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☆ Nvidia's CEO 'had no idea how to' start his $2 trillion company, and wouldn't do it again: 'Nobody in their right mind would do it'
▼ + stars: | 2024-05-11 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +1 min

So says Jensen Huang, who co-founded computer chip company Nvidia with fellow engineers Chris Malachowsky and Curtis Priem from a Denny's booth in 1993. None of us knew how to do anything," Huang recently told "60 Minutes" about the origins of the company. Today, Huang has been Nvidia's CEO for more than three decades, and he's grown the company — through ups and downs — into a $2.2 trillion tech giant that's helping to power the artificial intelligence boom. The co-founders had never run a business before, but Huang — a microprocessor designer — believed they could build a graphics processing unit (GPU) that would revolutionize video games and computer graphics, he said. If Huang could go back to 1993 and do it all again, he'd probably bail on Nvidia, he told the "Acquired" podcast in October 2023.

Persons: Jensen Huang, Chris Malachowsky, Curtis Priem, Huang, —, he'd Organizations: Nvidia

☆ 4 ways to get kids outside more often: It's a key to raising successful children, says ecological engineer
▼ + stars: | 2024-05-08 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +5 min

The annual challenge is a great example of ways kids can use digital tools "before, during and after" going outside to increase their connection to nature, says Galle. The point isn't to encourage kids to run around parks with screens in their faces, she notes: Rather, it's "an easy, educational way to get the kids outside, immersed in their environment, and learning something." EarthSnapThis nature identification app uses a smartphone or tablet's camera to identify more than two million different plants, animals, bugs and other aspects of nature. Tools like EarthSnap are useful for nurturing kids' interest in nature, especially if you aren't an expert outdoorsperson yourself, says Galle. Try using the app as a family, Galle advises: Kids often learn behaviors from their parents.

Persons: Nadina, —, NatureQuant Organizations: CNBC, Agents Locations: Nadina Galle, Our, Galle, who's

☆ TikTok sues to block prospective US app ban
▼ + stars: | 2024-05-07 | by ( Brian Fung | ) edition.cnn.com time to read: +9 min

If it loses, TikTok could be banned from US app stores unless its Chinese parent company, ByteDance, sells the app to a non-Chinese entity by mid-January 2025. But Virginia Democratic Sen. Mark Warner, an advocate for the TikTok legislation, said in remarks on the Senate floor in April that the briefings provided critical insight into the risk TikTok poses. US policymakers have described the law at issue as a forced divestiture of TikTok, not an outright app ban. Some US officials have been trying to ban TikTok from the United States since 2020, when former President Donald Trump moved to block the app by executive order. (Trump has since reversed his position, saying a TikTok ban would only help Meta, a company Trump blames for his 2020 election defeat.)

Persons: Washington CNN — TikTok, Joe Biden, TikTok, Bytedance, “, didn’t, Virginia Democratic Sen, Mark Warner, Warner, they’ve, They’ve, ”, Tuesday’s, ByteDance, TikTok’s, Berman, Evelyn Douek, Biden, Gautam Hans, Hans said, Jennifer Huddleston, Donald Trump, Trump, Douek, ” Douek Organizations: Washington CNN, Appeals, District of Columbia Circuit, Justice Department, Oracle, Foreign Investment, Republican, Democrat, Virginia Democratic, Senate, Stanford University, Cornell University . Still, Apple, Google, Cato Institute, European Commission, Trump Locations: China, United States, TikTok, Israel, Ukraine, Montana, Canada, United Kingdom, India

☆ Richard Branson shares the simple mindset that's key to his success: 'I don't ever think of myself as a businessperson'
▼ + stars: | 2024-05-03 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +1 min

Richard Branson doesn't think of himself as a businessman — and he believes that helped him build Virgin Group into what it is today. "I don't ever think of myself as a businessperson, or even really an entrepreneur," Branson tells CNBC Make It. "I just see myself as somebody that loves to create things that I can be proud of." "There's many things that we've done that we wouldn't have done if we'd listened to accountants," says Branson. Perhaps ironically, the strategy has proved lucrative for Branson, whose current net worth is estimated at $2.5 billion, according to Forbes.

