Everyday Things History Technology

Inventor of the Keurig Coffee Maker Sold His Interest for only $50k

John Sylvan invented the single serve Keurig coffee maker in early 1990s. Before the end of the decade, he sold out to investors for a mere $50,000. The company now has annual revenues in the billions of dollars.

Interestingly, the original concept and first machines were intended for offices where employees could create a fresh cup of coffee instead of relying on a full pot coffee maker which often got stale. When they finally developed a less expensive home version, sales really took off.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.