TerraCycle CEO Creates Recycling ‘Loop’ and a Likely Crowdfund Unicorn
TerraCycle Include USA Regulation A Loop TCRW
TerraCycle stock is the first equity crowdfunding idea I’ve seen on InvestorPlace that I might invest in.
The company probably doesn’t need crowdfunding at all. While you can still buy shares at $100 each through StartEngine, TerraCycle stock has already issued its first dividend, $2.09 per share.
The recycling disruptor earned $3.2 million in 2019 on $27.1 million in revenue, up 35% from the previous year. It’s currently seeking $14.8 million on a $50 million valuation.
TerraCycle isn’t flying under the radar. It was called the “Coolest Start-up in America” back in 2006. At the time its main business was converting food waste into fertilizer using worms. Now it’s focused on hard-to-recycle plastic, building networks that collect packaging, process it and sell it back as new packaging.