Walt Disney's path to success was paved with numerous significant failures that would have discouraged most people. His first major business, Laugh-O-Gram Films, went bankrupt in 1923, leaving him so broke he reportedly ate dog food to survive. He was famously fired from the Kansas City Star newspaper for "lacking imagination and having no good ideas." One of his most devastating failures occurred in 1928 when he lost the rights to Oswald the Lucky Rabbit and most of his animation staff to his distributor, Charles Mintz. Furthermore, when he first pitched the idea for Disneyland, it was rejected by over 300 bankers before he secured the necessary funding. Even Snow White and the Seven Dwarfs was widely mocked as "Disney's Folly" by the industry before it became a historic success. In 2026, Walt's legacy is defined not by the number of times he fell—which was frequent—but by his ability to pivot, as the loss of Oswald directly led to the creation of Mickey Mouse.