Live from new york city, this is charlie rose. Nick woodman is here. Pro he ceo of the gopro. Iny went public in june june. The stock has tripled. Unveiled new they cameras. I am pleased to happen at that table. Thank you for having me. Tell me about the beginning. The beginning goes back to when i was 22 years old and i decided i wanted to make it as an entrepreneur. I wanted to make it as an inventor. I didnt think about the business side. I wanted to come up with an idea that would allow me to be successful. I gave myself until the age of 30 years old to succeed. I told myself if i dont succeed by the time im 30 years old i will work for someone elses dream because i want to have a family and a career. Business was an online game company. I failed. I started that when i was 24 years old. That business shutdown when i was 26 years old. Left on theyears clock. I have no inspiration. I had no ideas. I was traumatized from my first failure. With inspiration and a little bit of savings i decided to hit find inspiration. I believe that when people are pursuing their passions they are turned on and have the best ideas. Road and to hit the look for inspiration. I had the idea for go pro before i even left. For a wearable wrist camera i could surf with two documents myself and my friend while we were surfing. I figured this is going to be the trip of a lifetime for me and i want to document the experience. When i looked out for a camera that allowed me to serve and video or photograph my experience at the same time, there was nothing at the market. I decided to pull something together and i invented the first wrist camera for sports, a modified surfboard leash that i wore on my wrist with some orings that held the camera and place on my wrist. I went on my trip and the product worked so well that the lightbulb went off and i realized there must be somebody that wants Something Like this. You can see the full of it as a surf company. Youhen did the idea hit that this goes beyond extreme adventure . It took a wild. In 2002. The first product in 2004. It wasnt until 2007 that we grew off of the risk and made accessories so that customers could mount this box anywhere. The idea came to me pursuing another passion. Im a big believer that when you are pursuing your passions your best ideas come to you. Your passions are like your fingerprint. We all have them. Everybodys are different. I think once passions may just be a guidebook to ones life. My wrist Camera Company started to do well enough financially, it allowed me to pursue another passionate dream, to learn how to drive a racecar. San francisco and rolled in a racecar driving school. They wanted to rent me a video ,amera to put in the racecar 100 dollars for every half hour of use. I thought that is crazy. I got my wrist camera in the trunk of my streetcar. I will just get that and strap that to the rollbar. As soon as i strapped that on to the rollbar and stepped back i realized that looks like that is supposed to be there. Everybody else gathered around and wondered where i got it. I remember turning to the fellow who asked me and said dude, i made that. Better thanwas much any camera at the time you could put on a car. I realize we have got to stop being just a wrist Camera Company. We have to make accessories so that people can mount this little camera anywhere and capture any perspective of life as it is happening. Gopro could be appealing to everybody. Everybody has interests, everybody is doing something that is personally important to them. Inrybody has an interest seeing themselves engaged in their interest and activities. Before go pro, it was almost impossible for anybody to self capture themselves. Was the electronics of it difficult . To create the camera, was that a hard goal . I got really lucky. Idea that nobody else , in a very developed industry of digital capture of cameras. You think every idea would have already been had. They have been around for a long time. Wearables idea for a mountable camera that was different than anything else. I have this great grace. Period to develop this concept. I thought i was going to see the competition steamroll me. Nobody was paying attention to what we were doing. Pro were digital go humble in design and design capability. Because nothing like this existed before our customers were just happy to have any camera they could use to capture themselves doing what they loved. In the early years i would say gopro products werent that impressive. It was all that there was. Along the way we were able to attract better and better engineering talents. Today we are producing topoftheline technology. We were very fortunate that we have many years of no competition and we were able to bootstrap ourselves. Thiswant to talk about camera. How many years we talking . I started in 2002. 12 years. With eight employees, including your wife. You have a hundred 40. Ballpark. It is a Great Success story. Today you were announcing the little bugger here. Yourself capturing yourself. Hello, hello. I can have you for 499, right . Rosere on the charlie show. You cant get bigger than this. Thanks for having me. This actually is this over. Lcd screen. Uiltin this is a significantly improved version of the hero three plus black, our bestselling camera since we launched. Exactly the same size, now including a builtin touch lcd. It is no easy feat. Cells for three dollar 390 nine dollars. This is our flagship. This is our highest performance made. The difference . It allows for incredible slowmotion effects. K so interesting, it captures cinema lifelike video. You can make a movie . People already make a movie with that. The hero three black won an emmy. I did not know that. The first consumer camera to ever win an emmy for enabling new perspectives and television at an extremely low cost, which enhances programming. When you show the world perspectives they have never seen you engage the world. They are seeing that is the most exciting thing for me. You can put this camera on an animal, on your cell phone, it will take you places you can never imagine. Not only does it give you a different perspective, but places you are not going. Preachers are going where we are not going. Interest, and