View Single Post
  #2  
Old October 21, 2002, 10:08 PM
Dien Rice
 
Posts: n/a
Default 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