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Odds Of Failure As An Entrepreneur Are…

And you have to be ready to lose it. Because the odds are - this is the interesting thing. Odds are in entrepreneurship you will fail. Odds are with you towards failure. So it's not how fantastic a person…

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Surprise That Dream Became Reality

What has taken me most by surprise is that it is real. You know, it started as a dream. And I believed that it could happen. But seeing it actually manifest itself in reality. Walking into a Home Depot and…

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Doubters Fuel The Ego

Doubters are awesome because they fuel you. I mean people who say you can't make it, that's another reason you want to make it you know. And that is - and again, people - the best thing is people who…

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Thoughts on Inventory Management

We need to keep our ability to produce to orders. I really don't... I hate building inventory. Building inventory is very risky. It usually is Murphy's Law so you always get stuck with it, almost always. So…

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Thoughts on Eco-Capitalism

The idea of eco-capitalism is what the biggest idea is. The idea of this model is massive. It could be applied in many different things. TerraCycle as an entity... TerraCycle, Inc. may only take it to a…

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Importance of Experiential Learning

Yes experiential learning is important. I mean number - it is interesting because you look at it - and I have seen people from all perspectives. From people who are coming in and they are 20, people who are…

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Globalization For TerraCycle Is A…

For us, globalization is something that is very much down the line. We're really focused on making North America a success. Because if we don't make that a success we can't make Europe, Asia or anywhere a…

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Competitive Response

Competitive response is interesting because you have to look at two sides. One is the effect on the environment and in a social perspective. Their competitive response if someone copycatting this is…

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Sustainability and Profit Go Hand In…

Profit is our biggest focus by far. But sustainability and profit go hand-in-hand because you can't be sustainable without profit. That is really the ultimate sustainability function, is how much money you…

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Thoughts on Pitching and Putting on a…

Well pitching is interesting. It's about making people get it and have a good time while they get it. Most PowerPoints - and PowerPoints are your biggest vehicle to pitch because business plans are usually…

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Concept of Smart Risk

A smart risk is something that you as a smart individual are willing to sacrifice for. So as any individual, and assume you are a smart individual you know. You have things that you have to sacrifice to take…

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Importance of Being Comfortable With…

I was on the management team of a dot-com startup. And we were being courted by a venture capitalist. And once the venture capitalist invested, they pretty much did an entire management team dump and just…

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Difficulty In Being An Entrepreneur…

Work/life is tough. Luckily I have a fantastic girlfriend. And what that has allowed me to do is I take my weekends off, most of them and spend it with her. But it is very, very hard. Usually I am in the…

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Employee Incentive Plan Within…

Well I mean the idea at the very beginning I came up with. So I guess I owned it at the very beginning. And then as people came on, the way I incentivised them was giving them part of the company. Giving…

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Thoughts on Passion and Drive

Being driven is very important. How being driven is manifested is different with every single individual. Not everyone can work you know, 18-hour days seven days a week. Some people can only work nine to…

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Importance of Execution

Yes I think execution is important. I mean don't - it is - the idea is critical in that you have to hold on to the core of your idea. Everything else is execution. Because you can have a bad idea executed…

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Parents Reaction To Fact That He Was…

I mean keep in mind; my parents are physicians, very conservative. I had to tell them post fact that I dropped out to shovel worm poop for a living. I mean imagine this. It's - and when we started - I wasn't…

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Product Development Will Happen In…

What's out right now is a lot of plant food, lawn fertilizer, potting mix... potting mix is very cool. Potting mix and reused milk jugs, never been done before. Seed starter which is our leftover worm poop…

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Launch Of TerraCycle Reality Show

We talked about how TerraCycle's mass PR potential. Well, the next step is a reality show. Think about ... well there's the fun part. We're going to have a TV show, that could be pretty cool. It's about 80%…

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Whether a Mistake Is A Mistake If You…

I can't ... you know what, everyone asks me this question. I must have been asked this question 300 times this year, what's your one big lesson. I've made so many mistakes, I can't tell you that I just really…

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Importance of Big Companies Keeping…

I think the biggest problem Home Depot had was when it lost its entrepreneurial... its founders, its entrepreneurs. Apple. Look at what happened when Steve Jobs left and look at what happened when he came…

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Concept of Zero Footprint Foundation

Well the Zero Footprint Foundation is this group that goes in and rates products on how eco-friendly they are and that whole business model relies on this thing where they say look, you know, lets say you're…

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Thoughts on Marketing Organic and…

With products that have to do generating a life, growing, gardening, organic is a plus. With products that have to do with killing, cleaning, killing, you know, all those synonyms, people ... intuitively…

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Background of Company, TerraCycle

I guess simply speaking, what we do at TerraCycle is we make products and package them entirely out of garbage. Really what we're doing is we're producing the world's most eco-friendly products. But you know,…

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