200
This company had a sales model using adolescent salespeople that, while perhaps considered naive today, served them well for decades. The child would send in for the seed packs, sell them, send back all the money, and earn a nice prize, like a badminton set, or a pocket calculator. But between 1975 and 1981, 400,000 children sent away for seed packages and never sent any money back. Because why should they? They could just keep the money, and The Company could go pound salt. So, in 1981, the company went out of business, bilked out of existence by the earliest tides of a cynical, grungy Generation X.
What is The American Seed Company?