Assertion Supported
A major humanitarian group raised $500M but built only six houses
“It was one of the largest humanitarian organizations, like a bunch of big headlines came out that they raised basically like half a billion dollars and within like six years had only built, and this is not an exaggeration, I think like six houses. That's like …”
Opinion
Nonprofits should operate with the same principles as tech startups
“Like we believe there should be no difference in how a nonprofit operates.”
Prediction Open · timeframe Apr 2021
3D home printing can reduce construction costs from $6,500 to $3,000
“So right now our homes on average are about 6500 dollars per home. We believe with three D home printing, we can get that down to about 3000 dollars over time, not in the beginning, but over time,”
Disclosure
New Story uses 100% of public donations directly for home construction
“100% of what you give will go towards building the house. Well, it's not going to cover any of our overhead, and we do that by having a couple private donors that fund all of our overhead, like private investors, basically.”
Disclosure
New Story plans to open-source its 3D home printing technology
“We want to prove that in our communities and then not keep that for new story. Right? Like, not like, oh, this is RIP, like, sorry guys, like, we've got this three D printer. But then open source or democratize that with all the other nonprofits and government…”
Assertion Not publicly verifiable
A 3D-printed house tested three times stronger than cinder block homes
“When we tested the PSI levels, it actually came in three times stronger than our normal cinder block homes.”
Prediction Partly held up
3D printing will cut home construction from 15 days to 24 hours
“So right now take about 15 days to build a house. This would be under 24 hours and then under 12 hours is the goal.”
Assertion Supported
New Story raised $100,000 in two months to build six Haitian homes
“We got, like, a 100,000 dollars within, like a couple months. And that allowed us to use a local partner that we had already known in Haiti that had a long had a lot of experience there. Build our first six houses.”
Disclosure
New Story's next goal is 3D printing a community in El Salvador
“Doing it in Austin is one thing. Do printing a community of homes in El Salvador is the next goal. And so we have to prove it ourselves”
Assertion Not checkable as stated
New Story's 3D-printed home launch reached six million views
“I mean, we had, it had been like, I think like six million views now over 500 media outlets have written on it.”
Assertion Not checkable as stated
New Story raised $1.3M within a week of its 3D-home launch
“Within the last week, we now have about, like, 1.3 million in donations.”
Assertion Supported
New Story Charity was one of Y Combinator's first non-profits
“So, we're a non-profit. One of the first ones to go through Y Combinator, and we build houses and communities throughout the developing world.”
Assertion Supported
Families lived in 90-day temporary tents eight years after Haiti's earthquake
“And everybody was given temporary aid, right?
Which is necessary at the time,
But it was only supposed to last for, like, maybe 90 days.
and as of today, it's been almost, I mean, over eight years.
And people are still living in tents.”
Disclosure
New Story's first hire after Y Combinator was an impact data manager
“So actually our first hire after YC, which we had a lot of funding growth was, okay, impact, right? And so we didn't go out and hire more marketing. We didn't go out and hire more. We actually hired impact data manager that Ally can talk about.”
