Boring Money

← Boring Money22 Sept · 1 h 21 min

He Does $6M a Year Bottling Water. One Robot Almost Broke Him.

He Does $6M a Year Bottling Water. One Robot Almost Broke Him.22 Sept1 h 21 min

Jay Peterson got out of Boston College in 1991 into no jobs, went home to Kankakee, Illinois, and sold industrial real estate for a broker who gave him the listing nobody wanted: a hundred acres next to a dynamite plant. Two years later some friends set him up as a Canteen distributor with one route truck and two vending machines. He and his wife Myra were the first two employees. They canceled their honeymoon to take on a Sears distribution center.

That vending company got to about $10 mil...