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Founders

#69 Charles Goodyear: An Inventor's Obsession and the Struggle for a Rubber Monopoly

Founders

David Senra

History, Entrepreneurship, Business, Technology

4.82.4K Ratings

🗓️ 28 April 2019

⏱️ 73 minutes

🧾️ Download transcript

Summary

What I learned from reading The Goodyear Story: An Inventor's Obsession and The Struggle For A Rubber Monopoly by Richard Korman. An obsessive quest to find the recipe for rubber (0:01) Charles Goodyear epitomized the spirit of the upstart American technologists (6:15) the early life of Goodyear's family (20:10) coming up with the idea for a domestic made only hardware store (29:00) a crushing failure + debtor's prison (35:20) accidentally finding his life's work (38:18) optimism + positive mental attitude (44:30) Patent #3633 (1:03:30) why Charles did what he did (1:11:30) ---- Founders Notes gives you the ability to tap into the collective knowledge of history's greatest entrepreneurs on demand. Use it to supplement the decisions you make in your work.  Get access to Founders Notes here.  ---- “I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — Gareth Be like Gareth. Buy a book: All the books featured on Founders Podcast

Transcript

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0:00.0

Long before America became an international economic powerhouse in the late 19th century,

0:04.6

a generation of visionary inventors gambled on innovations they hoped would bring them riches.

0:10.8

Chief among them was Charles Goodyear, who in the 1830s began an obsessive quest to find the recipe for rubber, the material he believed would change the world.

0:20.0

Chasing his dream exacted a stiff price plunging Goodyear and his family into an

0:26.7

underworld of poverty and litigation. He spent extended periods in debtors prison and acquired powerful enemies determined to control

0:36.0

this miracle substance before he did. His victory in a dramatic lawsuit argued by Daniel Webster made Goodyear into an American legend, but it never

0:46.1

released him from his tragic fixation or relieved the pain it caused those close to him.

0:53.0

The Goodyear story is a fascinating biography that also provides a panoramic view of America

0:58.4

at the dawn of its industrial evolution.

1:01.8

Drawing on recently discovered archival sources, Richard Corman tells a

1:05.0

suspense story of scientific experimentation and legal struggle while

1:11.3

he vividly portrays one of the godfathers of today's new economy pioneers.

1:17.0

Okay, so that is actually from the back cover of the book that I have in my hand and the one I want to talk to you about the one I read this week which was

1:26.0

The Goodyear story and inventor's obsession and the struggle for a rubber monopoly by Richard Korman.

1:34.2

Before I jump into the book too,

1:35.8

I just want to read some of the blurbs

1:37.1

that I felt were helpful.

1:39.6

They're on the back cover as well.

1:41.4

Here's one.

1:41.8

It says a case study in psychopathology, remember that that word, a case

1:46.7

study in psych pathology and business. It also portrays the waning era of the inventor

1:51.0

as tinkerer before science puts such investigation on a systemic

...

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