The Ledger
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TOMS manufactures over 40% of its donated shoes in recipient countries
“Back in 2000, I think it was, no, 12, actually, we made a pledge to manufacture as many shoes as we could in the countries that we give in, and today, we're manufacturing over 40% of our giving shoes in countries like Kenya, Ethiopia, India you know, lots of d…”
TOMS scaled revenue from $300K to $450M in its first seven years
“At that point, we were, I mean, we did the first year in business, I want to say we did about 300,000. In the second year, we did about three million. And the third year, we did Like, fifteen million, and the fourth year we went to, like, sixty million. Wow. I…”
TOMS pioneered the one-for-one giving business model in the fashion industry
“No fashion company or shoe company had ever, like, given something away every time they sold it”
Mycoskie: TOMS scaled from $300k to $60M revenue in four years
“The first year in business, I want to say we did about 300,000. In the second year, we did about three million. And the third year, we did Like, fifteen million, and the fourth year we went to, like, sixty million.”
Mycoskie: TOMS reached $450M in annual sales within seven years
“We went from basically from zero to four hundred and fifty million dollars in sales on an annual basis in, like, seven years.”
Mycoskie: TOMS manufactures over 40% of giving shoes in recipient countries
“But ultimately, back in 2000, I think it was, no, 12, actually, we made a pledge to manufacture as many shoes as we could in the countries that we give in, and today, we're manufacturing over 40% of our giving shoes in countries like Kenya, Ethiopia, India you…”
Mycoskie: TOMS was the first fashion company with a one-for-one model
“No fashion company or shoe company had ever, like, given something away every time they sold it”
TOMS has donated more than 70 million shoes across 70 countries
“By the way, Tom's has given away more than seventy million shoes in 70 countries around the world.”
TOMS took zero outside investment until selling 50% to private equity
“Back in 2014, Blake sold half of the company to a private equity group. Up until then, Tom's had never had a single investor.”
Blake Mycoskie bootstrapped TOMS without investors before selling 50% to private equity
“Back in 2014, Blake sold half of the company to a private equity group. Up until then, Tom's had never had a single investor.”