Blake Mycoskie

Last updated

Blake Mycoskie
Blake Mycoskie at SXSW 2011.jpg
Mycoskie speaks at SXSW 2011
Born (1976-08-26) August 26, 1976 (age 48)
Education Southern Methodist University
SMU Cox School of Business
OccupationEntrepreneur
OrganizationTOMS shoes
Notable workStart Something That Matters
Television The Amazing Race 2
Spouse
Molly Holm
(m. 2022)
Children3

Blake Mycoskie (born August 26, 1976) is an American entrepreneur, author, and philanthropist. He is the founder of Toms Shoes [1] and co-founder of Madefor. [2]

Contents

Early life and education

Mycoskie was born in Arlington, Texas, to Mike Mycoskie, an orthopaedic surgeon, and Pam Mycoskie, an author. After first attending Arlington Martin High School, he graduated from St. Stephen's Episcopal School in Austin in 1995. Mycoskie, who began playing tennis when he was 10, attended Southern Methodist University on a partial tennis scholarship in 1995, and elected a dual major in philosophy and business. [3] After an Achilles tendon injury he sustained as a sophomore, which effectively ended his tennis career, Mycoskie left SMU and launched his first business, EZ Laundry. [4] Originally focused on SMU, which had no on-campus dry cleaning service, EZ Laundry expanded, ultimately employing more than 40 people, servicing three universities, and generating approximately $1 million in sales. [5] Mycoskie sold the company to his partner in 1999.

Career

After college, Mycoskie moved to Nashville and founded Mycoskie Media, an outdoor billboard company that focused mainly on marketing country music. The company was quickly profitable, and was bought by Clear Channel nine months after its launch. [6]

In 2001, Mycoskie and his sister, Paige Mycoskie, applied for the cast of Survivor . A member of the Survivor production team told them about The Amazing Race , which had yet to debut, and they instead pursued a team position on that show. They competed in the second season of The Amazing Race and finished in third place, missing a million dollar prize by four minutes. [7] Mycoskie moved to Los Angeles later that year. [8]

In Los Angeles, Mycoskie co-founded the cable network Reality Central with Larry Namer, a founder of E! Entertainment Television. Raising $25 million from venture capitalists, along with other members of reality show casts, [9] [ better source needed ] the network launched in 2003 with a plan of airing original content and re-runs of reality programming. [10] Although the network had moderate success, it folded in 2005 after Rupert Murdoch launched the Fox Reality Channel and outbid Reality Central for advertisers and programming. [11] Determined to pursue an entrepreneurial path, Mycoskie then partnered with the founders of TrafficSchool.com to create DriversEd Direct, an online driver's education service which additionally offered behind-the-wheel training in hybrid and sport utility vehicles. [9] To promote DriversEdDirect, he created Closer Marketing Group, a Santa Monica-based marketing firm specializing in brand development and viral marketing. [12]

Mycoskie visited Argentina on vacation in 2006. While there, he met an American woman who was part of a volunteer organization that provided shoes for children in need. Mycoskie spent several days traveling from village to village with the group, as well as on his own. "[I witnessed] the intense pockets of poverty just outside the bustling capital", he wrote in a 2011 article for Business Insider . "It dramatically heightened my awareness. Yes, I knew somewhere in the back of my mind that poor children around the world often went barefoot, but now, for the first time, I saw the real effects of being shoeless: the blisters, the sores, the infections." [13]

Inspired, Mycoskie returned to the United States and founded Shoes for Better Tomorrows. Designed as a for-profit business that could give new shoes to disadvantaged children, the company would donate a new pair of shoes for every pair of shoes sold. An early example of social entrepreneurship, the shoes, similar to the Argentinian Alpargata, were created to appeal to a worldwide audience, which would both sustain the company's mission and generate profit. [14] [15] Shoes for a Better Tomorrow, later shortened to Toms, [16] was started in 2006; by 2013, the company had donated more than 10,000,000 pairs of shoes to people in need. [17] The shoes are sold globally in more than 1000 stores. [18]

