Lundquist College of Business | University of Oregon Class Discussion  
 :: LCB Home / Lundquist Center for Entrepreneurship / Paul Walton Interview
 Lillis Terrace
The Center
Entrepreneurial Opportunities
Academic Programs
Lundquist Center for Entrepreneurship

Paul Walton

Biography

It would be fair to say that during his UO years Paul Walton '04 was slightly distracted. It's not that he wasn't content to be a liberal arts student after a handful of years spent sampling several careers, including golf course maintenance, bagel baking, and commercial aviation. It's just that every spare moment he had, Walton found that his head was in a cloud, and not just your average Eugene rain cloud, but a cloud of entrepreneurial dreams.

“I always had some business idea floating in my head,” he says. None of Walton’s imaginings ever seemed financially or tactically feasible, though— until one rainy day midway through his sophomore year while studying on campus. “It suddenly occurred to me that I’d seen tons of things with the UO logo on them, but no computer mice,” he says, his eyes flashing at the recollection. Walton hurried back to the apartment he shared with two other students and began some ardent web- and phonebased research. “I tried to track down other schools making logo mice,” he says. “I couldn’t find anyone anywhere in the U.S. that was making them. ” Walton did what any enterprising young person who knew absolutely nothing about manufacturing, shipping, licensing, or marketing—yet who felt he’d stumbled on to a fabulous and potentially profitable idea—would do. He went to the nearest big box store and bought ten of their cheapest computer mice and a half-gallon of green paint. His talent as an artist, Walton quickly discovered, did not match his ambition. “The paint dripped, the colors ran, they looked awful,” he says. Next, he tried purchasing logo stickers from the bookstore, but the curvature of the mice ruined the effect. Walton wasn’t daunted. After obtaining a business license, naming his business Rhinotronix, and acquiring a trademark licensing agreement from the University, he found a manufacturer in Taiwan who agreed to produce 2,000 mice bearing the UO logo. “It took five months for them to show up,” he says. “The waiting was horrible.” Even more horrible was the moment when Walton — who along with several pickupdriving friends rendezvoused with the delivery truck at a rest area south of Eugene—took a first peek at his product. “The mice were this faded lime green, and the logo was a light yellow you could barely see.” Walton was crushed. Luckily, the manufacturer agreed to replace the order at no cost—except for the price of another five-month wait. Never one to twiddle his thumbs, Walton set out to market his wares, despite their disappointing hue. He convinced Curtis Smith, UO Bookstore buyer, to stock a few logo mice. When the two bumped into each other a week later, Smith pointed a finger at Walton and said, “I want to talk to you.” The mice had flown off the shelves. Smith wanted 180 more. Encouraged, Walton began peddling mice to computer stores up and down I-5. Within a few months, he’d sold all of the first shipment and received the next —this time, sporting a precisely perfect Duck green. By the middle of his junior year, Walton was fielding orders like crazy while hitting up other universities for licensing rights. “Yeah,” he says, when asked the obvious question, “I still went to class.” Walton, never willing to ditch his degree plans despite the savory taste of success on his tongue, added a business minor and plodded determinedly towards graduation. Still, he spent more time in the UO’s Lundquist Center for Entrepreneurship than in the library, and though the diploma he received last spring reads “Sociology,” Walton claims he really earned a “Trial by Fire” degree. “It was a huge learning process,” says Walton, who believes that, “when you have a passion, you can learn anything.You just have to ask a lot of questions and not get a big head.” While fielding Walton’s questions, faculty at the Lundquist Center for Entrepreneurship recognized the extent of this student turned-businessman’s aspiration and initiative. He won the 2004 Entrepreneur of the Year award—the first ever granted to a student who minored (not majored) in business. Rhinotronix, which Walton moved to Redmond, after graduation, now employs twenty sales representatives and will open an office and warehouse soon. Business has grown 300 percent per year each of the last three years; half a million orders are expected for 2004. Walton now produces mice for fifty-six universities and expects that number to climb to ninety next year, and the company also makes customized logo mice for many other organizations and businesses. It’s not surprising that Walton — thirty years old, CEO, homeowner, and newlywed — is still full of ideas. Soon, Rhinotronix will start producing mouse pads, wireless accessories, and other office supplies, but even that is small potatoes compared to Walton’s longterm vision. “I want to become a huge sports merchandising company,” he says. More immediately, Walton is set on marketing to another UO alum — Phil Knight. “Our stuff would be perfect for Nike,” he says. Look out, Phil. You may not have seen someone this determined since, well, yourself.—Kim Cooper Findling’93 for Oregon Quarterly.

 


Copyright © 2000 - 2008 by Charles H. Lundquist College of Business, University of Oregon.
Contact us   How to get here   Privacy Policy   Launch this Page