Happy Birthday TerraPass!
Tom Arnold | November 30, 2005
That’s right — we’ve crossed the one year mark as an organization. Now, everyone involved may be pulling out their calendars to check my math. How do you mark the birthday of a business anyway? Is a business born the day the idea comes to you? The date of incorporation? The date the door opens (or web site goes live)?
Well, being business students, we believe TerraPass became a going concern the day we took our first customer order. That’s when we knew we were selling something that people wanted. Amazingly, we crossed this threshold only four weeks after we began building the company!
I thought I would take the time to recap our milestones for the year. Are there other things that should be on this list? Send us an email.
- We reduced almost 36 million pounds of CO2, more than Starbuck’s April wind commitment.
- We provided funding for eight separate domestic clean energy projects, helping to paving a path for America’s clean energy future.
- We drove (ha!) almost 100,000 people to our website, where we reminded them of their car’s impact on our climate (and a solution!).
- We motivated 360 individual bloggers to write about TerraPass.
- Our little company has been featured in 37 major newspaper and magazine articles.
- We recruited two of the world’s leading climate scientists, Bill Moomaw (Tufts), and Bill Schlesinger (Duke) to the TerraPass Advisory Board.
- We raised two tranches of money from investors interested in doing well by doing good, including the innovative team at GreenShift.
- We balanced out the emissions of a full schedule of the major green festivals in the US (SunFest, SolFest, GreenFest DC, GreenFest SF).
- We completed our conversion to a C-corp. Note to aspiring classroom entrepreneurs: Never create an LLC with more than five members. Ever!
- We proved that MBA students can do something other than work for McKinsey or Goldman Sachs upon graduation.