Persons: Richard Branson doesn't, —, Branson, we'd Organizations: Virgin Group, CNBC, Virgin Atlantic, Virgin Galactic, Branson, Forbes Locations: Branson

☆ Richard Branson says money isn't a good way to measure success: Focus on this 1 word instead, it's 'all that really matters'
▼ + stars: | 2024-05-01 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +2 min

Richard Branson doesn't want to be defined by his money. Specifically, he finds it "quite insulting" when he is introduced as "the billionaire Richard Branson," rather than as the co-founder of Virgin Group, he tells CNBC Make It. "Maybe in America, 'billionaire' is a sign of success, but that rankles me," says Branson. "Your reputation is [whether] your team of people who work with you are proud of what they've created," Branson says. Financial success has often followed, but Branson is adamant that money has never been his chief motivating force.

Persons: Richard Branson doesn't, Richard Branson, Forbes —, they've, Branson, — Organizations: Virgin Group, CNBC, Branson, Virgin Atlantic, Virgin Mobile Locations: America, Branson, Vietnam

☆ Richard Branson says this decision helped build his $2.5B net worth: 'I don't think I would have gone to space' otherwise
▼ + stars: | 2024-04-29 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

He's referring to selling record label Virgin Records to Thorn EMI for nearly $1 billion in 1992. Branson needed the money to focus on a newer venture, Virgin Atlantic. CNBC Make It: How did you make the decision to sell Virgin Records? What I decided was: If I sold Virgin Records, all the people's jobs would be secure. I could then use that money to build and protect Virgin Atlantic.

Persons: Richard Branson, He's, —, Branson, Richard, Virgin, We'd, Janet Jackson Organizations: CNBC, Virgin Records, Thorn EMI, Virgin Atlantic, British Airways, Virgin Group, Forbes, Virgin Locations: London, Branson

☆ What this NFL Draft pick plans to do with his new money—from mutual funds and a Roth IRA to Air Jordan 1 sneakers
▼ + stars: | 2024-04-27 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

Fiske, 24, was drafted by the Los Angeles Rams in the second round of the 2024 NFL Draft on Friday evening. "I had never been around that much money," Fiske told MarketWatch last month. Together, they've discussed "how my financial life is going to change" upon signing an NFL contract, Fiske noted. "I'm putting money into mutual funds, index funds, high-yield savings accounts and maybe exploring new investment opportunities, too," he said, adding: "I also have a Roth IRA ... But that doesn't mean he won't splurge on a fun purchase: He's an avowed fan of Nike's Air Jordan 1 sneakers, for example.

Persons: Braden Fiske, —, Fiske, you've, they've, Roth, he's Organizations: Los Angeles Rams, Florida State University, FSU, NFL, Roth IRA, Air, Honda Accord, CNBC

☆ NFL draft prospect who could get a $2.7 million signing bonus still drives his old Honda Accord: 'It gets me from A to B'
▼ + stars: | 2024-04-25 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

That would mean a likely contract of around $8 million over four years, including a $2.7 million signing bonus, according to MarketWatch . The idea of young athletes reaping instant riches has long been an annual subplot of the NFL draft. The money I received gave me a peace of mind I did not have previously," Fiske told Business Insider. Though he made some savvy choices, Fiske admitted he made "a few mistakes" early on after receiving his NIL money. "I'm sure I'll give in once I see more 0s on my account," Fiske told MarketWatch.

Persons: Fiske, Braden Fiske, he's, He's, he'll Organizations: Honda Accord, Florida State University, NFL, NCAA, FSU, Business, IRA, Air, CNBC Locations: Detroit

☆ Vending machine founders get $1.5 million 'Shark Tank' offer—despite a business model Mark Cuban called 'a huge mistake'
▼ + stars: | 2024-04-23 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +2 min

Dan Braido, Audley Wilson and Andy Siegel are the co-founders of RoboBurger, which makes vending machines that dispense customized burgers — a concept they call "the future of fast food." Yet by the end of the episode, O'Leary teamed up with a guest judge, Fanatics CEO Michael Rubin, to offer the RoboBurger founders $1.5 million. Seeking $1.5 million despite no profitsThe trio of founders brought a vending machine for the judges to try. RoboBurger's vending machine on display on the set of ABC's "Shark Tank." At the time of filming, RoboBurger had been in "beta testing" for 18 months, with more than 12,000 burgers sold, the founders said.

