Business Week on the creation of IdeaPaint:

Sometimes a product idea is as obvious as the wall right in front of you. In 2005, three Babson College undergrads were brainstorming on a whiteboard, but had to keep erasing proposals to make room for more. Then, recalls Jeff Avalon, one of them said, “Wouldn’t it be great if we could have a dry erase board that just took up the entire wall?” Over the next three years, Avalon, John Goscha, and Morgan Newman collaborated with chemists to come up with a durable, smooth, and nonabsorbing paint that could turn a flat surface into an erasable board.

From Business Opportunities Weblog.