Crowdfunding Lesson From Habitat: Empower Your Volunteers

DevinThorpe

Now, as an author, a popular guest speaker and Forbes contributor, Devin is devoted full time to championing social good. His current life isn’t much like his past

Dave McMurtry is a player in Silicon Valley. I mean that in the very best sense. He is a graduate of the Stanford Graduate School of Business and has spent much of his career in the tech community, including more than half a decade at tech giant Intuit. He more recently served as the CEO of Loomia, a social media company.

In 2005, Dave wanted to take a break from his career to give back. As a pilot, his first choice was to volunteer some flight time to Doctors without Borders, but when he found out there weren’t any of those volunteer opportunities available at that time he decided his help was needed more elsewhere.

Drawing on this experience, and as a longtime volunteer at Habitat for Humanity Silicon Valley, he tried Habitat for Humanity International , offering to create a crowdfunding initiative for a specific project without any resources from the organization. Jonathan Reckford, the CEO, quickly accepted Dave’s offer to volunteer his time and fully fund the experiment. They agreed to run the project in Colombia, which Dave describes as one of his “favorites,” so Dave flew there to launch the experiment.

The project was to build and fund five homes at a total cost of $25,000. Dave quickly raised $200,000 so the project was dramatically expanded, ultimately putting 250 homeless people, displaced by the terrible violence in the region, back into housing.

The success of the program helped to change the relationship between Habitat for Humanity in Colombia and the government of Colombia, which has since become a major funding mechanism.

After this successful experiment in 2005, Dave went back to the corporate world as the CEO of Loomia.

Upon leaving Loomia, he volunteered for several months with Kiva, working in Liberia in support of their microfinance programs. Making the world a better place is what drives Dave.

In 2009, Habitat CEO Jonathan Reckford called Dave to ask him to come to join the cause full time to lead the effort to create an aspirational five-year strategic plan and also to “run with this crowdfunding idea.”

Over the past year, Habitat has raised more than $1 million on the Share.Habitat platform, powered by Fundly, proving the vitality of crowdfunding. Dave believes Habitat will raise a multiple of that number in 2013.

Over the last year that I have been writing for Forbes, I have also been researching my bookCrowdfunding for Social Good, Financing Your Mark on the World. I have been inspired by Habitat’s crowdfunding success.

Given Habitat’s success, I asked Dave to share some of his ideas for best practices.

Read the rest of Devin’s Story Here on Forbes….

[Source: Devin Thorpe, a Forbes Contributor]

http://www.forbes.com/sites/devinthorpe/2013/07/22/crowdfunding-lesson-from-habitat-empower-your-volunteers/

Tags: , , , , , , , ,

HEADLINE NEWS

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news [...]

GlobeNewswire (press release)RollerCoaster Tycoon Seeks Crowdfunding for Switch VersionIGNBy Alex Gilyadov Atari has launched a crowdfunding campaign to bring a new RollerCoaster Tycoon game to Nintendo Switch. The campaign is on the StartEngine platform, where Atari is seeking betwee [...]

Houston Business JournalHouston company launches energy crowdfunding platformHouston Business JournalThe new platform will let investors fund projects in relatively small increments that Minshew expects to average between $800 and $1,800, with the companies raising capital generally c [...]

The Straits TimesCrowdfunding sites have seen donors giving up to $100000The Straits TimesWhile most donors give amounts ranging from tens to hundreds of dollars, there are a few who have given single donations of up to $100,000 to charitable causes through crowdfunding sites. The lar [...]

NBCNews.comCrowdfunding helps former NFL player bring heat back to Baltimore ...NBCNews.comFormer NFL linebacker Aaron Maybin, 29, couldn't sit in silence earlier this month when Matthew A. Henson Elementary School in Baltimore, Maryland lost heat and electricity during the winte [...]

ForbesHow This Millennial Built A 7-Figure Business Using Equity CrowdfundingForbesWhen he asked them to help fund his company's crowdfunding campaign, they delivered—exceeding his initial goal fourfold and ranking it one of the fastest and most successfully funded companies on R [...]

The Straits TimesCrowdfunding sites have received $100k donations, Singapore ...The Straits TimesSINGAPORE - While most donors give between tens to hundreds of dollars, there are a few who have given single donations of up to $100000 to charitable causes through crowdfunding sites.. R [...]

VentureBeatNightmarchers seeks crowdfunding for a postapocalyptic trip to HawaiiVentureBeatThe action role-playing game Nightmarchers is adding a tropical twist to the end of the world. Developer Wyrmbyte crafted a postapocalyptic version of the Hawaiian island Oahu, incorporating loc [...]

The Sydney Morning HeraldEquity crowdfunding plugs the bank gap for Revvies Energy StripsThe Sydney Morning HeraldMr Nolan-Neylan says he expects the equity crowdfunding deal will cost between 7 per cent and 10 per cent of the amount being raised, or $25,000, and the deal was for up t [...]

NEWS.com.auVictims of John Warboys launch crowd-funding appeal for legal review of parole board decisionNEWS.com.auVictims of John Warboys launch crowd-funding appeal for legal review of parole board decision. VICTIMS of a “black cab rapist” who drugged and assaulted women rally again [...]

CFB Finance

Marketwired

  • Crowdfunding
  • Crowdfund
  • Peer to Peer Lending
  • FinTech
  • Reg A+
  • Reg CF
  • Crowdfunding USA

Press Release

CrowdFund Beat Media

2018 Fintech World Conference & Workshop, Announcement:Game Changer” Fintech World Media, PR & Marketing Group Proudly Presents: lnkd.in/gqdCrTr

Live Crowdfunding .tv

What's Next Step in Regulation A+ JOBS ACTS Title IIII :L Interview : Steve Cinelli with Brian Korn Securities and Crowdfunding/Peer-to-Peer Lending Lawyer, Watch more video library | Conference | Interview | Campaign Showcase | Research | Education |