10 Times That Companies Turned Down Major Successes
Philips Doesn’t Develop The iPod
Philips engineer Tony Fadell began working on a portable music player that would be able to purchase and download music from the internet as a side project. When he presented it to his superiors at the company they refused to develop it as a product and he took it to Apple where it was eventually developed into the iPod.
Not Buying Google
Excite had the opportunity to purchase Google for just $750,000 in 1999 when founders Larry Page and Sergey Brin were looking to sell the company to get extra investment. CEO George Bell turned the offer down believing that the business wasn’t worth the money and lost out on owning a company that is now worth more than $100 billion.