In 2011, Toms expanded to include eyeglasses in its "one for one" offering—for every pair of sunglasses purchased, sight-saving medical treatment, prescription glasses, or surgery is donated to a person in need. [19] While Mycoskie conceived the idea, a "Sight Giving Partner", the Seva Foundation, was contracted to administer the actual program, which launched in Nepal, Tibet, and Cambodia. [20] In a 2012 interview with Fast Company , Mycoskie said it was helpful for him to work with Seva. "I've been there when (people have had) surgery ... and I've handed out the glasses. But as Toms grows, it has to be less about 'What's Blake's most intimate, joyful experience?' and more about 'What's the great need?'" [21]

Mycoskie published the book Start Something That Matters in 2011. In it, he wrote about the virtues of social entrepreneurship and the concept of businesses using their profits and company assets to make charitable donations or engage in other charitable efforts, using his experience with Toms to demonstrate both the intangible and real returns. [22] For every copy of Start Something That Matters sold, Mycoskie promised to give a children's book to a child in need. [23] Fifty percent of royalties from the book were then used to provide grants to up-and-coming entrepreneurs, [24] and Mycoskie increased this to 100% in late 2012. [25] The book became a New York Times best-selling business book, [26] and a number one New York Times best-seller in the advice category. [27]

At SXSW in 2014, Mycoskie announced the launch of Toms Roasting Co., a company which offers coffee sourced through direct trade efforts in Rwanda, Honduras, Peru, Guatemala, and Malawi. Toms Roasting Co. will donate a week of water to people in need in supplier countries for every bag of coffee sold. In 2014, Mycoskie announced that Toms would launch an additional "one for one" product every year. [28] [29]

In August 2014, Mycoskie sold 50% of Toms to Bain Capital, retaining his role as Chief Shoe Giver. In a company press release, he said: "In eight short years, we've had incredible success, and now we need a strategic partner who shares our bold vision for the future and can help us realize it." He will donate 50% of the profits from the sale to establish a fund that identifies and supports social entrepreneurship and other causes. Bain committed to matching Mycoskie's donation to the fund, and will continue the one for one business model. [30] [31] [32]

Mycoskie, with Pat Dossett, launched a wellness program called Madefor in March 2020. It is a subscription-based program that helps users adopt sustainable habits of body and mind; and develops lifestyle changes through practice-oriented monthly kit service. [2] The kits are based on different scientific topics, and contain the literature along with a physical tool to monitor progress of the users' shift in behavior and mindset. [33]

The Amazing Race

in January 2002, Mycoskie competed on the second season of the CBS adventure reality show The Amazing Race with his younger sister Paige. The two reached the final leg of the race and finished in third place. [34]

The Amazing Race 2 finishes

Roadblocks performed by Blake are bolded

EpisodeLegDestination(s)Detour choice (underlined)Roadblock performancePlacementNotes
1 1 United StatesBrazil Mountain/BeachNo Roadblock4th of 11 [lower-alpha 1]
2 2 Brazil Freak Out/Seek OutPaige9th of 10
3 3 BrazilSouth Africa Dance/DeliverBlake5th of 9 [lower-alpha 2]
4 4 South AfricaNamibia Slide/StrideBlake4th of 8
5 5 NamibiaThailand Confusion now/Confusion laterBlake4th of 7
6 6 Thailand Boat/BeastBlake3rd of 6
7 7 ThailandHong Kong Wishing tree/Herbal teaBlake5th of 6
8 8 Hong KongAustralia Dragon/LionBlake5th of 5 [lower-alpha 3]
9 Australia Cool down/Heat upPaige2nd of 5
9 10 AustraliaNew Zealand Used fast forward1st of 4ƒ
10 11 New Zealand Drop/ClimbPaige2nd of 4
11 12 New ZealandUnited States Bike/WalkBlake1st of 3
13 United States No DetourBlake3rd of 3
Notes
  1. Blake & Paige tied with Hope and Norm for 4th place.
  2. Blake & Paige tied with Shola and Doyin for 5th place.
  3. Blake completed the roadblock incorrectly and had to redo it.

