GoFundMe is a crowdfunding platform that allows people to raise money for events ranging from life events such as celebrations and graduations to challenging situations such as accidents and illness. From 2010 to 2017, over $ 5 billion is raised on platforms for more than two million individual campaigns and 50 million donors. For private campaigns in the U.S., Canada and UK, GoFundMe is a free platform. The company is based in Redwood City, California, with offices in San Diego and Dublin, and with operations in France, Spain, Germany and the UK.
Video GoFundMe
Histori
The company was founded in May 2010 by Brad Damphousse and Andrew Ballester. Both have previously established Paygr which is a website dedicated to allow members to sell their services to the public. Damphousse and Ballester originally created a website called "CreateAFund" in 2008, but later renamed GoFundMe after making many improvements to the features of the website. GoFundMe was founded in San Diego, California.
GoFundMe is the largest crowdfunding platform, which is responsible for collecting more than $ 5 billion since its debut in 2010. GoFundMe receives donations in excess of $ 140 million per month. In 2016, GoFundMe generates $ 100 million in revenue. In June 2015, it was announced that Damphousse and Ballester had agreed to sell a majority stake in GoFundMe to Accel Partners and Technology Crossover Ventures. Damphousse and Ballester resigned from the company's day-to-day surveillance. GoFundMe valued deal about $ 600 million. In January 2017, GoFundMe acquired CrowdRise. GoFundMe's leadership team includes Rob Solomon (CEO), Hoang Vuong (COO & CFO), Raquel Rozas (CMO), Chi-Chao Chang (CTO), and Daniel Gordon (VP of Trust, Policy and Communications). Ballester remains on the board of directors and holds undisclosed shares in the company.
Maps GoFundMe
Business model
GoFundMe allows users to create their own website by which they collect money. During this process, members can explain the cause of their fundraising and the amount they expect to upgrade, and upload photos or videos. Once the website is created, GoFundMe allows users to share their projects with people via integrated social networking links (Facebook, Twitter, etc.) and email. People can then contribute to a user's cause via the website using a debit or credit card and track their funding progress. Those who donate may also leave comments on the website to support the project. If the user does not receive donations, then no fees are made. The payment processor collects 2.9% and $ 0.30 from each GoFundMe transaction.
GoFundMe is unique to crowdfunding because they are not an incentive-based crowdfunding website. While allowing projects that are intended to fund other projects for musicians, inventors, etc., business models are prepared to allow donations for personal causes and life events such as medical bills. GoFundMe also has a dedicated section dedicated specifically to users who are trying to raise money to cover their tuition fees. One of the most important lecture projects involved helps users collect $ 25,000 to pay tuition overseas for a PhD program.
GoFundMe targets social media platforms to create awareness for campaigns. GoFundMe employs Daniel Pfeiffer in 2015 as head of communications and policy. Pfeiffer previously served as adviser to President Barack Obama and left the company in 2017.
By 2015, GoFundMe announces that the site no longer supports legal defense funds on their platforms. The news comes after the site suspended funding for the defense of Sweet Cakes by Melissa, a bakery fined for refusing to bake cakes for same-sex marriage. Starting November 2017, GoFundMe terms and conditions allow campaigns for certain types of legal advocates.
In November 2017, GoFundMe announced that it would no longer charge a 5% per donation for individual US, Canadian and UK campaigns, and vice versa depending on the tips left by donors to support the website. Processing fees for online credit card payments will still apply to donations.
Jobs
GoFundMe has received several awards including the best workplace in 2017 technology, the best workplace in giving back 2017, the best small and medium-sized company in the bay area of ​​2017, and the best mid-sized workplace in 2016. GoFundMe has an important re-giving program in which employees choose campaigns that inspire them. GoFundMe then donated $ 1000 to the campaign. By 2015, GoFundMe returns more than $ 500,000. GoFundMe employees receive $ 600 per year for health program benefits. This money can be used for gym membership, sports equipment, spa, and dietary needs. GoFundMe matches a 401k contribution of up to six percent. GoFundMe has designed their office with an open floor plan to build a collaborative work environment.
Important projects
References
External links
- Official website
Source of the article : Wikipedia
0 Comments