Business Daily Business Daily meets: GoFundMe's Tim Cadogan
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Jan 31, 2025 Tim Cadogan, CEO of GoFundMe, discusses his journey from tech entrepreneur to leading one of the largest crowdfunding platforms, having previously founded OpenX and worked at Yahoo. He shares insights on balancing profit and charity in fundraising, and the innovative business model that supports personal campaigns. The conversation highlights the importance of storytelling and community engagement in successful fundraisers, as well as the emotional aspects that connect donors to causes. Cadogan also addresses challenges like campaign legitimacy amid rising living costs.
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Tim's Career Journey
- Tim Cadogan, originally intending to stay in the US for two years, ended up staying for 28 due to the internet boom.
- He transitioned from ad technology to GoFundMe, seeking social impact.
GoFundMe's Purpose
- GoFundMe facilitates fundraising for various needs, from medical expenses to sports team equipment.
- It caters to any cause deemed important by the fundraiser.
Successful Fundraising Tips
- Craft a compelling story that resonates with potential donors.
- Actively share the story, express gratitude, and provide updates to build a community.