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The Ink Blot name is usually referred to the story about the origins of the Waterman Pen Company telling that Levis Edson Waterman started his own business as a fountain pens manufacturer after losing a lucrative insurance contract caused by an ink loss from a malfunctioning pen. According to this story instead of getting angry the enterprise founder was interested in that object, discovering the reason for the malfunctioning and solving it by creating narrow channels on the feeder. The success of his invention, tested by his friends and acquaintances would have driven him to create his company.