Entrepreneur Of The Year US National Award winner

David Heath | Bombas

David-Heath

Bombas

David Heath,
CEO
New York, New York
Founded: 2013
Corporate profile   Acceptance speech

When Dave Heath read an article about a sock drive by a major garment manufacturer and the Salvation Army, he was astonished to learn that such a relatively common item could be considered a luxury. 

To remedy this shortcoming, Heath founded Bombas, a company dedicated to clothing the homeless. After researching the marketplace, he realized that most socks fell into one of two categories: inexpensive multipacks or premium socks sold at a price point beyond what the average consumer would spend.

Seizing the middle ground, Heath designed a sock that incorporated the more comfortable features of athletic socks at a more affordable price. He then infused Bombas with a purpose-driven business model, donating one item for every one purchased. The company has since launched new product lines in underwear and T-shirts.

In 2017, Heath launched an initiative with homeless shelters in New York City, pairing with local companies to donate socks. After donating more than 1 million pairs of socks in just two-and-a-half years, Bombas has expanded its community outreach program to team with 3,500 giving partners, donating over 65 million pairs of socks.

Bombas is derived from the Latin word for bumblebee, because bees always strive to make the hive a better place. To embody the company ethos of “bee better,” each new Bombas hire participates in “Hive Initiation” during their first week of work, handing out 10 pairs of socks to homeless people in New York City.