Personal life

Mycoskie lives in Jackson, Wyoming. [35] He divorced his ex-wife, Heather Lang in 2020. [2] They have one son, Summit, and one daughter, Charlie. [36] [37] Mycoskie also provides financial support to Wubetu Shimelash, a young boy from Ethiopia. He has been Shimelash's financial benefactor, supporting his education. [38]

Mycoskie is an avid golfer, fly fisher, surfer [39] and adventure athlete, [40] who enjoys rock climbing [41] and polo. [42] He is an investor at Urban Golf Performance, [43] and Athletic Brewing Company; [44] and was a participant of the Sexiest Bachelor in America Pageant. [45]

Awards and honors

Related Research Articles

<span class="mw-page-title-main">Niklas Zennström</span> Swedish entrepreneur (born 1966)

Niklas Zennström is a Swedish entrepreneur and technology investor. He is co-founder of the charity organization Zennström Philanthropies.

<span class="mw-page-title-main">Mark Pincus</span> American Internet entrepreneur

Mark Jonathan Pincus is an American Internet entrepreneur known as the founder of Zynga, a mobile social gaming company. Pincus also founded the startups Freeloader, Inc., Tribe Networks, and Support.com. Pincus served as the CEO of Zynga until July 2013, then again from 2015 to 2016.

<span class="mw-page-title-main">Reid Hoffman</span> American internet entrepreneur (born 1967)

Reid Garrett Hoffman is an American internet entrepreneur, venture capitalist, podcaster, and author. Hoffman is the co-founder and executive chairman of LinkedIn, a business-oriented social network used primarily for professional networking. He is also chairman of venture capital firm Village Global and a co-founder of Inflection AI.

Better World Books is an American online bookseller of used and new books, founded in 2002 by students of the University of Notre Dame, Indiana.

<span class="mw-page-title-main">Cox School of Business</span> Business school of Southern Methodist University

The Edwin L. Cox School of Business is an American business school that is part of Southern Methodist University (SMU) in Dallas, Texas. The SMU Cox School of Business is headquartered in four buildings on SMU's 210-acre main campus five miles north of downtown Dallas and has a second campus in Plano, Texas.

<span class="mw-page-title-main">Rob Dyrdek</span> American skateboarder and reality TV personality (born 1974)

Robert Stanley Dyrdek is an American entrepreneur, actor, producer, reality TV personality, and former professional skateboarder. He is best known for his roles in the MTV reality and variety shows Rob & Big, Rob Dyrdek's Fantasy Factory, and Ridiculousness. In addition to his television ventures, Dyrdek is a serial entrepreneur, founding several businesses through his venture studio, Dyrdek Machine, including Street League Skateboarding and Superjacket Productions.

<span class="mw-page-title-main">Sara Blakely</span> American businesswoman (born 1971)

Sara Treleaven Blakely is an American businesswoman and philanthropist. She is the founder of Spanx, an American intimate apparel company with pants and leggings, founded in Atlanta, Georgia. In 2012, Blakely was named in Time magazine's "Time 100" annual list of the 100 most influential people in the world. In 2014, she was listed as the 93rd most powerful woman in the world by Forbes.

<span class="mw-page-title-main">Thomas G. Stemberg</span> American businessman

Thomas George Stemberg was an American businessman, investor, and philanthropist. He was a pioneer of the office supplies superstore industry, most notably for founding office supply retail chain Staples Inc. with Leo Kahn.

<span class="mw-page-title-main">Toms Shoes</span> Footwear company based in Los Angeles, California

Toms is a for-profit company based in Los Angeles, California. Founded in 2006 by Blake Mycoskie, an entrepreneur from Arlington, Texas, the company designs and markets shoes as well as eyewear, coffee, apparel and handbags.

<span class="mw-page-title-main">Daymond John</span> American businessman, investor, and television personality

Daymond Garfield John is an American businessman, investor, and television personality. He is best known as an investor on the ABC reality television series Shark Tank. As well as being the founder, president, and chief executive officer of FUBU, John is the founder of The Shark Group.

Endeavor is an organization headquartered in New York City which supports entrepreneurs with potential for economic and social impact in their regions. The organization provides the entrepreneurs in its network with services that assist them in growing ventures, creating jobs, transforming economies, and supporting future generations of entrepreneurs.

