Renee Zhao, CEO of DonationMatch, shares the cumulative dollar volume of in-kind donations facilitated through her two-sided donation platform.
0:00 / 0:08exact quote · 8.3s
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“We basically matched sixteen million dollars worth of goods, which is products, gift certificates, admission tickets, things like that.”
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“It takes about 300 hours to secure all those in-kind donations you need for those auctions, raffles, and event giveaways.”
Renee ZhaoNov 9, 2016▶ 2:12EP 473: Raising $500k To Help Charity Event Organizers, $16M Donated with DonationMatch CEO Renee Zau
Disclosure
Zau: Founders took on $100K in credit card debt to bootstrap DonationMatch
“Oh, about a hundred K.”
Renee ZhaoNov 9, 2016▶ 6:53EP 473: Raising $500k To Help Charity Event Organizers, $16M Donated with DonationMatch CEO Renee Zau
AssertionNot checkable as stated
Zau: DonationMatch Generates $8 Revenue Per Event on $1 CAC
“Our revenue per event is eight dollars per event. Our customer acquisition cost is a dollar per”
Renee ZhaoNov 9, 2016▶ 10:54EP 473: Raising $500k To Help Charity Event Organizers, $16M Donated with DonationMatch CEO Renee Zau
AssertionNot checkable as stated
Zau: DonationMatch Acquired 13,000 Nonprofit Users on Under $15,000 Spend
“The fact that we have 13,000 customers with less than on the nonprofit side with less than 15,000 dollars marketing spend on 30.”
Renee ZhaoNov 9, 2016▶ 11:35EP 473: Raising $500k To Help Charity Event Organizers, $16M Donated with DonationMatch CEO Renee Zau
AssertionNot checkable as stated
Zau: DonationMatch Sees Very Little Churn Unless Companies Close
“Really, we have very little churn. Once they get started and realize how easy we make it, they really don't leave unless they close.”
Renee ZhaoNov 9, 2016▶ 5:00EP 473: Raising $500k To Help Charity Event Organizers, $16M Donated with DonationMatch CEO Renee Zau
AssertionNot checkable as stated
Zau: Most Active Companies on DonationMatch Are Free Users
“Well, so not all of those are actually paid customers. I would say the majority of them still use us for free.”
Renee ZhaoNov 9, 2016▶ 5:17EP 473: Raising $500k To Help Charity Event Organizers, $16M Donated with DonationMatch CEO Renee Zau
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