Bootstrapping – How Lowell Wakefield Made Crab King

While king crab fishing is among the most dangerous and lucrative activities in the world, it is only recent technology that makes it possible to extract this bounty from the sea,,, This has not always been the case. What is now known around the world as a culinary delicacy did not start out that way. In fact, before the mid-1940s, there were no king crab fishermen, no king crab fishing boats, and nothing that could be called a king crab industry. King crab legs simply were not widely consumed before the Second World War. Essentially, this industry was created through an evolutionary process executed by one man and his company, Lowell Wakefield and Wakefield Seafoods, Inc. A chronology of entrepreneurship. >click to read<  17:30

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