You might be aware of the Karma Drone disaster but you might not realize a few other factors that have hit GoPro hard in the recent past.  If you’re interested in companies that profit off action sports, put on your thinking cap and watch this 15 minute breakdown on how and why GoPro went from a startup to millions to billions to losing profits.

***If you are wondering about the credentials of the guy in the video he is entrepreneur Patrick Bet-David who is is an active YouTube creator, author and CEO of PHP Agency, Inc. a financial services company with over 2,300 agents in 48 states.