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Nvidia CEO: Smart, successful people struggle with these 2 traits—but they kept my $2 trillion company from collapsing

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Today, Nvidia is a $2 trillion tech giant — but in 1996, CEO and co-founder Jensen Huang had to swallow his pride to keep the company from going out business.

It's never easy to admit you made a mistake, or ask for help fixing it — but doing both of those things once saved tech giantfor its computer chips. 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.

Huang's strategy to keep Nvidia afloat involved a rare amount of humility for a CEO, he told graduating students in aAs part of the Sega contract, Nvidia needed to make chips for rendering 3D graphics on gaming consoles, Huang explained. The contract was a big deal for the young business and it essentially"funded our company," he added.

"I was embarrassed to ask," said Huang."The CEO of Sega, to his credit and my amazement, agreed. His understanding and generosity gave us six months to live.". Huang used the money from the Sega contract to scrap Nvidia's initial efforts and to build a new chip — the RIVA 128 — that was compatible with DirectX.

 

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