That's a great success story!
Hi Garth,
Thanks for posting that! It's a great story! :)
By the way, Coinstar is also listed on the stock exchange (CSTR). (It has quite a high P/E ratio though.)
As you say, Jens Molbak started it in 1990 when he was a graduate student at Stanford University.
I think the important thing about this story was Jens Molbak found a common problem - all those masses of coins you don't know what to do with!
After that, he found a good solution.... these coin machines.
And he found out how to "share" his solution with everybody (for a profit). It made him a rich man!
Here's another short article which helps give further insight.... http://company.monster.com/coin/
Thanks Garth! It's a great business success story.... :)
- Dien Rice
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