How I Built This with Guy Raz Compaq Computers: Rod Canion (2019)
Mar 25, 2019
In 1981, Rod Canion co-founded Compaq, launching the first IBM-compatible personal computer. This groundbreaking move sparked a revolution in the PC industry. Hear about the challenges and innovations that helped Compaq rise against IBM in the competitive market. Plus, discover Danica Lause's journey from a knitting mishap to creating stylish ponytail hats, illustrating the power of adaptability in entrepreneurship. Both stories highlight the spirit of innovation and resilience in the face of adversity.
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Founding of Compaq
- Rod Canion, Jim Harris, and Bill Murto, frustrated with their work at Texas Instruments, decided to explore the booming personal computer market.
- Inspired by the success and energy of Silicon Valley startups, they decided to create their own company.
The Compaq Idea
- Existing portable computers were flimsy and had small screens, but their software compatibility was limited.
- Rod Canion's key insight was to create a rugged portable computer compatible with existing IBM PC software.
Securing Funding
- Canion, Harris, and Murto quickly developed a business plan and sought funding for their idea.
- Despite initial hesitation from local venture capitalists, they secured investment from Kleiner Perkins after a successful pitch to John Doerr.