Question
In the early days of Research in Motion (RIM), founders Mike Lazaridis and Doug Fregin were involved in modest ventures such as designing computer solutions for local technology companies and creating devices like Budgie. Despite Lazaridis's ambitious goals, they struggled financially for the first five years, working above a Waterloo bagel store designing electrical components. This shows that RIM's journey to becoming a multi-billion dollar market leader was not straightforward and involved overcoming significant challenges.
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Mike Lazaridis and Doug Fregin spent Research in Motion's, or RIM's, early days pursuing modest ventures such as designing computer solutions for local technology companies and creating other devices like Budgie. Though Lazaridis in particular had ambitious goals, still five years into the venture the pair were still struggling to pay the bills, working above a Waterloo bagel store designing electrical components.
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