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Phil Knight watched runners lose races because of their shoes. Spikes clogged. Soles felt heavy. The problem was not the athlete. It was the gear. In the 1960s, Knight and his coach Bill Bowerman tried to fix it. Bowerman poured rubber into a waffle iron and created a lighter sole with better grip. The shoes worked. They sold pairs from the trunk of a car under a small company called Blue Ribbon Sports. Then came the Nike name, the Swoosh logo that cost $35, and a rookie named Michael Jordan in
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