<span class="mw-page-title-main">Westport Library</span> Public library in Westport, Connecticut, US

The Westport Library is a public library in the town of Westport, Connecticut, established on February 4, 1886, by members of the Westport Reading-Room and Library Association.

<span class="mw-page-title-main">Peter Jones (entrepreneur)</span> English billionaire businessman (born 1966)

Peter David Jones is an English entrepreneur, businessman, investor, and reality television personality, with interests in mobile phones, television, media, leisure, retail, and property. He is the last remaining original investor on the BBC One series Dragons' Den, and has appeared on other television programmes with similar formats.

<span class="mw-page-title-main">Daniel Lubetzky</span> American businessman

Daniel Lubetzky is an American billionaire businessman, philanthropist, author, and founder and executive chairman of snack company Kind LLC.

<span class="mw-page-title-main">Hamdi Ulukaya</span> Turkish businessman of Kurdish ethnicity (born 1972)

Hamdi Ulukaya is a Turkish billionaire businessman, activist, philanthropist of Kurdish ethnicity and based in the United States. Ulukaya is the owner, founder, chairman, and chief executive officer of Chobani, the #1-selling strained yogurt brand in the US. He established production facilities first in upstate New York, and since then has expanded. According to Forbes, his net worth as of October 2022 is US$2.1 billion. On 26 April 2016, Ulukaya announced to his employees that he would be giving them 10% of the shares in Chobani.

<span class="mw-page-title-main">Sabirul Islam</span> British entrepreneur, author and motivational speaker

Sabirul Islam is a British entrepreneur, author and motivational speaker. He has written three self-help books. His Teen-Trepreneur board game sold to over 550 schools in the United Kingdom and in 14 countries worldwide. Since 2011, he has spoken at 867 events worldwide as part of his Inspire1Million campaign.

Paige Mycoskie is an artist, fashion designer, and businesswoman, best known as the founder and owner of the Lifestyle / Fashion Brand, Aviator Nation. Paige's brand story is featured in Forbes showcasing her success as a female entrepreneur. She was named GQ Magazines Designer of the Year, one of LA Business Journals Top Bosses Under 30. She and her brother Blake Mycoskie were runners up and contestants on season 2 of The Amazing Race.

<span class="mw-page-title-main">Love Your Melon</span> Apparel company

Love Your Melon Inc. is a for-profit company based in Minneapolis, Minnesota. Founded in October 2012 by Zach Quinn, son of Cafe Latte owners Pete and Linda Quinn, and Brian Keller with startup money, the company designs and markets most notably hats — as well as headbands, scarves, blankets and apparel.

Ido Leffler is an Israeli-born Australian entrepreneur, investor, and advisor. He is the co-founder of Yoobi, Yes To Inc., Cheeky, Brandless, and Beach House Group.

One for one is a social entrepreneurship business model reputedly developed by Blake Mycoskie of TOMS Shoes, in which one needed item is given away for each item purchased.

