Atari 2600 of 2004. Atari was founded by Nolan Bushnell and Ted Dabney of which their first major product was "Pong" in 1972, one of the first successful arcade games. It transitioned "Pong" into a home console version by 1975, helping to pit Atari against Magnavox, the only other major competitor for home consoles at the time. Bushnell recognized that this approach to home consoles has a drawback in that because it used custom logic burned onto the circuit board, it was limited to only one game and any variants, and would require consumers to buy another console to play a different
Nolan Bushnell During this time Bushnell was using large loans on his Pizza Time stock to fund Catalyst. By the end of 1983, Chuck E. Cheese was having serious financial problems. President and long-time friend Joe Keenan resigned that fall. Nolan tried to step back in, blaming the money problems on over-expansion, too much tweaking of the formula and saturation in local markets by the management team. He resigned in February 1984, when the Board of Directors rejected his proposed changes. Chuck E. Cheese's Pizza Time Theaters (now named after its famous mouse mascot) entered bankruptcy in the fall of 1984. ShowBiz