Huang
CEO and co-founder of Nvidia

Founding a company is one thing, and to make it able to compete against rival is another thing. And making it successful is another different thing.

Being a founder and a leader of company is hard work.

Jensen Huang is regarded as one of the world's most visionary tech-sector leaders.

The Taiwan-born whose family relocated to Thailand and then the U.S. in his youth, said that if ever he goes back in time to 1993 to start all over again, even when retaining his knowledge and experience, he said that he wouldn't be able to achieve what he did.

"You have to get yourself to believe that it’s not that hard, because it’s way harder than you think. If I go taking all of my knowledge now and I go back, and I said, I’m going to endure that whole journey again, I think it’s too much. It is just too much."

"Building Nvidia turned out to be a million times harder than I expected it to be."

Jensen Huang

The thing that prevented him from giving up, is his fear. He said that he fears failing to facilitate success among his employees.

"I’m afraid of the same things today that I was in the very beginning of this company, which is letting the employees down."

"You have a lot of people who joined your company because they believe in your hopes and dreams, and they’ve adopted it as their hopes and dreams."

"You want to be right for them. You want to be successful for them. You want them to be able to build a great life […] The greatest fear is that you let them down."

Huang explained in the podcast interview that workers joining a company end up believing in its vision and taking on its aspirations as their own.

Founders and CEOs couldn't let them down. They have to work hard to fulfill the dreams and hopes of everyone on board with them.

Besides admitting that his 'superpower' is to admit things is not that hard when it is, Huang also credits "support network" for helping him.

Without them, Huang admits that he couldn't be anywhere near successful.

During doubts and when dealing with challenges, Huang credited these people who never gave up on him.

Huang recalled the time when Nvidia's share price was free falling, and that it was almost "too much to endure."

"It’s embarrassing no matter how you think about it," he said.

But yesterday is history, and Huang can only look forward to keep fulfilling the dreams of everyone in his company.

And Huang has high hopes in AI.

He said that the developments of AI relies heavily on chips, and this is an "enormous" opportunity for companies like Nvidia.

He believes that AI will "create more jobs," and because of that, he advises people to "learn how to use AI" as he argued that "jobs will change."

"Now, obviously, net generation of jobs doesn’t guarantee that any one human doesn’t get fired. That’s obviously true. It’s more likely that someone will lose a job to someone else, some other human that uses an AI," he added.