Spin Master was founded in 1994 by two childhood friends, Ronnen Harary and Anton Rabie, soon after graduation from The University of Western Ontario. Ben Varadi, a classmate of Anton's from The University of Western Ontario's Richard Ivey School of business, joined the Company subsequently in 1994.
The nascent entrepreneurs' first product was the Earth Buddy, a nylon stocking-covered head of sawdust topped with grass seeds which grew to emulate hair, funded with their own $10,000 investment. With Anton selling the item on the street and to specialty retailers, the operation quickly expanded to a small facility in downtown Toronto. This initial success served as the springboard for Spin Master's entry into the toy business.