Walter Hunt and the Million Dollar Baby that sold for $100
We all have had our share of failures in life, but I don’t think I’ve heard failure as bad as the failures of inventor Walter Hunt. Walter Hunt was a genius at making things, but awfully bad at making money.
In 1834 he invented the very first sewing machine in the United States. However, during this time, the US was going through a depression and the last thing people wanted to buy was a machine that would render more people unemployed! Discouraged, he didn’t patent his invention, which was a bad move. Within a few years of Hunt’s invention, Elias Howe invented and patented a similar sewing machine and made a fortune! Hunt’s passion to invent did not die, he went on to invent the first fountain pen and the first repeating rifle, but failed at making these feasible products. But the worse misfortune was yet to occur. One lazy afternoon he played with a piece of wire. In a matter of 4 hours he managed to twist the wire into a pin with a spring on one end and a clasp on the other end, what we know as today, a safety pin. A million-dollar idea, and Hunt must have thought the same because he patented this marvelous product. But the question is, did he become rich with this? No, he didn’t! Hunt was broke, and quickly needed to get cash. He sold this million-dollar baby (patent) for a mere $100!
Hunt did manage to get some fame during his life, and a little credit for the invention of the sewing machine. In fact, in 1858 Isaac Singer agreed to pay Hunt $50,000 for his original design to end the sewing machine patent controversy. But as fate would have it for poor Hunt, Hunt died before Singer made payments. Hunt’s family did get some money from another invention, namely the paper shirt collar. Although he patented 25 inventions, not a one, provided financial security for him and his family. I have to hand it to Hunt, not one disappointment stopped his tenacity to invent. In fact, he died at a workbench while trying to develop a diver apparatus at the age of 63.
A lot of his inventions are used today, and have made our lives easier, yet the inventor struggled every inch of the way. The struggle was not only financial, I can only imagine the mental toll on him and his family. So the next time you are sewing on a sewing machine, or using the safety pin, or simply wearing a favorite outfit, think of Hunt, and I think you will appreciate it more than before.
Sources: The Greatest Stories Never Told, Rick Beyer
‘Why Didn’t I Think of That?: 101 Inventions that Changed ‘ by Anthony Rubino Jr.
On Line: Answers.com











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