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Interesting fact...

Mayor Qumiby

By Mayor Qumiby,
in Huddle Lounge

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Mayor Qumiby

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Posted

The man who invented jell-o sold the rights to his company for 450 bucks !!

And i thought colonel sanders messed up when he sold kfc for 2 mill..

In 1897, Pearl B. Wait, a carpenter and cough medicine manufacturer, developed a fruit-flavored gelatin. His wife, May Davis Wait, named his product Jell-O. The new product was not immediately popular and Wait sold the rights to the process to Orator Francis Woodward, owner of the Genesee Food Company, for $450. Sales continued to limp along until 1902 when an aggressive advertising campaign in Ladies Home Journal magazine generated enormous interest. Sales jumped to $250,000.

The use of gelatin in food preparation increased six-fold in the 40-year period from 1936-1976. Today, 400 million packages of Jello-O are produced each year. Over a million packages are purchased or eaten each day.

http://www.madehow.com/Volume-5/Gelatin.html

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