crowdfunding for nonprofits

By Social Entrepreneurs, For Social Entrepreneurs

At StartSomeGood we are very clear on why we exist: to support social entrepreneurs, non-profits and community groups to rally the community support they need to make a difference.

This comes directly from our founders, Tom Dawkins and Alex Budak. It’s not just that they founded StartSomeGood with the intention of support world changing initiatives, it’s that they had founded such initiatives themselves previously and so intimately understood the challenges faced by social entrepreneurs and community groups to raise the funds they need to make a difference.

Welcome to the new StartSomeGood.com: It's time to start more good!

I posted a more personal, reflective announcement about the new version of StartSomeGood.com here last week but for those of you know don't subscribe to the StartSomeGood weekly email (and you really should if that's the case, see bottom-right of the homepage) I wanted to also share with you the email we sent to the 10,000 members of the site on Friday:

Hi everyone,

In place of our usual newsletter we wanted to send you a personal email this week to let you know about some exciting changes happening at StartSomeGood and reflect on where we are.

Most importantly and obviously we have just unveiled the new version of our site!

The new site is a big step forward for us and we hope you like it as much as we do. The major changes include a lighter, brighter and friendlier design, with a simplified navigation which gives greater prominence to success stories and information to help you succeed at crowdfunding. On the back-end there’s an upgraded project dashboard to help you launch and manage your campaigns and we’re adding alternatives to Paypal for donors (already available to US ventures, coming soon for everyone else).

But it’s not all about technology. We remain committed to a hands-on and partnership-driven approach which provides you with the advice and support you need to succeed.

So if you have an idea for a project which can improve the future of your community, why not start todayRegister on our site and a member of our team will be in touch to help you design a campaign which will succeed.

Over the past two years, with your support, we have built a vibrant community of changemakers at StartSomeGood. Together, we have successfully funded 125 world-changing projects in 23 countries. We have supported social entrepreneurs as young as 16 and as established as Ashoka Fellows. We have helped launched projects as diverse as open-source mapping in Nepal to Sock Monkeys who fight cancer in the US, from social enterprise cafés in Cambodia to supporting young families in Australia and inspiring youth volunteering in 22 cities across America.

While we are proud of these successes there’s so much further we want to go. Our goal is to launch 1,000 new social initiatives over the next two years, transforming millions of lives around the world.

We would love your project, your idea, your community, to be part of that. Without you, we’re just a boring old website. With you, we can be an epic force for good in the world.

So don’t wait any longer. If you have the drive and the passion to make a difference we want to help.

Together, let’s start some good!

Sincerely,

Tom and Alex

Co-founders, StartSomeGood

PS. Read about the details of the new site and all the great activities we’re doing to celebrate, including a riddle hidden in the website and daily twitter chats this week on our blog.

PPS. Speaking about getting started you may be inspired by the first episode of our new podcast series Starting Good, featuring Charles Best, founder of DonorsChoose. Check it out.

Choosing the worst runner

Runner - The Happy Rower on flickrYou are running coach, the analogy goes, and you have to choose between two runners. One of them has textbook form, smooth and efficient in his stride. The other is a mess, straying out of his lanes, arms and legs flailing unattractively. Despite this they are neck-and-neck at the end of the race. Who would you want to coach?

You would choose the worst runner, the guy with terrible form but who somehow managed to stay in the race despite this, because your coaching has the possibility to make the greater impact. You can’t do much with the guy with perfect form; he’s just not fast enough. But the sloppy guy, with refinement and coaching, might just be able to be really fast. In sporting parlance his ceiling is higher.

I feel like that’s where we are at with StartSomeGood right now, as we stand on the brink of unveiling the new version of our site to the world.

It’s been two years since the first version went live and, simply put, we have done almost everything wrong.

We built the first version of the website with only conceptual feedback from our target market – we didn’t show them the actual site until it was live. We didn’t talk enough about what we were doing while we were building it, and so failed to prime the community for our launch. We didn’t even have a LaunchRock page up to collect emails, so we started with zero on day 1. We put far too much time and effort into coaching efforts which didn’t sufficiently move the needle. We recruited the wrong people and compensated them in an unstrategic fashion, giving away more entity than we should have to people no longer with us.

We failed to test or monitor a lot of what was happening on our site. We were so tech-resource constrained I think it was too depressing to constantly focus  what couldn’t, in the short-term, be fixed. We just worked harder and harder to connect with and serve entrepreneurs, but these efforts couldn’t all be scaled and didn’t overcome all the shortfallings of the site itself. This lack of attention to metrics and testing meant we didn’t have as much data or insight as we should have when we became (slightly) less constrained in our tech resourcing and were able to invest in this new site.

So many mistakes.

But we’re still here. Along the way we listened, we learned. And now we are ready to show you some of those learnings embodied in this next iteration of our platform.

We interact constantly with our community, social entrepreneurs and community benefit organisations looking to raise funds in a new way. We’ve been intimately involved in over 300 campaigns now, and have seen what has and hasn’t worked. We’ve been knocked back by organisations we wanted to work with and have always asked why. We recruited an amazing advisory committee LINK who have helped stretch and inspire our thinking, as have a wide range of informal advisers and friends.

