A Network Of Jungle Paths

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A Network Of Jungle Paths



top 10 successful companies that started lifeas something totally different 10. iron mountain origins: herman knaust, renowned mushroomfarmer, needed more space for his mushrooms, so in 1936 he bought some land and an abandonediron ore mine to expand his business.



A Network Of Jungle Paths

A Network Of Jungle Paths, as the mushroom business changed, knaust shiftedhis business plan and, in 1951, re-christened the abandoned (climate-controlled) mine the“ iron mountain atomic storage corporation.” as the red scare gripped the nation, businesseslined up to hide their documents in the iron mountain “vaults.”


now: over 3 billion dollars a year in revenue,there are above and below-ground storage vaults located across the world. included is one in an abandoned limestonemine in a super secret location in pennsylvania, that is one of the most secure settings inthe united states. 9. hasbro origins: in 1923, three brothers started atextile company that sold fabric remnants, and hassenfeld brothers was born. for the next two decades, the company expandedtheir catalog to pencils and other school


supplies. in 1964, the company took a chance, and startedto manufacture gi joe action figures. now: the gamble paid off, as hasbro becameone of the largest toymakers in the united states. with over 4 billion dollars a year in revenues,their acquired subsidiaries have created toys that vary from parker brothers board games,to tiger electronics’ furby. 8. western union origins: in 1855, the western union telegraphcompany was born.


for those of you not enlightened on telegraphtechnology, the telegraph was a communication tool slightly less advanced than two cansconnected by a string. in 1884, western union was one of the first11 american companies on the newly-created new york stock exchange. by 1900, western union operated over a millionmiles of telegraph line. now: the telegraph industry has long beendead and buried but, through aggressive acquisitions, western union is now one of the largest moneytransfer companies in the world, with revenues of over 5 billion dollars in 2010. 7.


texas instruments origins: founded in 1951, texas instrumentswas created from the ashes of geophysical service inc. the primary customers at the birth of thecompany bought their equipment in the seismic industry. in 1967, the hand-held calculator was pioneeredby the company, and a generation of schoolchildren depended on ti to pass their math tests. now: with revenues of over 12 billion dollarsa year, texas instruments still makes calculators but, with a calculator on nearly every computerand cell phone, the real money now lies in


its semiconductors, chips for cell phones,and digital signal processors. 6. 3m origins: formed in 1902 in rural minnesota,3m quickly failed when their corundum mine turned out to be an anorthosite mine. (for those non-earth science majors, thatwas a very bad thing.) the investors regrouped, moved to the largercity of duluth, and then started to make sandpaper. now: headquartered in minnesota’s capitalcity of st. paul, 3m manufactures products include, but are not limited to; bondo, scotchtape, post-it notes, scotch guard, hockey


grip tape, skin tape, thinsulate, and stethoscopes. 3m’s revenues were nearly 30 billion dollarsin 2012. 5. american expressamerican-express origins: founded as an express mail businessin buffalo, new york in 1850, american express was born from the mergers of multiple companies. buying its first assets in new york city fourshort years after its founding, the headquarters was to follow in 1874. the company’s signature contribution tothe world of finance was conceived in 1890,


the travelers cheque. now: a titan on wall street, american express’revenues were about 33 billion dollars in 2012, between their banking, credit card,and travelers cheque services. yes, amazingly enough, people still use travelerscheques. 4. dupont origins: founded in 1802 as a gunpowder manufacturer,dupont grew quickly in the united states, supplying half the gunpowder to union troopsduring the civil war. now: despite being a major weapons supplierduring both world wars, dupont’s focus has


clearly shifted into the chemical industry,producing such cutting-edge polymers as teflon & kevlar. dupont is also known for paint technologies,and genetically altered seeds. all divisions combined have netted dupontnearly $40 billion a year in overall revenue. 3. wells fargo origins: basically the same investment groupthat formed american express, they turned around a year later and formed a second expressmail company in california. within a few years, though, with californiaflush with gold money, wells fargo opened


its first bank vault. now: one of the four largest banks in america,wells fargo has grown exponentially in the past 20 years through multiple acquisitions. wells fargo services, besides banking, offeralmost any possible financial solution available, with $86 billion in revenue in the year 2012alone. 2. cardinal health origins: in 1971, cardinal foods was a regionalfood wholesaler in the state of ohio. within 10 years, the company began aggressivelyacquiring drug and pharmaceutical companies.


now: in just over a generation, cardinal healthhas grown exponentially in the pharmaceutical market, with over $100 billion in revenuein 2010. besides pharmaceutical and medical supplies,cardinal operates the largest network of radiopharmacies in the united states. 1. ibm origins: in 1911, the computing tabulatingrecording company was formed from the mergers of four companies: the tabulating machinecompany, computing scale company, bundy manufacturing company, & the international time recordingcompany.


ctr made products as varied as clocks, scales,meat-cutting equipment, and punch card equipment. in 1924, ctr was renamed international businessmachines, or ibm for short. now: with revenues of over $105 billion in2011, ibm is a giant in the computer world. hardware, software, it services, upc codes,you name it. despite some of the punch card equipment andtabulating systems being distant ancestors to the computer, no one in 1924 could haveforeseen ibm being on the cutting edge of supercomputer technology, employing over 100,000people in the united states alone, 80 years later.




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