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Showing posts with label BiZ-Origin. Show all posts
Showing posts with label BiZ-Origin. Show all posts

Company History 4: Coca - Cola


History
It all began in 1886 when John Pemberton, a pharmacist from the city of Atlanta, created a drink that would become one of the greatest symbols of corporate world. This Creation of Pemberton was very much motivated by a sense of curiosity. The pharmacist used to experiment his medical formulas to find a cure for a headache. One day he mixed his syrup with soda and offered it to his customers, who consider it as a very special drink. Soon the product was a put for sale for $ 0.05. Frank Robinson, Pemberton accountant, coined the term Coca-Cola, writing the name with his own calligraphy.
The official date of birth of the product was on May 8, 1886. In the early years were sold approximately 9 cups (237 ml) per day. Unfortunately, Pemberton was more an inventor than a businessman. Without having the slightest idea that his invention would be a worldwide success, in 1891 he sold the company to Asa Griggs Candler, for approximately $ 2,300.00. Candler became the first president of the company and the first to give visibility to the real business and brand. Asa Candler, a born salesman, made the Coca-Cola a simple invention into a big business. And found creative ways to present the brightest new drink: distributed coupons to encourage people to try the product and the pharmaceutical supplied with clocks, scales and calendars with the Coca-Cola.

By 1895, Candler had built factories in the cities of Chicago, Dallas and Los Angeles. The popularity of the condenser required new forms of presentations that allowed more people to enjoy it. In 1894, Joseph B. Whitehead, put the drinks in a bottle and gave Candler, it was not very enthusiastic about the news. Despite being a businessman innovative and brilliant, could not imagine at the time that the secret of the success of Coca-Cola would be in portable bottles that consumers can take anywhere. So five years later in 1899, for just $ 1, he sold the exclusive rights to bottle and sells the drink to lawyers Benjamin F. Thomas and Joseph B. Whitehead.

Chattanooga is the site of the World's First Coca-Cola Bottling Company.

Company History 3: Goodyear


The company Goodyear Tire & Rubber Company was founded in 1898 when Frank Seiberling purchased what would be the first plant of the company with the money he borrowed from his brother.
In 1901 Frank Seiberling provided Henry Ford with racing tires. By 1908 Ford was outfitting his Model T with Goodyear tires. A year later Goodyear manufactured its first aircraft tire.
Seiberling decided to christen the company with the name of the courageous pioneer Charles Goodyear, the discoverer of the vulcanization of rubber. Also, he chose the winged foot logo that used to continue today, has become a symbolic link to the past of the company.

Company History 2: Hotmail


When co-workers Sabeer Bhatia and Jack Smith began working on their first startup idea—a web-based personal database they called JavaSoft—they were frustrated because their employer’s firewall prevented them from accessing their personal email accounts. To solve their dilemma, they came up with the idea of email accounts that could be accessed anonymously through a web browser. This thought became the startup. In 1996, the first web-based email was born, offering people free email accounts that could be accessed from any computer with an Internet connection. Less than 2 years later, they had grown Hotmail’s user base faster than any media company in history. On New Year’s Eve, 1997, Microsoft acquired Hotmail for $400 million.

Prosper.com: P2P micro finance system

Prosper is America's largest people-to-people lending marketplace. Connecting people to people eliminates the need for borrowers to go through a bank for a loan—and fewer middlemen means Prosper lenders also benefit.

At a Glance
* Launched 2006
* America's largest people-to-people lending marketplace
* Over 830,000 members
* Over $178,000,000 in loans funded on Prosper

People who register as Prosper lenders set the minimum interest rate they are willing to earn and bid in increments of $50 to $25,000 on loan listings they select. In addition to criteria commonly used by institutional lenders, such as credit scores and histories, Prosper lenders can consider borrowers' personal stories, endorsements from friends, and group affiliations.

Borrowers create loan listings for up to $25,000 and set the maximum rate they are willing to pay a lender. Then the auction begins as Prosper lenders can bid down the interest rate. Once the auction ends, Prosper takes the bids with the lowest rates and combines them into one simple loan to the borrower. Prosper handles all on-going loan administration tasks including loan repayment and collections on behalf of the matched borrower and lenders.

Read more

Update: the Securities and Exchange Commission has shut them down.

Company History 1: Paypal


PayPal was founded in December 1998 by recent college grad Max Levchin and hedge fund manager Peter Thiel. The company went through quite a few ideas, including cryptography software and a service for transmitting money via PDAs, before discovery its niche as a web-based payment system. That service became wildly popular for online vendors, especially eBay sellers, who preferred it to traditional payment methods. PayPal went public in early 2002 and was acquired later that year by eBay for $1.5 billion.

Mountain Dew business origin

Mountain Dew was originally southern and Irish slang for homemade whiskey, or poitín as it is called in Ireland. .In fact, the name Mountain Dew is slang for "moonshine."
It was born way back in the hills of Tennessee in the 1940s. The name Mountain Dew was first trademarked by two brothers, Barney and Ally Hartman, who ran a bottling plant in Knoxville. The Hartman's Mountain Dew, however, was a lemon-lime drink used as a mixer with whiskey.

The "Do the Dew" tagline appeared in 1993 - along with the Dew Dudes - in the award-winning commercial "Been There, Done That."
 
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