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Tom Szaky Discusses Evolution of Business Strategy

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Total Case Duration :

  • Date Added : 10/31/2005
  • Clip Duration : 0 min. 54 sec.

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Tom Szaky

  • Co-founder, TerraCycle
  • male
  • Caucasian
  • 1982 (Age: 35 years old)
  • Tom Szaky - Interview - TerraCycle
  • Video 1 of 72 in this Case
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Biography

Tom Szaky is co-founder and Chief Executive Officer of TerraCycle, Inc., producer of the worlds first product made from and packaged in waste.

At 14, Szaky started his first business, a web design company called Flyte Design, which employed three associates and earned its young proprietor a five-figure income. Szaky then engaged in the start-up of three small dot.com companies: Werehome.com (an online home improvement site), piority.com (an online fundraising school), and studentmarks.com (an online grade tracking software).

In 2002, Szaky took a leave of absence from Princeton University to dedicate himself full-time to starting TerraCycle, Inc., beginning as a 2 man outfit in the crowded basement of an old office building in Princeton. Today TerraCycle occupies a 20,000 sq. ft. factory in an urban enterprise zone in Trenton, NJ, where it employs over 20 workers and makes and ships its unique consumer products to WalMart Canada, Whole Foods, Home Depot, and other major retail stores.

Our business strategy has evolved hugely. I mean not just the 360. But has like spun totally differently. We started out literally as a waste management company. We thought we would make all of our money on taking in garbage and converting it to something that wasn't an issue. Instead we ended ...(Full transcript available to logged in subscribers.).

