10 Tech-Risks that Paid Off Big


 

Bangalore: It is been said since ages that to earn great rewards you need to take great risks. And this has been proved correct many times in the history including the risky decisions of major tech-companies. With technology evolving every day, there is a great risk in this business. One slip up can be fatal for a company and if gone right it can change fortunes. Let’s take a look at Business Insider’s compilation of 10 tech decisions that seemed foolish but ultimately paid off.

10. Intel Leaves Memory Behind

Intel, the memory-chip company got outcompeted in the market in 1985. Its profit dropped down to $2 million from $198 million in 1984. The founders of Intel, Grove and Moore faced the hard fact that Intel needed a serious reorganization. Grove asked, "If we got kicked out and the board brought in a new CEO, what do you think he would do?" Moore responded, "He would get us out of memories." So did just that and eliminated his company's signature product, and took it into the growing microprocessor industry. The decision proved great as it is the largest processor maker today.

 

9. Google Buys Youtube For $1.65 Billion

When in 2006, Google bought YouTube for $ 1.65 billion it was not generating any revenue and was pointed upon by content providers like Universal and CBS over copyright issues. So it was a shock for everyone when Google paid such a huge sum for an unproven startup.

But today YouTube is one of the biggest revolutions Internet has ever witnessed. This video streaming site currently generates $3 billion in revenue on an annual basis. And YouTube has made most content providers happy by removing copyrighted content. Hence, the Google’s decision proved beneficial.

Source: IANS