After working for The Walt Disney Company, Sid & Marty Krofft Entertainment and other entertainment companies, he founded AlchemyII, Inc. One of AlchemyII's first projects was building the animatronic characters used on the television shows Welcome to Pooh Corner and Dumbo's Circus. Forsse and his team then brought Teddy Ruxpin to the marketplace. Teddy Ruxpin became the top selling toy of 1985 and 1986 and was made by Worlds of Wonder.
In 2005, AlchemyII made an agreement with Toy Manufacturer BackPack Toys to have Teddy Ruxpin back on the shelves yet again and the toy made a successful return in 2006 before eventually being discontinued again in 2010. In addition, the animated TV series was released for the first time on DVD in 2008.