Tegu is a toy company based in Honduras and the United States that sells magnetic wooden toy blocks.[1][2][3][4][5][6][7][8][9][10][11] The company was founded in 2006 by Chris Haughey and Will Haughey. The company aims to help Honduras through positive employment opportunities, tree-planting efforts, and by funding days of school.[citation needed]
| Founders | Chris Haughey, Will Haughey | |
| Type | Magnetic Wooden Toy Company | |
| Founded | 2006 | |
| Headquarters | Rowayton, Connecticut, United States and Tegucigalpa, Honduras | |
| Website | www.tegu.com | |
| Revenue | $8 Million (2019)[12] |
Business overview
editCo-founders and brothers Chris Haughey and Will Haughey were born in New Zealand and moved to St. Louis, Missouri at a young age. Both attended the John Burroughs Preparatory Day School in St. Louis, Missouri. The Haughey family took numerous mission trips to underdeveloped nations.
After graduating from Stanford with a degree in mechanical engineering in 2002, Chris Haughey spent a year in Mexico City working with university students. He then joined the Boston Consulting Group as a management consultant and traveled extensively though Latin America. While on a business trip to Honduras, he reconnected with missionary friends he had met on past trips. Through these encounters and his interactions with Honduran culture, Chris Haughey decided he wanted to launch a company with positive social benefits in Tegucigalpa, Honduras. After conducting almost a year’s worth research and market validation, Chris left the Boston Consulting Group to found Tegu in March 2007.
Will Haughey graduated from Indiana University’s Kelley School of Business in 2004 and began working at Goldman Sachs. After success in the investment banking field, he joined Tegu full time in May 2008.
Tegu blocks are the first magnetic wooden blocks on the market and are manufactured using Huesito, Mahogany, Beech, and Primavera woods. The company name is derived from Honduras’ capital, Tegucigalpa.
References
edit- ^ "Home". tegu.com.
- ^ "Tegu: Blocks with a Twist". Wired.
- ^ "Green toy review: Tegu magnetic wooden blocks • Growing a Green Family". 28 May 2010.
- ^ "Tegu Wooden Blocks Review | Smart Mom Picks". Archived from the original on 2010-06-01. Retrieved 2010-07-26.
- ^ "Tegu uses both wooden blocks and magnets » Coolest Gadgets". www.coolest-gadgets.com. Archived from the original on 2009-12-14.
- ^ "Tegu Magnetic Wood Block Sets to Inspire Creativity in Kids | Ziggity Zoom Parents". www.ziggityzoom.com. Archived from the original on 2010-05-23.
- ^ "How to start a toy company, Part 1 of 2 « Tegu | Blog". www.tegu.com. Archived from the original on 2010-03-28.
- ^ "Buy Tegu products at Abe's Market | Natural, Eco Friendly, and Green Products". Archived from the original on November 2, 2010.
{{cite web}}: CS1 maint: unfit URL (link) - ^ Archived at Ghostarchive and the Wayback Machine: magic tegu blocks. YouTube.
- ^ "Inhabitat - Green Design, Innovation, Architecture, Green Building".
- ^ "Giocattoli eco sostenibili: I nuovi blocchi magnetici in legno 'Tegu'Green Toy Review: Tegu Magnetic Wooden Blocks | Class Green". Archived from the original on 2013-02-21. Retrieved 2010-07-26.
- ^ Thorpe, Devin. "This Entrepreneur Is Giving Hondurans Something They Really Want—Jobs". Forbes. Retrieved 2024-03-30.