Persons: Dan Braido, Audley Wilson, Andy Siegel, Kevin O'Leary, O'Leary, Michael Rubin, Rubin, Cuban, Christopher Willard, hadn't, Siegel, RoboBurger didn't, RoboBurger, Wilson Organizations: RoboBurger, Disney, Sharks Locations: Jersey City , New Jersey

☆ 4 things successful parents do to raise mentally strong kids
▼ + stars: | 2024-04-23 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +4 min

People with mental toughness exhibit a range of traits and qualities that make them more likely to be happy, successful people, including confidence, perseverance and resilience, research shows. Kids and adults alike can develop and hone mental toughness over time, researchers say. Here are four things parents can do to raise mentally strong children, according to psychologists and other parenting experts. The catchphrases should be short and easy to remember, according to Morin, who is also an author and host of The Verywell Mind Podcast. Teach them how — and when — to apologizeA key aspect of mental toughness is emotional intelligence, which includes empathy and self-awareness.

Persons: Amy Morin, Morin, Mary C, Murphy, you've, Wendy Suzuki, Michele Borba, we've, —, they've Organizations: CNBC

☆ Reed Hastings shares the 3-word tactic that helped make Netflix a $240 billion company—it's called 'farming for dissent'
▼ + stars: | 2024-04-20 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +1 min

If you work for Reed Hastings, you'd better be ready to express your dissatisfaction. Good leaders seek out critical feedback whenever possible, the Netflix co-founder and chairman recently told entrepreneur Tim Ferriss' podcast, "The Tim Ferriss Show." "Because it's difficult, emotionally, in most companies to disagree with your manager, we call it farming for dissent," he added. "We have managers do things like [ask]: 'What are three things you would do differently if you were in my job?'" The strategies that didn't work served as learning opportunities, he added.

Persons: Reed Hastings, you'd, Tim Ferriss, Hastings, he'd Organizations: Netflix

☆ Netflix co-founder swears by ‘great business philosophy’ from Jeff Bezos: ‘Take a lot of risks on things that are recoverable’
▼ + stars: | 2024-04-18 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

When it comes to taking risks, Netflix co-founder Reed Hastings has an important rule of thumb. "I try to take a lot of risks on things that are recoverable," Hastings said in a recent conversation on entrepreneur Tim Ferriss' podcast. A two-way door risk is easy to take because it's reversible, so "you can come back in and pick another door," Bezos said. But a one-way door risk probably can't be undone. In 2017, Hastings told CNBC he was actually pushing his content team to "take more risk" in that regard.

Persons: Reed Hastings, Hastings, Tim Ferriss, Jeff Bezos, Lex, Bezos, — Hastings, Ferriss, Fortune Organizations: Netflix, Amazon, CNBC, Peace Corps Locations: Swaziland, Africa

Berkowitz, 43, is the CEO and co-founder of Insomnia Cookies, a chain of late-night bakeries he started in 2002 as a college side hustle while attending the University of Pennsylvania. "2009 and 2010 [were] some of the hardest years ever at Insomnia Cookies," says Berkowitz. His wife Rebecca — who's also responsible for the name "Insomnia Cookies," Berkowitz says — responded with some perspective and optimism. "When I talk about the brand and our journey, [I often say] that Insomnia Cookies is a perseverance story," says Berkowitz. Sign up for CNBC's new online course How to Earn Passive Income Online to learn about common passive income streams, tips to get started and real-life success stories.

Persons: Seth Berkowitz, Berkowitz, Krispy Kreme, DON'T, Rebecca — who's, —, You've, he'd Organizations: University of Pennsylvania, CNBC, SEC Locations: —, Syracuse , New York, Champaign , Illinois

☆ Mark Cuban shares his No. 1 favorite way to inspire young kids—it's as easy as pointing to a lightbulb or chair
▼ + stars: | 2024-04-14 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

Mark Cuban has a simple tactic for inspiring young kids — and getting them to think about their own limitations, or lack thereof. "I get emails [from] kids around the world, because 'Shark Tank' is shown everywhere, asking me business questions," Cuban recently told the "Lex Fridman Podcast." The tactic is as simple as pointing to a lightbulb or chair. "When I go talk to elementary school kids, one of the things I do, I say, 'OK, let's look around. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.

Persons: Mark Cuban, Lex Fridman, Mary Murphy, Murphy, that's Organizations: Indiana University, CNBC, Cuban, CBS

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJustin's: How I built a peanut butter company and sold it for $281 millionJustin Gold got his homemade nut butters into Whole Foods, but still couldn't turn a profit — until a mountain biking ride inspired a new product that put Boulder, Colorado-based Justin's on the map. For more on how Denver and Boulder have rebuilt themselves as centers of business and industry, check out CNBC's primetime special, "Cities of Success: Denver & Boulder," premiering Thursday, April 11 at 10pm ET/PT.

