Most successful startup companies aren’t started by people in their 20s. The average age of founders who started a high-growth company is 45.
In the 80s, businessman Armand Hammer bought a significant portion of the company that makes “Arm & Hammer” products simply because people kept asking him about the name.
The State of Washington once forced Comcast to refund nearly 50,000 customers for charging them a $5/month “service protection plan” that actually did nothing.
Ford used an astrologer from California to determine which date they would launch the new Ford Taurus. They paid the astrologer $500.
Ray’s Pizza was started by a Mob as a front for Drugs and Money laundering, But ended up making almost the same money as their drug buisness.
Mobile phone giant Gionee went bankrupt in 2018 when it’s chairman lost $144 million gambling at a casino forcing the liquidation of the company.
Nikolai Pavlenko, a Soviet forger, ran a real but unauthorized construction organization in USSR. Since it was more efficient than the state ones, he was charged with undermining USSR by running an efficient organization.
Victoria Woodhull, the traveling psychic, gave American tycoon Cornelius Vanderbilt advice on investing in the gold market. Following her advice, Vanderbilt made a profit of $1.3 million, withdrawing just before the gold market crash of Black Friday on September 24, 1869.
Samsung, the largest business conglomerate in South Korea, began as a trucking company, and its founder Lee Byung-chul was a college dropout.
In 1984 water beds were a $2 billion business with 3.4 million sold in the United States alone. At the time, 75 percent of all stores that sold water beds also offered a selection of water bed cribs.