23-05-2018, 06:25 PM
The CEO of a gaming firm thought his company would only make one product. It’s now worth $500 million
Lucy Handley
May 23, 2018
Entrepreneur Min-Liang Tan made a computer mouse especially for gamers and thought that would be all his company would sell.
Back in 2005, he founded gaming hardware business Razer with Robert Krakoff and launched the Diamondback mouse, testing it out on his friends.
Fast-forward to 2018 and the company still makes mice, but has added gaming keyboards, headsets and laptops and has more than 40 million users on its software platform. It made $517.9 million in revenue in 2017 and listed on the Hong Kong stock exchange in November, raising $528 million.
"Candidly, I don't think we even had a thought that this would last anything beyond a single product. We're now the number one … in the U.S., Europe, China for all gaming peripherals (hardware) at this point of time," Tan told CNBC's "The Brave Ones."
More details in https://www.cnbc.com/2018/05/23/razers-f...-mice.html
Lucy Handley
May 23, 2018
Entrepreneur Min-Liang Tan made a computer mouse especially for gamers and thought that would be all his company would sell.
Back in 2005, he founded gaming hardware business Razer with Robert Krakoff and launched the Diamondback mouse, testing it out on his friends.
Fast-forward to 2018 and the company still makes mice, but has added gaming keyboards, headsets and laptops and has more than 40 million users on its software platform. It made $517.9 million in revenue in 2017 and listed on the Hong Kong stock exchange in November, raising $528 million.
"Candidly, I don't think we even had a thought that this would last anything beyond a single product. We're now the number one … in the U.S., Europe, China for all gaming peripherals (hardware) at this point of time," Tan told CNBC's "The Brave Ones."
More details in https://www.cnbc.com/2018/05/23/razers-f...-mice.html