Gofundi - The Platform for Giving Versus Non Profit

5min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

Gofundi is a company that helps people raise money to help others. They are for profit so they can invest and innovate in a way it would be impossible if the business was not. We talk with vanta's ceo about two factor authentication, which could have prevented 20 16 election hack. And we'll find out what other security switches you should flip on your computer.

From the start of the pandemic, GoFundMe has served as a consistent global outlet for help. Since its inception, the for-profit crowdsourcing platform has facilitated $15 billion in giving through more than 200 million donations. It’s also attracted big names to the platform, including Taylor Swift, the Dalai Lama, and will.i.am. The key to the company’s success? According to CEO Tim Cadogan: "You need great people who are really ambitious in service of the mission.” Cadogan argues that the difference between GoFundMe and other businesses is that GoFundMe is about “people helping each other,” as opposed to commercial transactions. Asking for help, he says, unlocks more possibilities than people realize – a lesson for GoFundMe users, and for businesses overall.

Read a transcript of this episode: https://mastersofscale.com

Subscribe to the Masters of Scale weekly newsletter: https://mastersofscale.com/subscribe

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.