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	<title>CoryLevy.com &#187; greensoul shoes</title>
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	<description>18 year-old entrepreneur</description>
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		<title>Interview with GreenSoul Shoes CoFounder Steve Chen</title>
		<link>http://www.corylevy.com/2009/04/16/interview-with-greensoul-shoes-founder-steve-chen/</link>
		<comments>http://www.corylevy.com/2009/04/16/interview-with-greensoul-shoes-founder-steve-chen/#comments</comments>
		<pubDate>Thu, 16 Apr 2009 17:30:20 +0000</pubDate>
		<dc:creator>Cory Levy</dc:creator>
				<category><![CDATA[Interview]]></category>
		<category><![CDATA[greensoul shoes]]></category>
		<category><![CDATA[stephen chen]]></category>

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		<description><![CDATA[Steve Chen is the former Vice President of Business Strategy at Bear Stearns where he helped launch an international hedge fund software company.  After being laid off from work, he has thrown his expertise behind GreenSoul Shoes, which manufactures shoes from recycled materials and distributes them to underprivileged children in third-world countries. Please describe to me [...]]]></description>
			<content:encoded><![CDATA[<p><strong><span style="font-weight: normal;">Steve Chen</span></strong> is the former Vice President of Business Strategy at Bear Stearns where he helped launch an international hedge fund software company.  After being laid off from work, he has thrown his expertise behind <a href="http://greensoulshoes.wordpress.com/">GreenSoul Shoes</a>, which manufactures shoes from recycled materials and distributes them to underprivileged children in third-world countries.</p>
<p><strong>Please describe to me the company you started, Green Soul Shoes.</strong></p>
<p><strong><span style="font-weight: normal;">GreenSoul Shoes (GSS) is unique positioned as a 100% recycled, waste reducing, shoe company. We are a company that reinvests in the environment by upcycling waste into something of greater use and value. We work with </span><span id="lw_1239901999_0" class="yshortcuts"><span style="font-weight: normal;">Third World</span></span><span style="font-weight: normal;"> artisans to hand-make shoes from </span><span id="lw_1239901999_1" class="yshortcuts"><span style="font-weight: normal;">truck tires</span></span><span style="font-weight: normal;"> and for every pair of shoes that we sell, we also give a pair away to a barefoot child in the same community. In doing so, we will provide opportunities for Third World economic development while empowering their communities to provide resources for themselves. GSS will provide shoes for 1 million unprivileged, shoeless children in 5 years with our “buy one, give one” policy.</span></strong></p>
<p><strong>How did you come up with the idea / what made you want to pursue it?</strong></p>
<p>My partner Alastair Ong had been visiting <span id="lw_1240069688_0" class="yshortcuts">Southeast Asia</span> during a previous business venture when he came across a village living on a landfill. Given the destitute conditions, Alastair was heartbroken and wanted to help so he came back and worked with friends and family to come up with a holistic business model that would allow for multiple stakeholders. Today, Alastair, Iris (Alastair&#8217;s wife), and I, work to shoe underserved children around the world!</p>
<p><strong>How / Why is this better than what you did for a living previously?<br />
</strong></p>
<p><strong><span style="font-weight: normal;">I worked at </span><span id="lw_1239901999_7" class="yshortcuts"><span style="font-weight: normal;">Bear Stearns</span></span><span style="font-weight: normal;"> for 2 years and had the incredible <strong><span style="font-weight: normal;">opportunity to work for an </span><span id="lw_1239901999_8" class="yshortcuts"><span style="font-weight: normal;">international investment bank</span></span><span style="font-weight: normal;">. During that time I helped started a successful software company called BearXplorer that helped institutional investors better allocate their portfolio holdings.</span></strong></span></strong></p>
<p><strong><span style="font-weight: normal;">The similarities are that in both cases, I have been afforded the opportunity to work with a team of dedicated professionals to build an innovative company that seeks to develop outsized value.</span></strong></p>
<p><strong><span style="font-weight: normal;"><strong>How do you see our market changing over the next few years?<br />
</strong>Supporting additional companies who invest in the triple bottom line. Consumers and businesses will look for new ways to reduce the environmental impact of daily life—not just because it is the right thing to do—but rather because it will make the most amount of economic sense. Governments will create additional incentives to enter these markets are we continue our transition away from shrinking job markets.</span></strong></p>
<p><strong> </strong></p>
<p><strong><strong>Who are your favorite entrepreneurs?<br />
</strong><span id="lw_1239901999_11" class="yshortcuts"><span style="font-weight: normal;">Richard Branson</span></span><span style="font-weight: normal;">, Dave Novak, and </span><span id="lw_1239901999_12" class="yshortcuts"><span style="font-weight: normal;">Tony Hsieh</span></span></strong></p>
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