we develop an understanding and apreciation for diversity and sense of a Global Community that we havent had before. One of my favorite videos is titled on youtube afghan ski video. It is a group of kids from andanistan who had a gopro, shot this in 2013. We made it the video of the day. It is a group of kids in afghanistan who put on a ski contest in the hills above their town. Complete with handpainted gopro banners and they put it on with an x games event. They documented the whole thing from painting the banners. This is definitely a different everyday life in afghanistan than you are normally seeing in media. We wouldnt have seen it if it wasnt for these kids having a gopro. Battery life is what . Depending, and now were to two hours. An hour to two hours. An hour give everything cranking. The challenge is to meet the demands of the consumer while delivering professional quality results. If you go to somebody, a producer, it professional filmmaker in hollywood and tell them that this little matchbox 4k, and ites shoots runs for an hour, they will say s amazing preview say that the consumer and they say thats all . You have different expectations. Camera a professional built into this thing. It is amazing. Why did you put the lcd screen on the back of the topoftheline camera . Camera, thes this resolution and frame rate it is it is at the leading edge. You cant cool the camera if have an lcd. This is the formula one engineering feature. I still get in the car, not as much. A weekend racer . Do you actually go out and raise . I dont get into the car as much as i used to. I now have a new passion in life , which is my growing family. We have three little boys. Time with them and my wife is incredibly precious. Are you documenting it . I am documenting it. Passion is your guides your life. The time that i spend with my family and documenting my children as they grow and the experiences we have is forcing me to think about our products in gopro makes me think in a different way. It helps me capture my passion for racing, then this versatile devise that helps everybody passion, is now revealed to me as the ultimate family captured of ice cream one of my favorite ways is taking it with us to the diner on saturday to document pancake breakfast is. I document all of the funny phrases. Everybody forgets its there. The challenge is, my family is trapped on st cards on my desk at home. I am frustrated because i want to be enjoying those moments and sharing those with extended friends and family. I dont have the time. This haslly been bigly been the driver, a inspiration for us to think about how do we help our customers manage this content they are capturing so that they can easily access it, watch it, and then do something with it . Take the 30 minutes you capture the park with your family, compress it into 12 minutes that people want to watch, then share it. That is the next phase for gopro. Whats the longterm vision, the longterm vision is to establish gopro as a standard for how we capture Meaningful Life , thenence is, manage compress them into short form stories we can share with others to better express ourselves and share our experiences. We have a real opportunity to accomplish that. And ease of operation. What is interesting is that i have often said to my friends, because of what i do, you went document the experiences of family, your parents, and your grandparents. If you didnt have the technology or didnt think about it before, it is so easy. Talk about their childhood, their grandparents. Talk about the lives that they share. I never had a chance to record all the wonderful conversations with my father about world war ii. He talked to me about them personally. Never with a camera. Just record that, or my mother growing up come all the things that she did while he was away. It is a wonderful archival devise. Can you imagine seeing footage, highdefinition footage of your parents playing his children . Unbelievable. How that would understand your understanding of who they are. This an international product. Are you thinking about gopro stores . It is something, it is potential down the line. As our product grows we have more and more interesting things we could put in those stores. If you have ever seen us at a consumer facing trade event we put on the fabulous experience that has proven to be successful for helping us grow our brand and engage consumers. The truth is we have got so many great Retail Partners who are moreested in giving gopro floor space, best buy we are in the process of moving from four feet to 12 feet within their stores. Creating what is a store within a store. That opportunity is buried in the hand right now. In the foreseeable future we see ourselves growing. It was great to see you. Great to be here. , back in a moment. Stay with us. I think our head of the Intelligence Community has acknowledged that they underestimated what had been taking place in serious in serious. Syria. He said we overestimated the will of our allies, the iraqi army to fight. That is true. After the president remarks on sunday there was an Intelligence Community with a pushback, they felt they had been thrown under the bus by the president. An article by peter baker and eric schmidt, i am pleased to have peter baker here on the program to talk about what he has seen and reported on. Let me begin with this question. The president was on 60 minutes and talked about the. Nited states facing a crisis is it true that there has been back from the Intelligence Community with respect to what the president said on 60 minutes . Some felt they were being thrown under the bus. He may not have meant it. Clapper. D to quote jim clapper recently said that the Intelligence Community did not force the speed with which isis or isil would race across iraq. The president was trying to use words that jim clapper had used. In the process he may have semicute was saying it was all the intel. He didnt say anything about his own misjudgments. What does the white house say about statements today after the fact of the sunday interview . They pushback on the idea was trying to blame the Intelligence Community. Indicate any particular his part to point the finger. He