18 May 2010

Dare to Dream: The Million Dollar Toy Boy


BFly1 Dare to Dream: The Million Dollar Toy Boy

Someone once said: “If you can imagine it you can create it. If you can dream it, you can become it”. And apparently Richie Stachowski took this advice to heart!  He dared to dream and then he turned his dream into a reality. Today at 13-years-old,  he is the founder and president of his own million-dollar company. Read and be inspired by this million dollar toy boy:

In most respects, Richie Stachowski, who lives in Orinda, California, is a typical, fun loving 13-year-old Richie Stachowski, who vastly prefers sports to school. On the other hand, Richie is the Founder and President of a company boasting about a half-million dollars in annual revenues. When he was 11, Richie’s family went on vacation to Hawaii. Richie was out snorkeling with his father, and was so thrilled by the numbers and colors of the fish he kept seeing that he wanted to be able to shout out to his dad each time he saw something new. Afterward, when Richie’s father, a registered diver, confirmed that no one had invented a simple way to talk underwater, Richie set about becoming that inventor.

Richie began sketching designs that very evening in the family’s hotel room. After returning home, Richie used the Internet to research underwater acoustics. Then he began building prototypes of an underwater megaphone, using the $267 he had in his savings account. First, Richie mounted a standard snorkel mouthpiece onto the tip of a conical, plastic soccer-field boundary marker. Then, in a series of tests conducted in the family swimming pool, Richie found that he could keep water from flooding the device by including a blow valve in the cone and a plastic membrane in the mouthpiece. After a month of further modifications, his invention was a complete success, allowing people to talk to each other underwater from up to 15 feet away.

Under the guidance of his mother, Barbara, herself an inventor-entrepreneur, Richie flew to Paramus, New Jersey to pitch his new “Water Talkies” to Toys “R” Us. Richie concluded his presentation by using a fish tank to ask, underwater, for a purchase order, and he got it—for 50,000 units. One of Barbara’s business associates helped arrange incorporation, patent and trademark search, and manufacture. Richie’s new company, Short Stack, LLC (named for Richie’s favorite breakfast, pancakes) soon concluded deals with Wal-Mart, K-Mart, and other large chain stores.

Water Talkies™ were a summer sensation in 1997, and for 1998 they were joined by two new inventions. Richie’s Scuba Scope™ allows snorkelers to see underwater and above water at the same time; his Bumper Jumper Water Pumper™ is a sit-down float whose paddle doubles as a water gun. Soon, Richie plans to expand the Short Stack® line even further, adding an underwater hockey game, novelty diving goggles, and an underwater pogo stick.

Although Richie’s achievements have won him a great deal of attention in the media, from CNN to the Christian Science Monitor, he remains a kid at heart. For example, Richie canceled a scheduled June 1997 appearance on NBC’s “Tonight Show” due to a conflict with a more pressing commitment: summer basketball camp.

That is as it should be, since not growing up too fast is the key to Richie’s success. As his mother puts it, “Kids are so creative. . . Their barriers haven’t been built up yet.” Richie Stachowski would probably agree with his mother’s theory, but in his advice to aspiring young inventors he prefers to use simpler terms: “If you think you have a good idea, just go for it!”

[story credit]

[photos]

About Amber:
My name is Amber and I'm the Editor of TeenMoneyMakingIdeas.Com. As a teenager, I started making money when I was 13 years old. I had all the typical jobs that teenagers have such as working in fast food joints and retail stores. At 19, I formed my own cosmetics company. And shortly after that I started my own import business. Now I'm earning money online. Join me as I discuss all the ways I've discovered for teens to make money. Read more about me here.
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5 Responses to “Dare to Dream: The Million Dollar Toy Boy”

  1. Cheryl says:

    This boy is super cool.. :)

  2. Erica says:

    He is super cool especially to be barely in his teens when he came up with his first invention!

  3. Wait, woah! He’s only 13! haha That’s tight!

  4. Kay says:

    This is great. I knew that the young people will be the one to make things happen. I am glad for him. Keep up the good work.

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