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

Baltimore SunHarford still opposes crowdfunding sites for school donationsBaltimore SunRaising money through online crowdfunding sites is an ideal way for teachers to find the funds to purchase classroom materials and should be restored, the head of the Harford County teachers' u [...]

U.S. News & World ReportNo Cash for Hate, Say Mainstream Crowdfunding FirmsU.S. News & World ReportThe block on mainstream crowdfunding is just the latest blow to far-right activists operating online. In the last 24 hours, neo-Nazi website the Daily Stormer had its domain regi [...]

LITTLE GUIDANCE FROM IRS ON TAXING CROWDFUNDING CONTRIBUTIONSBloomberg BNAWhether it's a musician raising money to produce an album, an inventor with a great idea, or a family in distress that needs help, crowdfunding through platforms such as Indiegogo and Kickstarter has become [...]

Crowdfunding: Funding ideas the right wayReuters (press release) (registration)The term “crowdfunding”, or “crowdsourcing”, refers to an open call made to the world via the Internet to solicit funds from interested parties to finance a business or social project. The funds received ma [...]

Crain's Cleveland Business'Smaller' gifts can go long way for Clinic's crowdfunding platformCrain's Cleveland BusinessFor an institution accustomed to securing multimillion-dollar donations, Cleveland Clinic's latest fundraising effort has some relatively [...]

What do you think of crowdfunding campaigns?Japan TodayI think that if there is a responsibility and guarantee of sorts that the crowdfunding site will actually act with the users to go after companies which waste money or run off with it, then it would be a great thing for the future [...]

ForbesWhat Works In Equity Crowdfunding -- Insights From ResearchForbesAs we have recently celebrated the fourth anniversary of the signing of the JOBS Act into law, it is a good time to take stock of the effect that the legislature had on equity crowdfunding in the United States. It [...]

VentureBeatAmid Silicon Valley crackdown on alt-right, Gab social network ...VentureBeatAs high-tech firms have begun taking steps to weed out some of the most offensive right-wing hate groups, alternative social network Gab has seen a surge in ...Gab is becoming a haven for hate spee [...]

FortuneIndiegogo's Difficult Path to Offering Equity CrowdfundingFortuneIndiegogo founder Slava Rubin discusses how Indiegogo's equity crowdfunding service has been performing since its launch in 2016. Photograph by Indiegogo. E-mail; Tweet; Facebook; Linkedin. Share icons. [...]

The HinduKoodiyattam centre goes for crowdfundingThe HinduThe goal is to raise the sum through the crowdfunding platform BitGiving (https://www.bitgiving.com /nepathya) to train a new generation of artistes in what constitutes the only surviving form of ancient Sanskrit theatre in the [...]

CFB Finance

Marketwired

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

Press Release

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 |