From founding a luxury shoe company to making drones, French businessman and Parrot CEO Henri Seydoux is a serial entrepreneur.
Seydoux founded luxury goods company Christian Louboutin — the company famous for the iconic, red-soled pumps — a 3-D imaging company, and wireless products manufacturing company Parrot which makes everything from a self-watering flower pot to the Bebop drone.
With the launch of the $549 Parrot Bebop 2, the next generation of Parrot’s Bebop drone that can stay in the air twice as long as the former version, Seydoux is inching more into the drone world. Parrot acquired commercial drone company senseFly in 2012, and launched a new lineup of $99 “MiniDrones” earlier this year to target the toy market. Parrot’s drone revenues made up 57% of the company’s revenue for the third quarter of 2015.
Seydoux offered up some advice on business, investing, drones, and his biggest money mistake:
Drone Girl: You’re well-known for founding Christian Louboutin, the company that makes the luxury, red-soled shoes. How do you go from selling shoes to selling drones?
Henri Seydoux: Shoes were a friendship. Christian Louboutin (the designer behind the company) was a friend. With drones, it’s a completely different market, but in the end, they’re consumer products. You’re selling an end-product to a user, and I’m always trying to find innovative products.
Drone Girl: [Parrot] was really the first company to manufacture consumer-oriented, ready-to-fly drones. What struck you about the idea of manufacturing drones?
Seydoux: It was really about the idea that you can turn telecoms into toys. Ten years ago it would be crazy to have a camera on a phone, and the first cameras were so bad. But now, we’re putting cameras in the sky. I’m just always looking for the craziest ideas. The thing is, for me, they’re not crazy.