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Marmot is an outdoor recreation clothing and sporting goods company founded in 1974 as "Marmot Mountain Works". [1] The company was founded in Grand Junction, Colorado by local resident Tom Boyce and two University of California, Santa Cruz students, David Huntley and Eric Reynolds, who shared the common goal of making their own mountaineering equipment.
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Marmot was founded in 1976 by four people who had previously worked together on trail maintenance. [1] [2] The company was able to be established after a friend of one of the founders put a $200,000 inheritance in escrow to serve as a surety bond. Marmot developed capital as it acquired contracts and members bought shares of the company.
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Berkshire’s A shares have never split. However, to attract small investors, the company introduced B shares (NYSE: BRK.B). Today, a B share is about 1/1,500 the size of an A share.