Persons: Justin Gold Organizations: Denver & Locations: Boulder , Colorado, Denver, Boulder, Success, Denver & Boulder

"I'm on a mountain bike ride right here in Boulder, [Colorado], and I'm eating an energy gel [packet]," Gold told CNBC in a recent interview. "And I was curious why you couldn't put peanut butter or almond butter in that same type of squeeze pack and have an on-the-go, plant-based protein experience like an energy bar." Gold had been selling nut butters at a popular farmer's market in Boulder for two years by that point. But at the time, consumers still gravitated toward a handful of traditional peanut butter brands. Almond butter wasn't particularly popular yet, much less the flavor combinations Justin's was selling, like maple almond or chocolate hazelnut.

Persons: Justin Gold, Gold, He'd, Almond, Justin's Organizations: CNBC, Foods, Hormel Foods, SEC Locations: Boulder, Colorado

☆ CEO's college side hustle now brings in $200 million a year: His No. 1 piece of advice for dorm-room businesses
▼ + stars: | 2024-04-09 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

"One, get a mentor ... Find somebody who's done this before you, or done something similar," says Berkowitz. Here's why he recommends both, and his advice on picking your dorm room business idea. A trusted mentor can help for a simpler reason, too: "You don't know what you don't know," says Berkowitz. But most college students don't fully appreciate "how much time you have" to experiment with a variety of ideas and ventures, says Berkowitz. How to pick your dorm room business

Persons: — Seth Berkowitz, Berkowitz, he'd Organizations: University of Pennsylvania, CNBC Locations: New York, Philadelphia, Syracuse

☆ Mark Cuban says everyone has the potential to be ‘world-class great’ at one thing—here’s how to identify yours
▼ + stars: | 2024-04-07 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

Mark Cuban believes you're capable of greatness — as long as you stay open-minded enough to discover your strengths. "I'm a hardcore believer that everybody has something that they're really, really, really good at — that could be world-class great. "I [only] took one technology class in college, Fortran programming, and I cheated on it," Cuban said. "That's when I realized that I can be really, really good at technology." After getting fired from that sales job, Cuban started a software company called MicroSolutions, which he sold to CompuServe for $6 million in 1990.

Persons: Mark Cuban, Lex Fridman, he'd, Cuban Organizations: Cuban, Mellon Bank, Mellon, CompuServe, Yahoo, CNBC Locations: Pittsburgh, Dallas, Cuban

☆ Parents who raise successful, resilient kids never do these 5 things, experts say
▼ + stars: | 2024-04-05 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +5 min

Here are five things parents should try to never do if they want to raise successful, resilient kids, according to psychologists and other parenting experts. Resilient children typically have the confidence to bounce back from failures and continue taking necessary, calculated risks, research shows. "The more you trust your children to do things on their own, the more empowered they'll be," she wrote. "The most accomplished people reached their goals by failing along the way," wrote Morin. Kids learn more, and remember what they learn, when they're actively curious, research shows.

Persons: Esther Wojcicki, Wojcicki, they'll, Amy Morin, Morin, Steer, Michele Borba, we've, —, they're, Kumar Mehta, Aliza Pressman, Pressman Organizations: CNBC, Sinai Parenting Center

☆ 43-year-old started a side hustle in college with $150—now it brings in $200 million a year: It took 'everything that I had'
▼ + stars: | 2024-04-05 | by ( Tom Huddleston Jr. Lauren Shamo | Tom Huddleston Jr. | Lauren Shamo | ) www.cnbc.com time to read: +5 min

By the time he graduated in 2004, Berkowitz signed a lease to open Insomnia's first brick-and-mortar location, near another college campus in Syracuse, New York. Now, with Krispy Kreme looking to sell Insomnia, Berkowitz says he's "grateful for the journey." Seth Berkowitz estimates he spent roughly $150 on baking ingredients to start Insomnia Cookies. "2009 and 2010 [were] some of the hardest years ever at Insomnia Cookies," says Berkowitz, adding: "There wasn't anyone else to do it. 'Insomnia Cookies is a perseverance story'

Persons: Seth Berkowitz, Krispy, " Berkowitz, Berkowitz, he's, Grubhub, Uber, —, Jared Barnett —, Barnett Organizations: CNBC, University of Pennsylvania, Syracuse , New York ., College Park , Locations: Syracuse , New York, Champaign , Illinois, College Park , Maryland, Syracuse, New York, Philadelphia

☆ Nvidia CEO: Smart, successful people struggle with these 2 traits—but they kept my $2 trillion company from collapsing
▼ + stars: | 2024-03-30 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

But in 1996, it was three years old, facing layoffs and close to going out of business as a contract with a major partner — video game company Sega — fell apart. As part of the Sega contract, Nvidia needed to make chips for rendering 3D graphics on gaming consoles, Huang explained. Worse, during that period, Microsoft rolled out its DirectX software interface, which became a standard for gaming platforms — and it wasn't compatible with Nvidia's chips. Sega bought out its Nvidia contract, and used chips from Imagine Technologies' PowerVR for its Dreamcast consoles. It wasn't easy to admit Nvidia's mistake and humbly ask a client for understanding, Huang said: "These traits are the hardest for the brightest and most successful, like yourself."