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Tom Szaky videos

Video 1 of 72 Tom Szaky States Entrepreneurship Is Ingrained And Shares Background of TerraCycle
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 1 min. 40 sec.
Video 2 of 72 Tom Szaky Discusses Influence of Parents, Risk and Thoughts on Work
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 1 min. 35 sec.
Video 3 of 72 Tom Szaky Defines Concept of Smart Risk
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 0 min. 39 sec.
Video 4 of 72 Tom Szaky Shares Thoughts on Being a Young Entrepreneur
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 1 min. 35 sec.
Video 5 of 72 Tom Szaky Discusses Deciding Between Startup and College
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 0 min. 56 sec.
Video 6 of 72 Tom Szaky States Importance of Being Able to Dream Big
  • Tom Szaky - Interview - TerraCycle
  • 10/31/05
  • Tom Szaky
  • 0 min. 51 sec.
Video 7 of 72 Tom Szaky States Initial Business Plan For TerraCycle Came From Business Plan Contest
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 1 min. 24 sec.
Video 8 of 72 Tom Szaky Discusses Using Criticism To Strengthen Business Plan
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 0 min. 50 sec.
Video 9 of 72 Tom Szaky Shares Thoughts on Pitching and Putting on a Show
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 0 min. 43 sec.
Video 10 of 72 Tom Szaky States Investors Believe In Him Becauce He Fundamentally Believes in Company
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 1 min. 15 sec.
Video 11 of 72 Tom Szaky Discusses Importance of Execution
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 0 min. 42 sec.
Video 12 of 72 Tom Szaky Discusses TerraCycle's Sustainable Competitive Advantage
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 1 min. 7 sec.
Video 13 of 72 Tom Szaky States Doubters Fuel The Ego
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 0 min. 31 sec.
Video 14 of 72 Tom Szaky Discusses Parents Reaction To Fact That He Was Dropping Out of College To Start Company
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 0 min. 36 sec.
Video 15 of 72 Tom Szaky Discusses Paradigm Shift Of Money Turning Into Time
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 1 min. 21 sec.
Video 16 of 72 Tom Szaky Discusses Turning Away From Funding Because It Didn't Fit With Core Idea of Business
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 0 min. 54 sec.
Video 17 of 72 Tom Szaky Discusses TerraCycle's Future Plans
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 0 min. 46 sec.
Video 18 of 72 Tom Szaky Shares Thoughts on Dealing With Wal-mart and Other Big Box Stores
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 1 min. 10 sec.
Video 19 of 72 Tom Szaky Discusses Evolution of Business Strategy
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 0 min. 54 sec.
Video 20 of 72 Tom Szaky States Corporate Growth Changes His Role and Corporate Culture
  • Tom Szaky - Interview - TerraCycle
  • 10/31/05
  • Tom Szaky
  • 1 min. 30 sec.
Video 21 of 72 Tom Szaky States Ego Helps With Selling and Vision But Hurts With Team Building and Managing
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 1 min. 7 sec.
Video 22 of 72 Tom Szaky Shares Thoughts on Passion and Drive
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 0 min. 49 sec.
Video 23 of 72 Tom Szaky States Importance of Having an Individual Leader At the Top of an Organization
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 0 min. 59 sec.
Video 24 of 72 Tom Szaky Discusses Employee Incentive Plan Within TerraCycle
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 0 min. 45 sec.
Video 25 of 72 Tom Szaky Shares Thoughts on Cash Flow
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 1 min. 53 sec.
Video 26 of 72 Tom Szaky States TerraCycle Has Never Actively Pursued Press
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 1 min. 1 sec.
Video 27 of 72 Tom Szaky States Most of Investment Goes Towards Branding
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 2 min. 28 sec.
Video 28 of 72 Tom Szaky Discusses Sourcing Bottles For Packaging Plant Food
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 1 min. 30 sec.
Video 29 of 72 Tom Szaky States Difficulty In Being An Entrepreneur And Finding Work/Life Balance
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 0 min. 44 sec.
Video 30 of 72 Tom Szaky States Odds Of Failure As An Entrepreneur Are High
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 0 min. 21 sec.
Video 31 of 72 Tom Szaky States Importance of Being Comfortable With Positive and Negative Impacts of a Business Deal
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 0 min. 47 sec.
Video 32 of 72 Tom Szaky States Importance of Picking Investors With Same Care As Picking New Employees
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 1 min. 1 sec.
Video 33 of 72 Tom Szaky States Importance of Experiential Learning
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 0 min. 35 sec.
Video 34 of 72 Tom Szaky States Age Difference Can Be Source of Conflict But Leads To Open Environment
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 1 min. 34 sec.
Video 35 of 72 Tom Szaky Shares Thoughts on Providing Feedback
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 2 min. 55 sec.
Video 36 of 72 Tom Szaky States Globalization For TerraCycle Is A Long-term Goal
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 0 min. 54 sec.
Video 37 of 72 Tom Szaky Shares Thoughts on Mentoring
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 1 min. 3 sec.
Video 38 of 72 Tom Szaky States Being A Young Entrepreneur Enables You To Function Without Walls
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 1 min. 12 sec.
Video 39 of 72 Tom Szaky States First Professional Experience Was In Entrepreneurial Environment
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 0 min. 55 sec.
Video 40 of 72 Tom Szaky States Sustainability and Profit Go Hand In Hard
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 0 min. 43 sec.
Video 41 of 72 Tom Szaky Defines The Concept of Triple Bottom Line
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 4 min. 10 sec.
Video 42 of 72 Tom Szaky Discusses Competitive Response
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 0 min. 48 sec.
Video 43 of 72 Tom Szaky States Business Worries Evolve With The Business
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 0 min. 41 sec.
Video 44 of 72 Tom Szaky States Communicating Negatives Is As Important As Communicating Positives
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 0 min. 49 sec.
Video 45 of 72 Tom Szaky Defines Waste As A Commodity
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 1 min. 19 sec.
Video 46 of 72 Tom Szaky Discusses Having Urban Artists Paint Company's Interior Space
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 0 min. 36 sec.
Video 47 of 72 Tom Szaky States Surprise That Dream Became Reality
  • Tom Szaky - Interview - TerraCycle
  • 10/31/2005
  • Tom Szaky
  • 0 min. 35 sec.
Video 48 of 72 Tom Szaky Provides Background of Company, TerraCycle
  • Tom Szaky - Interview - TerraCycle, Company Growth and eco-Capitalism
  • 3/17/2007
  • Tom Szaky
  • 0 min. 56 sec.
Video 49 of 72 Tom Szaky Discusses TerraCycle's Corporate Growth
  • Tom Szaky - Interview - TerraCycle, Company Growth and eco-Capitalism
  • 3/17/2007
  • Tom Szaky
  • 1 min. 8 sec.
Video 50 of 72 Tom Szaky Discusses Triple Bottom Line and Reality That Everyone Can Win
  • Tom Szaky - Interview - TerraCycle, Company Growth and eco-Capitalism
  • 3/17/2007
  • Tom Szaky
  • 1 min. 12 sec.

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