Social entrepreneurship bb citizenship bagde workPresentation Transcript
BY THESE FEW BOYS:Corporal Teo Zi BinCorporal Victor WongCorporal Yap Yong ShenCorporal Tay Zhuo Wei :D
WHO ARE THE SOCIAL ENTREPRENEUR???Tobey and Richmond.They came up with thesocial entrepreneurship
HOW THEY MET???Tobey and Richmond met at theHaas School of Business andhatched the idea of creating aventure that combined theirbackgrounds in education withtheir shared love of food.
WHAT WAS THEIR PLAN??Tobey and Richmond wanted todevise a concept to delivernutritious and healthy lunch
HOW THEIR PLANS TURNED INTO WORKThey raised $500,000 in seed moneyfrom venture capital firm Investorsand partnering with executive chef,Amy Klein, launched a pilotprogram at one Oakland school inthe spring of 2006
HOW THEIR PLANS TURNED INTO WORKBy years end, they were serving 10schools. Within two years, RevolutionFood went from serving 500 lunches aday to 5,000 in 30 Bay Area SchoolsThey raised two additional rounds offunding totalling $10 million fromCatamount Ventures and the WestlyGroup.
HOW ARE THEY DOING NOW???Currently, with 120 employees and twocommercial kitchens, Revolution deliversmore than 20,000 lunches to more than 100schools in the Bay Area and Los Angeles,with plans to expand across the country.Last year, the company earned $4 million inrevenue for their fiscal year that ended inJune .They are now on track to make $10million this year