Making money while helping those in need is a common entrepreneurial ambition. Few have achieved both aims as effectively as Blake Mycoskie. Blake founded for-profit TOMS in 2006 as a way to finance a charity to provide shoes for underprivileged children. In 2015, Bain Capital bought 50 per cent of TOMS, valuing the company at $US625M.
In the latest segment of Perpetual’s Performance with Purpose series, The Australian’s Robert Gottliebsen talks to Blake about the success of the ‘one-for-one’ business model.