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Our History
Early Years
2003 : Who needs a million dollars and a college degree?
After spending more time developing the company than going to class, Tom decided to take a leave of absence from Princeton to pursue TerraCycle fulltime. In April of 2003, Tom won the coveted grand prize at the Carrot Capital Business Plan Challenge, complete with 1 million dollars of investment money. Unfortunately, the investors wanted to move TerraCycle away from its eco-friendly mission and focus entirely on the plant food itself. Despite having only 500 dollars in the company bank account, Tom turned down the money in order to keep using waste products as packaging!
