Eastman Kodak

Kodak's 2012 bankruptcy ended a 130-year photography empire that invented digital imaging but couldn't capitalize on it. The company held early digital patents but feared cannibalizing film profits. When digital prevailed, Kodak's film business collapsed. The company emerged from bankruptcy in 2013 as a printing company but remains a shadow of its former self. Kodak demonstrated that inventing the future doesn't guarantee surviving it.