Gary Loomis or G. as we know him from his fly rod company has a surprising answer when asked about how he got into the fishing rod business:
What's the most you've every spent on a tie?
I've never bought a tie.
And the most I've ever spent on a fly rod is $35. That's the one I modified with an extended handle and a lighter line so I could catch more fish. I was catching eight, 10 fish a night. A fishing buddy offered to buy the rod for $50. I said no. When he got up to $250, I said yes. The next thing I knew, my wife and I were in the fishing-rod business.