Tuesday, 15. November 2011 5:26
If you’ve ever doubted the power of education to inspire, just consider University of California at Berkeley grads, Nikhil Arora and Alejandro Velez.
Classmates at the Hass School of Business, Arora, 24 and Velez, 23, were on their way to lucrative careers in investment banking and business consulting after graduating two years ago. But they turned their backs on that after listening to a visiting lecturer talk about how poor, malnourished women in Columbia and East Africa were growing mushrooms in coffee grounds to supplement their diet.
Instead, they maxed out their credit cards to start their own business. Their Oakland-based Back to the Roots turns mountains of discarded Peet’s coffee grounds that would have ended up in the landfill into gourmet oyster mushroom kits now sold at Whole Foods and on the Back to the Roots Web site for $19.95 each.
In the process, Arora and Velez have created an innovative enterprise that even prompted Business Week to name them among the most promising social entrepreneurs in the United States.