Persons: It's, Jensen Huang, Sega —, Huang, — Organizations: Nvidia, Sega, National Taiwan University, Microsoft, Windows, Imagine Technologies, Dreamcast, CNBC

☆ 36-year-old founder of $2 billion company: ‘Being a young woman with little experience was like trying to run with boulders on my back'
▼ + stars: | 2024-03-29 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +1 min

Amber Venz Box always knew she wanted to run her own company. But when her marketing business got intensely popular, she was still in her early 20s — and she didn't exactly know what to do. When Box co-founded Dallas-based LTK in 2011, her goal was simple: Develop affiliate marketing tech to monetize her fashion blog. Today, LTK is a $2 billion company that connects influencers and bloggers with retail brands and their advertising dollars, but it didn't exactly go smoothly at first. "Being a young woman with little experience was like trying to run with boulders on my back, honestly," Box, 36, tells CNBC Make It.

Persons: Amber Venz, —, — Baxter, She'd Organizations: Dallas, CNBC

☆ 36-year-old launched a business to help her 'move out of my dad's house'—now it's worth $2 billion
▼ + stars: | 2024-03-27 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

Amber Venz Box launched RewardStyle in 2011 with a relatively modest goal: make enough money to move out of her father's house. "I was in my early 20s, living at home, still eating my dad's cereal," Box, now 36, tells CNBC Make It. Box's Dallas-based marketing company, now called LTK, helped pioneer the modern creator economy, connecting influencers and bloggers with retail brands' advertising dollars. It was most recently valued at $2 billion, after a 2021 investment from Japanese investment holding company SoftBank. "We found a defunct business in Fort Worth and drove over in Suburbans and trucks, and loaded up some chairs and some desks," says Box.

Persons: Amber Venz, Box's, Baxter, they're, RewardStyle, LTK, — Organizations: CNBC Locations: Box's Dallas, influencers, Fort Worth, Suburbans

☆ Here's how your iPhone could get worse if the DOJ's antitrust lawsuit succeeds
▼ + stars: | 2024-03-23 | by ( Grace Kay | ) www.businessinsider.com time to read: +7 min

Some critics of the suit believe it could make the iPhone worse, leading to security concerns and a less seamless experience. But is that something that iPhone users really want? The DOJ filed an antitrust lawsuit against Apple on Thursday. AdvertisementFor its part, Apple has argued that the DOJ's lawsuit could pose any number of issues for iPhone users — from security and privacy concerns to a degradation in user experience. A less seamless user experienceThe DOJ's lawsuit could also have a detrimental impact on Apple's signature user experience, according to some experts.

Persons: —, Apple, Jeff Chiu, Tim Cook, Cook, Benedict Evans, Evans, Jennifer Huddleston, Koch, Huddleston, Adam Kovacevich, Dave Lee, Lee, Forrester, Dipanjan Chatterjee, Apple's, Chatterjee, Fortune Organizations: DOJ, Apple, Service, US Department of Justice, AP, Union's, Venture, Cato Institute, Apple Watch, of, Big Tech, Bloomberg

☆ Harvard-trained parenting researcher: 4 things parents should always do to raise confident girls
▼ + stars: | 2024-03-17 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +2 min

This can especially be true for parents of young girls, who are more likely than boys to suffer from confidence issues. That's according to a recent survey of 61,500 parents and children between the ages of 5 and 12 commissioned by the LEGO Group toy company. This impacts the key skill of creative confidence — which can carry into adulthood," says Harvard-trained journalist and parenting researcher Jennifer Breheny Wallace. Boosting your kids' confidence and creativity can be as simple as rethinking word choices and even the way you praise your child, according to Wallace. Here are four of her tips for parents to ensure they're raising highly confident girls.

Persons: Jennifer Breheny Wallace, Wallace Organizations: LEGO Group, LEGO, Harvard

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