relies on them religiously. They also read a statement from director clapper and when she said that the Intelligence Community did good work. It wasnt perhaps predictable to understand just how badly the iraqi army would perform under threat. At the same time there have been reports in which they have pointed out members of the Intelligence Community, people have testified before congress pointing out that this was a rising threat. That is right. There are misjudgments along the way. The initial concern said the government about isis or isil was about a source of foreign fighters who may come home to the United States and commit terrorist acts here. That is still a concern. They did not focus on the conspiratorial aspects. A qaeda did not try to create california. These guys did see the swath of territory, they have made it into an effective state. That is one thing that was missing. There was the potential threat. They saw it as containable. When isys took over falluja there was an attitude that the government was at the hotbed of sunni extremists. We will contain in their and whittle it down. We didnt expect within a few months to metastasize into this giant threat. Walk me through the pivotal moments. One of the pivotal moments comes on new years day of 2014 one 100 trucks carrying heavy weaponry race into full illusion in western iraq. That is the first time we have seen that kind of show of force is. Is it was a wake up call to a lot of people, and shouldve have been a wakeup call to more that something needed to be done. The president didnt want to intervene directly using military force. Until mose months l. D well mosul fel other moments . February testimony by the head of the intelligence agency. Had intentionsis to take over more territory. That came and went without being taken seriously as it should have been. Are when thets president gives a speech at west point he talked about how the United States shouldnt be so eager to use military power to deal with every foreign crisis, which is something that he has been thinking a lot about. They came at a moment weeks before isis became a rampaging force. Hes had to pay that since then to try to reconcile that policy of restraint he announced at west point and the policy of intervention he is pursuing. The question that arises the president has been having to deal with is why did he do more for the moderate forces and Free Syrian Army . He constantly says it would not have made a difference. What is it the president believes, because he clearly believes this him of that secretary clinton, david petraeus, and leon panetta did not believe . Is that het thing really didnt want to get us dragged into somebody elses war. That is the way he sought. He saw deeper involvement in serious syria civil war. We could get dragged in a dangerous way that would be harmful. That drove his thinking about this, especially two years ago when secretary clinton and others were urging him to arm these moderates. The other thing he is including is these forces werent all that effective to begin with, worked that cohesive, were basically farmers. He didnt really have the wherewithal to be an effective force. The more he would send weapons the more those would be out for thed available various organizations to pick up and use against our friends. The president and even Vice President has reassured that it would not have made a difference. There is a recognition among those people who have supported wheret they would not be it is today if in fact they had not had so much room to expand in syria. It is impossible to know for a fact. Critics say if you had intervened earlier and built up this army then there would have isen something other than is dominating. You gave room for them to rise up. Even secretary clinton says dont know for a fact that had he followed a policy i recommended that it would have made a difference. It might not have. There is a real argument about that. Would it have made a difference . Present and the Intelligence Committee r. O. K. Today. Fis not a fisher ssure . Thats a good question. We will have to wait and see. You have a historic tension therebetween any white house and the Intelligence Community when things go wrong. Wedid get information needed. We gave you the information, you chose not to act on it. These kinds of frictions are very familiar. We solve that after the iraq war bad thean to feel general left after the bush scapegoating of him. There is a pattern we are seeing. Is not clear the moment. They are trying hard to avoid that from happening. Thank you. Peter baker, an assessment of the isys threat. Back in a moment. Stay with us. We want to turn to the subject of how the press called verse covers politicians. Of 1987, he led george h. W. Bush by double digits in the polls. Rumors of infidelity ended his candidates the candidacy. Heartw book shows how the episode marked a turning point. It is called all the truth is out. Atm pleased to have matt bai this table. Great to meet you. Tell me the picture creek at the time. ,eart was so high in the polls , not he was taken down because of knowledge of things he had done, his candidacy was over. Aman who was likely to become nominee of a party, and could have been at the white house, is taken down by marital infidelity. What is the lesson . The reason we are writing a book called all the truth is out. Had not seen anything like that prior. The reason for me, i spent a lot of years now covering president ial campaigns and national politics. I have had this feeling that something that happened in that moment had a real reverberating and change these periods for me. , which that episode happened for a variety of reasons, change the eve those of political journalism from the exploration of world views and ideas, candidates and platforms. And strategy and all that, to a real emphasis on finding the scandal and the like, to the idea we were we knew you were lying about something and we will expose it. It started with nixons resignation. It manifested and bursts out. Gotcha journalism. That is the quickest term for it. It is a deeply ingrained i know gary garten. I have considered him a friend at the time. Ble. As been at this ta you talk to him a l