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 [...]

ForbesThe Celebrity Who Loves Crowdfunding: La La Anthony Hosts New Series Featuring Female EntrepreneursForbesIt's been proven that funders clicking through projects on crowdfunding sites seem to prefer early-stage, female-led ventures, and one celebrity is looking to highlight [...]

Stuff.co.nzSchool tuck shops seek $1m in crowdfunding to expandStuff.co.nzEquity crowdfunding is not just for startups and a 15-year-old company best known for its school tuck shops is seeking $1m to expand its business and extend a free lunch scheme. The Libelle​ Group will use the m [...]

ThinkAdvisorNASAA Warns of Marijuana-Related Crowdfunding ScamsThinkAdvisorThe North American Securities Administrators Association warned investors Monday to be wary of marijuana-related crowdfunding ventures and other risky or potentially fraudulent schemes that could swindle them o [...]

Malaysia TatlerThese 5 Asian Startups Raised Serious Money Through CrowdfundingMalaysia TatlerThese 5 Asian Startups Raised Serious Money Through Crowdfunding. Leadership. October 17, 2018 | BY Kate Springer. Since Kickstarter's Asia launch in 2016, crowdfunding has become a usef [...]

Positive.NewsCrowdfunding flower power in WalesPositive.NewsResidents in north Wales decided to act to help a local patch of land flourish. They hope their successful crowdfunding campaign will help them continue restoring this “beautiful meadow”. Locals launched the Gweld y ddôl – Se [...]

Q13 FOXCrowdfunding a castle in FranceQ13 FOXEver dreamed of owning a fairy-tale castle in the French countryside? Now you can — and it'll set you back a mere $58. A crowdfunding project to restore the medieval French chateau of Ebaupinay, in the Deux-Sevres region of western Fra [...]

The Drinks BusinessBrewdog raises over £26 million from donors in 5th crowdfunding roundThe Drinks BusinessThe company secured £26.2 million from around 50,000 investors in its fifth crowdfunding campaign, bringing its total number of investors close to 94,000. The campaign — which th [...]

TechCrunchOn-demand pharmacy startup NowRx raises $7 million Series A round through crowdfundingTechCrunchNowRx, an on-demand pharmacy solution of sorts, just closed a $7 million Series A round via the SeedInvest crowdfunding platform. The company had previously raised a $3 million se [...]

ImpactAlphaVermont Innovation Commons acquires equity crowdfunding platform Milk MoneyImpactAlphaImpactAlpha, October 16 – A startup hub in Burlington, Vermont is acquiring Milk Money, a crowdfunding investment platform, to accelerate local entrepreneurs' access to capital. The t [...]

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 |