Having started an impressive group of companies: All Day Buffet, The Feast, and TBD. Her mission is to leverage social good to develop and scale innovating businesses. Jerri Chou talks about L Condoms.
The Problem<br />In Africa, there are more deaths caused by AIDS than all the wars, famines, floods, and deadly diseases on the continent - COMBINED. <br />
The Problem<br />The one single technology that has been proven most effective at stopping this is something we can all get at our local convenience store: Condoms<br />Most people in Sub Saharan Africa simply don’t have access to condoms and increasingly, women in Africa are becoming the face of the epidemic. <br />
How could we offer a systemic, sustainable solution? <br />
The Opportunity<br /><ul><li>Condoms are the most popular form of sexual protection in America - and they carry the highest profit per square foot of shelf space of any HBC (Health and Beauty Care) category.The U.S. condom market is a stable and mature market growing at a steady rate every year. The economic recession brought much attention to condom sales – which were up 10.2% in the beginning months of 2009.
High gross margin of 86% allows for substantial profits to do a world of good.</li></li></ul><li>The Opportunity<br />
Condoms<br />is a condom company with a cause: to empower women globally by supporting the human right to safe sex. For every condom you purchase, one is distributed in a developing country. <br />