Walt Disney
Walt Disney Famous FailureWalt Disney, born in 1901, is the beloved founder of the Walt Disney Company, quite possibly one of the most famed companies in the world throughout history. However, Disney’s road towards success wasn’t easy; it was paved with a number of failures and setbacks that included bankruptcy.
1919, Disney had taken a job with the Kansas City Star, the local newspaper, when he was fired by the editor for lacking imagination and having no good ideas. Later Disney started a company called Laugh-O-Gram, producing cartoon animations. His biggest client at the time was Newman’s theaters, one of the largest theater chains. His cartoons were shown at the start of the films at Newman’s theaters and were dubbed the “Newman’s Laugh-O-Grams.”
However, his success with Laugh-O-Gram was short-lived. The money earned didn’t provide enough income to keep the company afloat, and in 1923 it declared bankruptcy. Subsequently, Disney moved to Hollywood in 1923 when he was just 22-years old, where his brother Roy was living at the time.
With the help of Roy, they formed the Disney Brothers Studio, which later became called the Walt Disney Company. The company was formed to produce animated films. However, it wasn’t until 1928, five years later, when Disney created Mickey Mouse, when things really started to take off, but not before experiencing a number of gut-twisting failures and setbacks.