References

  1. Hubbard, Kelsey (January 7, 2012). "Sole Man Blake Mycoskie". The Wall Street Journal . Retrieved March 7, 2014.
  2. 1 2 3 Phelps, Nicole (May 15, 2020). "Blake Mycoskie Is Flourishing—And You Will Too If You Try His New Wellness Program, Madefor". Vogue. Retrieved October 5, 2020.
  3. Shambora, Jessica (March 16, 2010). "How Toms Shoes founder Blake Mycoskie got started". CNN. Archived from the original on March 9, 2014. Retrieved March 9, 2014.
  4. Grigsby Bates, Karen (November 26, 2010). "'Soul Mates': Shoe Entrepreneur Finds Love In Giving". NPR. Retrieved March 7, 2014.
  5. Wong, Grace (September 26, 2008). "Blake Mycoskie: Sole ambition". CNN. Archived from the original on March 9, 2014. Retrieved March 7, 2014.
  6. Amred, Imam, Vikram Alexi Kansara (July 29, 2013). "Founder Stories | Blake Mycoskie of Toms on Social Entrepreneurship and Finding His 'Business Soulmate'". Business of Fashion . Archived from the original on March 16, 2015. Retrieved March 7, 2014.
  7. Sire, Brigitte (April 1, 2009). "Saving Soles". Hemispheres . Archived from the original on March 9, 2014. Retrieved March 7, 2014.
  8. "Executive Profile: Blake Mycocksie". Bloomberg Businessweek . March 7, 2014. Retrieved March 7, 2014.[ dead link ]
  9. 1 2 Colao, J.J. (March 3, 2014). "The Trials Of Entrepreneurship: Toms Founder Blake Mycoskie On Starting Up Again ... And Again". Forbes . Retrieved August 6, 2016.
  10. Sellers, Andrea (April 28, 2003). "Former 'The Amazing Race' contestant Blake Mycoskie announces all-reality 'Reality Central' television network". Reality TV World. Retrieved March 7, 2014.
  11. "Get to the top with Mycoskie's 5 tips". CNN. September 26, 2008. Retrieved March 7, 2014.
  12. "Blake Mycoskie, Contributor Profile". HuffPost . 2014. Retrieved March 7, 2014.
  13. Mycoskie, Blake (September 21, 2011). "Blake Mycoskie Conceived The Idea For Toms Shoes While Sitting On A Farm, Pondering Life, In Argentina". Business Insider . Retrieved March 7, 2014.
  14. Zimmerman, Mike (2013). "The Business of Giving: Toms Shoes". Success . Retrieved March 7, 2014.
  15. Burstein, David D. (2008). "Blake Mycoskie, Founder and Chief Shoe Giver of Toms Shoes". Fast Company . Retrieved March 7, 2014.
  16. Schweitzer, Tamara (2010). "The Way I Work: Blake Mycoskie of Toms Shoes". Inc. Retrieved March 7, 2014.
  17. Groden, Claire (June 26, 2013). "Toms Hits 10 Million Mark on Donated Shoes Read more: Toms Hits 10 Million Mark on Donated Shoes". Time . Retrieved March 7, 2014.
  18. "40 Under 40". CNN. 2011. Retrieved March 7, 2014.
  19. Moore, Booth (June 11, 2011). "Toms founder Blake Mycoskie is known for pairing fashion and causes". Los Angeles Times . Retrieved March 7, 2014.
  20. Garton, Christina (June 8, 2011). "Toms' Blake Mycoskie announces next one-to-one product for charity". USA Today . Retrieved March 7, 2014.
  21. Clendaniel, Morgan (June 7, 2011). "Toms Glasses: The Newest Buy-One-Give-One Product from Toms Shoes". Fast Company. Retrieved March 7, 2014.
  22. Kerima Greene (September 7, 2011). "Interview with Blake Mycoskie the Author of 'Start Something That Matters'". CNBC . Retrieved February 5, 2013.
  23. QMI Agency (August 4, 2011). "Q&A with Toms shoes Founder Blake Mycoskie". London Free Press . Retrieved February 5, 2013.
  24. Ariel Schwartz (September 5, 2011). "Toms Shoes CEO Blake Mycoskie On Social Entrepreneurship, Telling Stories, And His New Book". Fast Company . Retrieved February 5, 2013.
  25. Sandi Gordon (January 3, 2013). "Change the World – Start Something That Matters". Ezine.com.
  26. "Hardcover Business Books". The New York Times . October 2011. Retrieved February 5, 2013.
  27. "Reprint of New York Times best-seller list". September 16, 2011. Retrieved February 5, 2013.
  28. Strom, Stephanie (March 11, 2014). "Turning Coffee Into Water to Expand Business Model". The New York Times. Retrieved March 12, 2014.
