You're watching...
Fundly CEO Dave Boyce on how the firm helps new non-profits make the most of their fundraising potential, particularly through social media.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
Here's a step for you 300 billion dollars is made in charitable contributions in the US every single year.
13%.
Of that giving is done online with that number expected to grow because it's so easy to do by 35%.
In the next few years -- It shouldn't be any surprise anybody that this awkward or has seen his company -- 600% last year.
David -- is the C -- fondly it is the world's largest online social fund raising.
-- from -- congratulations David and I don't mean to sound -- but I know a lot of people out there are thinking this isn't is is there anything wrong.
-- making money off of charities.
Thanks for the question David thanks for having me.
The down.
You know right now we are building what we think is a very important company.
To help serve the needs of non profits.
And the good thing that we're able to do is not charge any money to get started it used to be that you had to spend tens.
Hundreds of thousands or maybe a million dollars to get an enterprise scale nonprofit fundraising solution in place.
Now you spend nothing.
-- we take a couple of pennies for every dollar they get fund raised but we don't succeed until you succeed.
OK so let's explain to people how this works.
And you've raised about 238 million to date so obviously it's doing rather well you've got about 8000 users anybody a school a club a team a group.
Even a political campaign could go wonder -- sign up and make it super easy for people to donate.
Let's talk about the political campaigns because you actually won awards in the wake of that actually -- I guess -- so much money for senator Barbara boxer's reelection campaign in twenty tend to do not talk about how that came to pass.
Yeah well in you know in the 2010 election cycle.
When Barbara -- was running for reelection.
They realize that they had 50000.
Fans are likes on Facebook from.
And no way to know how engaged those fans were whether they were could could -- would become donors or could or would become voters.
So we launched -- finally application to help every want every donation came in over the fit finally and -- channel.
Turn into a solicitation of friends to join them in supporting for the final push and -- one.
You write a poly award for best if FaceBook application or you're not only growing in in terms of numbers were -- also growing enters of people your hiring right did you move outta office just it fit all the new people -- and and and -- -- the folks out there wanna apply.
-- -- -- We did we -- and we moved on Friday to a new office we doubled our staff since October.
More and we are continuing to hire engineering design marketing.
And and if you want to apply just come to us finally dot com and look -- our jobs page.
That's FUNDLY.
-- you've been involved in startups in the past about three of them and and one of them was sold to Oracle not bad.
-- what what what's the Genesis of this idea.
Well as you mentioned at the at the beginning -- segment 300 billion dollars.
Given a non profits by individuals but at at the more it at the down to earth level we've all given.
To non profits and we all want to give back we want to connect to something whether -- has to do with what our kids.
Are participating in schools are club through has to do with our alma mater has to do with the cause that we care about.
The problem is that those donation experience aren't always easy and they're not always for failing and they don't always leverage the power of social networks.
So we saw a big space 300 billion dollars.
We saw FaceBook -- 150 million users 60%.
Of the US population has a social.
Media profile.
And yet these donation experiences.
We're not social right.
And so we saw a big opportunity to allow non profits to meet friends of friends by just pulling in people's social networks as part of -- donation process gave voice one of those serial watch -- urge you hear about.
Now is CEO of fondly good to see a day of congratulation bank thank you very much dyslexia thank -- as well Bennett.
