Harvard Publishing calls Better World Books the ‘real deal’ in terms of a triple bottom line – people, planet and profits. They call themselves ‘The Online Bookstore with a Soul’. Founded five years ago by three University of Notre Dame graduates (had to mention that right away, so proud), Better World Books is Amazon with a soul. They collect unwanted books from 1800 campuses and 1400 libraries, rescuing them from landfills. They sell what they can, returning a portion of the proceeds to the donating library and a portion to literacy programs. The unsold books go to literacy programs around the world. Books are shipped USPS for $3.97 using Carbonfund.com offsets.
This deceptively simply idea has grown to a $21 million operation with 200 full-time full-benefit employees that has done a tremendous amount of good. From the spring of 2003 through June 2008, Better World Books has collected more than 16 million books, raising more than $5.2 million for over 80 literacy and education non-profit organizations, sending over a million books to partner programs & saving over 8,000 tons of books from landfills. They have also set aside 5% of their stock option pool for their core literacy partners and purchased 2,400 tons of carbon offsets – and growing the company to $21 million in revenue. Now that’s a triple play.
Success does not seem to have made the three founders any less idealistic. I quote from their web site:
“We believe that literacy gives people water to drink, imparts knowledge to eliminate disease, and develops self-esteem that enables people to make their mark on the world. Our story has taken us to places we had never seen. Our dream is to continue to work for those whom we have never met.” The BWB Cofounders (from left to right): Xavier Helgesen, Jeff Kurtzman & Chris “Kreece” Fuchs