Pretty jewelry for ugly shoes. That’s what Jibbitz are. Sheri started making little adornments out of clay and rhinestones for the vent holes in her family’s Crocs at her Boulder, CO home and when hubby, Rich, saw them he thought they might sell. The couple took out a home equity loan, built a Web site, set up some designs and later found a manufacturer in China and “Jibbitz” was born. They set up accounts with a few clients but then attended the World Shoe Association convention in Las Vegas and things took off. Within the first year, they sold over 8 million of the little fellas in designs like peace signs, daisies, and sports logos! They moved from home to a commercial space which they outgrew in a year. They moved 40 employees into 12000 square feet in June 2006.

It was serendipity when Croc’s founder, Duke Hanson, ran into one of the Schmelzer daughters at the local pool and noticed the Jibbitz in her shoes. He asked her to have Sheri call him. Crocs bought Jibbitz in December 2006, but allowed it to operate as a wholly owned subsidiary and Sheri and Rich continue to work for them. There are over 1500 Jibbitz designs and they have rights to Disney, Marvel and other well-known brands. The Schmelzers said this in an interview (before the Crocs buy out) with the Boulder site Daily Camera: “Organic growth and word of mouth is how we’ve been working. We don’t want to grow too fast. We’ve failed if you call into Jibbitz and we don’t answer the phone.”
Photo courtesy of Timesonline UK.

Lynda Resnick turned pomegranates into gold. She tripped over future success when a piece of property she purchased with her husband in California included 100 acres of the little- known fruit. Despite being urged to plow that area down and replant with something more profitable, they decided to research the ancient fruit and found there were possible medical benefits to the juice.
You may not recognize his name, but you’ve undoubtedly seen or read his book, “
Russell Simmons