I can’t claim that we’re doing it all perfect now because we’re not. We’re busy and over-stretched and making compromises. The new version hasn’t had enough testing or rounds of user-feedback, but it’s had infinitely more than the first version. We would have done more but our updated UI/look-and-feel was done probono by Source Creative, who were lovely and generous and did a great job but didn’t have capacity for ongoing testing and additional rounds of tweaks, which was fair enough. It’s often better to put something out there and learn from how people actually use it anyway.

Raising a small amount of family-and-friends investment has allowed us to get this new version shipped and we’re committed to being much more focused on testing and analytics than we were with the first version.

There are a number of key improvements I’m excited to show you: •    We’ve simplified our navigation and lightened the feeling of the site, giving it a cleaner and more modern look •    We’ve put more emphasis on success stories and user-interactions, highlighting the people-powered nature of the site. •    We’ve added alternatives to paypal, initially just for US ventures but coming soon for everyone else. •    We’ve upgraded the venture dashboard, to help you launch and manage campaigns and; •    We’ve improved the how to info and resources on the site to educate people about how to succeed at crowdfunding.

So where are we as a business? I truly believe we stand on the brink of great things.

Despite our abundant shortcomings we have built a vibrant community of entrepreneurs and changemakers. We have 10,000 subscribers to our newsletter, 10,000 followers on Twitter and 30,000 followers on Tumblr. We have successfully funded over 130 projects in 22 countries, and this is just the beginning.

We have a fantastic, talented, passionate team spread Australia, the US, England and Sweden. Everyone is involved because they believe in our mission and are driven to scale our impact and help changemakers around the globe. You can meet our newest colleagues here.

We have just announced a number of exciting partnerships, including with ING Direct who have committed significant funds to social entrepreneurs running campaigns on our site, and with the Global Food Startup Challenge, for which we are the global crowdfunding partner.

In terms of our financials we have started slow but all sites of our sort do. Crowdfunding is boom or bust. Once you pick up pace it tends to accelerate, but the vast majority of sites never even reach the point we are at, remaining extremely limited in terms of scope or traction.

I can understand the skepticism some feel about whether there is enough room for StartSomeGood in an extremely competitive crowdfunding market but I know we provide a unique service and truly believe we are the best home for most social entrepreneurs looking to raise money from their communities. The creative crowdfunding platform are simply not built with nonprofits and causes in mind. Our success rate (comparable with the creative crowdfunding sites), incredible partners and growing traction are strong positive indicators for this belief.

So if you’ve been holding off on getting your idea out there and launching a campaign for any reason I hope you’ll reconsider and give our site a try. If you launch before April 2 you’ll be in the running for the ‘Like-Off’ we are running, with a bonus $200 grant to the project with the most likes during a 24 hour period starting at midnight April 3 Greenwich Mean Time.

Please check out the new site and let me know what you think.

Onwards and upwards!

Image by The Happy Rower made available on a Creative Commons license via Flickr.

The Development of a Social Entrepreneurship Ecosystem

Bill Drayton, founder of Ashoka and social entrepreneurship visionary, is fond of asking parents, firstly, “what would you do if your child was failing maths?” Parents instinctively have an answer for this. They would spend more time with them doing their home, get them a tutor, buy a math training program. Then he asked, “what would you do if your child was failing to develop as a changemaker?” and the answers come much less readily.

How do we create a culture of changemaking in young people? By giving them opportunities to share their ideas and participate in creating change of course!

You get better at maths by doing more maths. You get better at sport by joining a team,  practicing and playing. We have clear pathways for gaining expertise in academics and sports but it’s only more recently that we’ve begun to see a focus on providing changemaking experiences for people at a younger age and preparing them for active citizenship.

This is something Ashoka has understood for some time, having launched Ashoka Youth Venture over ten years ago to support 16-20 year-olds to develop their own initiatives, and more recently establishing AshokaU to foster a culture of entrepreneurship on college campuses.  In Australia we’ve seen the establishment of the School for Social Entrepreneurs, who run year-long courses supporting emerging social entrepreneurs of all ages to launch and scale social impact ventures and, on the opposite end of the spectrum, of Social Startup 48, a startup weekend-style event for aspiring changemakers. I’m proud to say all the above organisations are partners of StartSomeGood.

I’m also thrilled to see more and more organisations using StartSomeGood to fill gaps in this ecosystem of opportunity, inspiring, mentoring and training young people to create the future they wish to see.

One Can Grow finished a successful fundraiser on our site just a couple of weeks ago and is piloting a social entrepreneurship training program for students at three high school in Sydney. Hope Empowered is currently raising funds to engage an even younger cohort in entrepreneurial activity with their Academy for Young Entrepreneurs Initiative which will focus at the primary school level. (If you like the sound of this please chip in here). And the organisation I founded 12 years ago, Vibewire, has just, as of this writing, hit the tipping point of their StartSomeGood fundraising campaign to support three younger social entrepreneurs (under 35) to work on issues of critical importance including mental health and sustainable design.

At StartSomeGood we believe that social entrepreneurs need three types of capital to succeed: financial, intellectual and relational. Our mission is to reduce the barriers to raising early-stage financial capital for nonprofits and changemakers through peerfunding (also called crowdfunding). As these barriers come down more social entrepreneurs are stepping up to launch programs which general these other forms of capital, teaching skills and providing community for aspiring social entrepreneurs.

So these initiatives and those like them expand the answer to how to encourage your child to learn changemaking skills will become more apparent and a new generation of changemakers and entrepreneurs will, from an early age, know they can create the future we all need.

How do you think we could better support young changemakers?