Social Entrepreneur  By  cover art

Social Entrepreneur

By: Tony Loyd
  • Summary

  • Social Entrepreneur exists at the intersection of profit and purpose. We tell positive stories from underrepresented voices, focused on solutions.

    Copyright, 2020, Culture Shift Companies. All rights reserved
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Episodes
  • An Umbrella Made from Ocean-Bound Plastic, with Deirdre Horan, Dri
    May 18 2022

    (For show notes and a full transcript, see https://tonyloyd.com/deirdre-horan).

    Dri produces durable, fashionable, and environmentally sustainable umbrellas from ocean-bound plastic.

    As a fifteen year-old, Deirdre Horan left her comfortable home in Acton, Massachusetts to join a youth group traveling to Gulfport, Mississippi. This was two years after Hurricane Katrina, and the community continued to struggle.

    “What really struck me was the level of devastation that was still there two years later,” Deirdre explains. “It takes much longer than the initial relief to pick lives back up. People will always need assistance if they’ve been impacted. I saw at a young age that something can always be done for somebody.”

    Deirdre continued to travel back to Gulfport year after year. But she also thought of how she could make a greater impact.

    A shift in plans

    In 2017, Deirdre watched a documentary, Garbage Island: An Ocean Full of Plastic. In the film, Captain Charles Moore made a comment that stuck with her.  “He said something like, ‘The oceans to a degree help clean itself out. We need to address the amount that’s flowing in,’” Dierdre explains.

    “I went down a black hole, researching recycling. I learned that plastic bottles could be upcycled into polyester.

    “One day I was walking to work and my umbrella flipped inside out. I was wet, discouraged, and angry. I threw the umbrella in the trash can. I checked the tag. It was made with polyester yarn. The wheels started turning. I realized that I didn’t know who made any umbrella, let alone an eco-friendly umbrella.”

    That’s when the idea came for an umbrella made from ocean-bound plastic.

    “I ran around telling everybody I knew about this idea. And then, I realized that I had to buckle down and do some research. One of the biggest hurdles was finding someone who could make it ethically.

    “I vetted multiple companies before I made my decision.”

    The problem

    The world produces 380 million tons of plastic every year. Much of that is for single-use.

    But what about recycling? Much of the plastic that is gathered for recycling is sent to countries with weak environmental laws and poor waste management systems. According to Deirdre Horan of Dri, over 17 billion pounds of plastic flows into the ocean every year. That’s more than one garbage truck per minute.

    In many of these low-income countries, waste pickers will pick up ocean-bound plastic and bring it to recycling centers. That plastic is pelletized and can be spun into yarn and polyester.

    The solution

    Dri umbrellas are created from upcycled ocean-bound plastic. The handles are made from fast-growing bamboo, and the shafts are stainless steel, which is recyclable.

    Learn More About Deirdre Horan and Dri

    Dri: https://dri.earth

    Dri on Instagram: https://www.instagram.com/dri_umbrellas

    Dri on Twitter: https://twitter.com/DriUmbrellas

    Vice Documentary, Garbage Island: An Ocean Full of Plastic: https://youtu.be/D41rO7mL6zM

    IFundWomen: https://ifundwomen.com

    First Founders: https://firstfounders.org

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    21 mins
  • Grants, Challenges, and Incubators (Oh My!) with Shubham Issar of SoaPen
    Mar 11 2022

    For a full transcript and extended show notes, see https://tonyloyd.com/shubham-issar.

    Shubham Issar and Amanat Anand go from the UNICEF Wearables for Good Challenge to Shark Tank and beyond.

    Shubham Issar and Amanat Anand grew up in New Delhi but met at Parsons School of Design in New York. They loved working together on hands-on design projects that made a difference. In 2015, they entered the UNICEF Wearables for Good Challenge. While investigating the challenge, they ran into a statistic that shocked them. Hundreds of thousands of children under the age of five die annually from infectious diseases that handwashing can prevent. Shubham and Amanat were determined to do something about that.

