2/ Fundraising doesn’t scale well. The bigger nonprofits get, the more money / time they spend fundraising, and the less they spend on programs that help people.
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Is Watsi moving away from donations?
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Our crowdfunding platform is now financially sustainable (i.e. we don’t need to go raise new money to scale) and we’re capping growth. Our new efforts are focused on scaling Meso to help achieve UHC, and that has a revenue model: https://meso.health
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Nonprofits deal with externalities that businesses have the luxury of ignoring, or causing. If government doesn’t regulate the externalities, then nonprofits are left to perpetually fundraise to deal with the aftermath
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What about the few nonprofits that have the means to attract wealthy donors with relatively small budgets, e.g., Gates Foundation?
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@threadhuntco upvote -
Thanks for sharing
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