Entrepreneur Biography - Walt Disney

3092 Words Mar 20th, 2013 13 Pages
Kenneth Uy
500438690

Entrepreneur’s Biography – Walt Disney

Childhood
Walter Elias Disney, commonly referred to as Walt Disney, was born on December 5th, 1901 in Chicago, Illinois (Walt Disney Family Museum, 2012). His father Elias Disney was an Irish-Canadian and his mother, Flora Disney, was of German and English descent. His family settled in a village known as Norton Disney in the country of Lincolnshire at the time of birth (Disney, 2000). At the age of four, Disney and his family moved to a farm in Marceline, Missouri, which is where he developed his love for drawing. At the time he paid a retired Doctor by the name of “Doc” Sherwood to produce images of his horse, Rupert. Later on his interest grew to train development in
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Their company however was a failure and both started to work in animation at the Kansas City Film Ad Company. After learning all about animation, he pursued another start-up with another co-worker Fred Harman. This time he created an animation business and started screening cartoon’s titled “Laugh-O-Grams” in a local theatre. Following their success, Disney acquired Laugh-O-Gram studios, which soon went bankrupt due to Walt’s poor financial management. Later that year, Walt and his Brother Roy opened Disney Brothers’ Studio in Hollywood, California (WDFM, 2012). He then started selling his produced cartoons to a New York distributor that was a huge success. Everything was going well until Disney found out that his client had hired Walt’s animators under contract and took the rights to his most popular animated characters (Gabler, 2006).
Motivation of Startup After losing everything, Walt and Ubbe decided to create another cartoon character now known as Mickey. After creating a series of short cartoons Mickey became the world’s most popular cartoon character in the 1930s. Walt created his first full-length animated musical feature in the production of “Snow White and the Seven Dwarfs” which exceeded over $1,400,000 in profit (IMDb, 2010). Throughout 1937-1947 he continued to create full-length movies such as “Pinocchio”, “Fantasia”, “Dumbo”, and “Bambi”. Following his cartoon success, Walt

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