Early partnership with Nike Edit
In the late 1950s, University of Oregon middle-distance runner Philip Knight was coached by Bill Bowerman, one of the top coaches in the US. Bowerman was also known for experimenting with the design of running shoes to make them lighter and more shock-absorbent. After attending Oregon, Knight continued his studies at Stanford University, where he wrote his MBA thesis on the marketing of athletic shoes. After receiving his degree, Knight travelled to Japan where he contacted Onitsuka Tiger Co. Ltd, and convinced the company that their product had a market in the US. In 1963, Knight received his first shipment of Tiger shoes, and later he and Bowerman invested $500 each to form Blue Ribbon Sports (later known as Nike, Inc.).[5]