|A Welch Allyn|
While we were doing that, the company needed to have some "cash incoming".
During my department days, every office had a projector that, well, projected the letters you read for an eye exam...you know...the big "E" chart, 20/20 all that? In those projectors rested a special bulb that was very bright and got really hot. Mostly it had a "secret" set of socket hookups so the only use was for that projector.
These bulbs blew out all the time. The doctors left the projects on all the time; mainly because the project got so hot it would burn you. Hence they blew out all the time. The cost the medical center about $6.00 a bulb 40 years ago. We spent a fortune.
|Welch Allyn Bulb|
$34.95 on e-Bay
Our little diamond knife company was pretty close to a GE wholesale distributor - a small company that supplied light bulbs to grocery stores on routes. I used to play tennis at a club and at one point was, one day, paired with the owner. We talked about light bulbs. He was the Forrest Gump of light bulbs (rather than shrimp).
|Appliance light bulbs|
We sold them to suppliers as fast as we could ship them. They were used to buying them from GE at $4.00 each so we offered ours for $3.00 plus S&H. It took two hours on the phone to sell 40,000 bulbs. Cash. We bought 40,000 more the next month - special order. The diamond knife was created, funded, and brought to market on the back of light bulb sales.
I was in the local King Kullen supermarket yesterday and went by the light bulb stand. One of the lights over our stove blew out and so I was a "buyer". The price was $7.99 for a "SPECIAL BULB". The nerve.
I don't need to fund the development of the diamond knife but I see an opportunity.