Adrian Chernoff created Rubber Bandits® — a rubber band with a tear-resistant label — as a product idea for an invention competition.  The competition, the first of its kind in office products, was called Invention Quest and was hosted by the office supply chain Staples®. After selection from over 8,300 entries, several rounds of competition, and judging competitions, it was selected by Staples® founder and Chairman Tom Stemberg alongside Art Fry, the inventor of the Post-It Note® to go into production.

Staples® started the process of licensing Rubber Bandits® in 2004 for an exclusive 3 year agreement and began selling them in 2005 in over 1,400 stores located across the United States and Canada. Following the conclusion of the exclusivity agreement the product is being re-branded, designed, and expanded to offer more variations in both color and sizes.