Apple was founded by Steve Jobs in 1976, the company had its share of failed products – even ousting its founder during a downturn in 1985. The iMac and iPod turned everything around, with Steve Jobs returned in 1997 and becoming an icon of the industry.
Nintendo’s first offering, the Famicom console, had to be recalled after only a few months. Atari’s failure in the mid-1980’s left the American video game market a mess, and the Nintendo NES barely sold when it was introduced in 1985. By the end of 1986, however, two little characters named Mario and Luigi had changed the history of American gaming forever.
Have you ever wondered where this useful lubricant WD-40 got its name? The name comes from the fact that the formula represents the 49th attempt to create a degreaser and rust protection solvent. Although it was originally used in the aerospace industry, it became so popular among employees that it was packaged into aerosol cans and introduced to retail in 1958. Can you imagine if the lab had given up after 39 tries?
It’s hard not to have a soft spot for companies that started out in someone’s garage and achieved great success despite great odds. Mattel is one of those companies. Founded in 1945 by Ruth and Elliot Handler and Harold Matson, the company initially manufactured and sold picture frames.