6 Companies, 9 Entrepreneurs Who Turned Social Service into Business
3. Blake Mycoskie
Company: TOMS Shoes
In 2006, after having led four startups to success at the age of 29, Blake headed towards Argentina to take a break. There he was awestruck by the need of the impoverished South American children and saw the opportunity to help them with a for profit business scheme in TOMS Shoes. The company designs and sells shoes based on the Argentinean Alpargata for a very reasonable price. It follows a one for one sales model for those who would donate pairs to people in need.