  29. Graham, Jefferson (March 12, 2014). "SXSW | Toms Expands to Coffee". USA Today.
  30. De La Merced, Michael J. (August 20, 2014). "After Sale to Bain, Toms's Chief Wants to Expand Global Reach". The New York Times. Retrieved August 21, 2014.
  31. Healy, Beth (August 20, 2014). "Bain Capital buys 50 percent of company that donates shoes". Boston Globe. Retrieved August 21, 2014.
  32. Fell, Jason (August 20, 2014). "Toms Lands Major Investment From Bain Capital". Entrepreneur . Retrieved August 21, 2014.
  33. Dishman, Lydia (March 4, 2020). "'Modern living is tough': Toms founder launches a wellness kit inspired by his own struggles". Fast Company. Retrieved October 5, 2020.
  34. "The Amazing Race 2".
  35. Vincent, Robyn (Winter 2019–2020). "Tomorrow's Courage Today". Jackson Hole Snowboarder Magazine. pp. 89–92. Retrieved October 5, 2020 via Issuu.
  36. Moore, Booth (December 23, 2012). "Toms Shoes: A Venice shoe-in". Los Angeles Times. Retrieved March 7, 2014.
  37. Abkowitz, Alyssa (June 17, 2015). "How CEO Dads Cope with Paternity Leave". Fortune . Retrieved August 16, 2015.
  38. Henson, Maria (October 3, 2018). "Walking With the Hope". Wake Forest Magazine. Retrieved October 5, 2020.
  39. Moxley, Mitch. "20 Minutes With: Toms Shoes Founder Blake Mycoskie, Whose New Company Takes Aim at Physical and Mental Health". barrons.com. Retrieved October 5, 2020.
  40. "Blake Mycoskie, Toms Shoes founder, on playing in the AT&T Pro-Am, downing beers before a tee time, and his ambitious anti-gun violence campaign". Golf Digest. Retrieved October 5, 2020.
  41. "Blake Mycoskie on How Travel Can Inspire Selflessness". Sunset . December 13, 2016. Retrieved October 5, 2020.
  42. "Blake Mycoskie, founder of Toms, on the power of entrepreneurship". Sporteluxe. February 12, 2016. Retrieved October 5, 2020.
  43. "How This Game-Changing Golf Performance Facility Landed Blake Mycoskie As an Investor". Destination Luxury. August 1, 2018. Retrieved October 5, 2020.
  44. Furnari, Chris. "Leading Non-Alcoholic Beer Maker Athletic Brewing Closes $17.5 Million Series B Round Backed By Darren Rovell And Blake Mycoskie". Forbes. Retrieved October 5, 2020.
  45. "The Sexiest Bachelor in America". tcm.com. Retrieved October 5, 2020.
  46. "The Cannes Lionheart Award 2016 goes to Toms founder, Blake Mycoskie" . Retrieved October 6, 2020.
  47. Boston, 677 Huntington Avenue; Ma 02115 +1495‑1000 (March 31, 2015). "Chelsea Clinton, Vice Chair of the Clinton Foundation". Voices in Leadership. Retrieved January 3, 2019.{{cite web}}: CS1 maint: numeric names: authors list (link)
  48. Boston, 677 Huntington Avenue; Ma 02115 +1495‑1000 (March 4, 2015). "Next Generation Award". Fellowship Celebration. Retrieved January 3, 2019.{{cite web}}: CS1 maint: numeric names: authors list (link)
  49. Kay, Andrea (January 25, 2013). "How to enthrall an audience when you speak". USA Today. Retrieved March 7, 2014.
  50. "Philanthropist Blake Mycoskie will receive ISPA Humanitarian Award". Smart Brief. May 29, 2013. Archived from the original on March 9, 2014. Retrieved March 7, 2014.
  51. "40 Under 40 – Blake Mycoskie". Fortune. October 25, 2011. Retrieved March 7, 2014.
  52. "Person of the Week: Toms Shoes Founder Blake Mycoskie". ABC News. April 8, 2011. Retrieved March 7, 2014.
  53. Mycoskie, Blake (December 10, 2009). "Toms Shoes Accepts the Secretary of State's 2009 ACE Award". HuffPost. Retrieved March 7, 2014.
  54. "America's Most Promising Social Entrepreneurs". Bloomberg Businessweek. 2008. Archived from the original on April 6, 2009. Retrieved March 7, 2014.
  55. Ingrassia, Lisa (September 10, 2007). "He Gave 50,000 Kids Their First Pair of Shoes". People . Retrieved March 7, 2014.
  56. "Toms Shoes Win the 2007 People's Design Award (Press release)". Cooper Hewitt, Smithsonian Design Museum. October 19, 2007. Archived from the original on March 9, 2014. Retrieved March 7, 2014.