What they do:
Make Slinky Toys for Kids
Richard James was working at a Philadelphia shipyard and was looking for a way to keep nautical instruments stable in rough seas. That’s when a torsion spring fell off the shelf. Richard watched the spring crawl down shelves, stacks of books and tabletops, and landed upright on the floor. He thought it might make a great toy for kids.
About the business:
Richard James founded James Industries and invented a machine that could coil 80 feet of steel wire into a Slinky within 10 seconds. He debuted the Slinky at Gimbel’s department store in 1945 during the Christmas holiday. He sold 400 toys the first 90 minutes.