Pepsi was founded in 1898 by Caleb Bradham, who was a pharmacist and businessman from North Carolina. He was looking for a sweet drink to bring customers into his store during the hot months of the south. He took several tries at it, and eventually came up with the formula for Pepsi. He originally started marketing his drink from his pharmacy. The drink gained popularity quickly and he soon won a patent for the recipe. Pepsico was officially founded in 1902.
The company and patent had quite a run since then. They have gone bankrupt, been repurchased several times, etc. However, their solid foundation has given them a loyal customer base for over a century now. The company continues to innovate, adding new flavors, developing new marketing schemes, creating new products, etc. It will be interesting to see if they can keep the spirit of Caleb Bradham’s initial invention alive.