"Alexander Graham Bell wanted to sell his patents and technology for the telephone to Western Union, which was the leading telegraph company at the time. Bell’s price: $100,000. Western Union thought it was laughable.
Venture capitalist Ben Horowitz has a big post on why people should be optimistic about technology companies.
In it, he talks about how some of the most fundamental products in our lives today were laughed at by outsiders when they were first introduced.