    They returned to India to see handwashing in action. They sat in classrooms and observed. They discovered that teachers, overwhelmed by a student ratio of sixty-to-one, were rationing soap. Proper handwashing was not happening at critical times during the day.

    They also observed the children enjoying their favorite pastime, drawing with bright colors.

    Shubham and Amanat had an idea to make handwashing fun. They developed a prototype of a soap pen. Kids draw on their hands with brightly colored soap. It takes 20 to 40 seconds to wash off the design, ensuring proper handwashing.

    UNICEF selected their design as one of ten winners of the Wearables for Good Challenge. And so, SoaPen, the product, and the company were born.

    With the prize money, Shubham and Amanat conducted research and development. In 2017, they conducted a Kickstarter campaign to fund a production run. In 2018, they launched their first product on Amazon, but they struggled with sales.

    "Talking about 2019 itself, it was just such a hard year for us," Shubham says. "We were bootstrapped. We launched on Amazon because we wanted to be where the parents were. But when you launch on Amazon, you're this little fish in this massive pond. You don't know how to reach the right audience.

    "In October of 2019, we were featured in Real Simple magazine. Being the millennial I am, I had no idea the power that print media had. We completely sold out our entire inventory in two and a half weeks."

    SoaPen's supply chain was not ready. Amazon's algorithm sent people to their page, but SoaPen could not meet the demand. Their supplier took more than eight weeks to produce new SoaPens. When the SoaPen products returned in stock, the wholesale channel took 70% of that order. So SoaPen remained out of stock on Amazon.

    "On Amazon, if you're inactive for two weeks, you're essentially starting from scratch. I think that was very stressful. We finally felt like we had market validation, that the parents were interested in the product and that it was filling a need."

    That was January 2020. Then, COVID hit, and they sold out again.

    During this time, SoaPen received crucial customer feedback. Parents wanted more vibrant colors. And, they wanted a smaller roller ball for better drawing. When it seemed like SoaPen should rush into production, they decided to pause to get the product right.

    With a redesign and supply chain issues, they took time to get the product back on shelves. They missed sales opportunities, but they developed a product that kids and their parents love.

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    47 mins
  • Can Meta be a Force for Good? An Interview with Emily Dalton Smith
    Nov 27 2021

    Is it possible for the company formerly known as Facebook to be a force for good? There are some bright spots. 

    NOTE: For a full transcript of the conversation, go to https://tonyloyd.com/emily-dalton-smith


    If you want to hear bad news about Meta, the company formerly known as Facebook, you don’t have to look far. And, there’s plenty of bad news to find. If you’re interested in reading more about that, just Google the phrase Facebook Papers.

    But, for me, there’s a more interesting question. Can Meta be a force for good? Is it possible?

    As you know, here at Social Entrepreneur, our motto is “We tell positive stories from underrepresented voices, focused on solutions.” I admire models such as Solutions Journalism, where journalists ask the question, “Who does it better?” And I love appreciative inquiry, where leaders take a strengths-based approach. I would also recommend Switch: How to Change Things When Change Is Hard by Chip and Dan Heath.

    The point of all of these approaches is, look for the bright spots. Look for what is working and spread that around.

    If you know my story, you know that I was a corporate executive. I was bothered by big questions that drove me to leave my career and learn about social entrepreneurs. Social entrepreneurs use the power of business to do social good.

    I believe, if we are going to save humanity, we cannot depend on government agencies and nonprofits to do the work required. Their work is necessary but insufficient.

    Every business must look at its impact, both positive and negative. We must find the positive effects of our companies and amplify that.

    Let me be clear. To make the kind of impact needed, companies cannot work around the edges. If ExxonMobil plops a solar panel on top of their headquarters, they cannot declare victory and go home. We have to rethink our business models fundamentally.

    And positive change requires third-party verification. That’s why I’m such a fan of certified B Corporations.

    In today’s interview, Emily Dalton Smith, Vice President of Product Management at Meta, describes how Meta is creating a positive social impact. She talks about Crisis Response, Charitable Giving, Community Help, Health, Mentorship, COVID-19 Information Center, and the Voting Information Center. 

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    32 mins

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