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Christopher Tufford

๐Ÿ‘ค Speaker
88 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
How He Raised $500k With No Product, No Revenue for NonProfit tool

And so his team fundraised through a lot of old school stuff, right, that a lot of the parents are organizing.

SaaS Interviews with CEOs, Startups, Founders
How He Raised $500k With No Product, No Revenue for NonProfit tool

They were doing use electronics and use clothing drives and fundraising barbecues and raffle ticket sales and T-shirt sales, all the old school stuff, right, that people do.

SaaS Interviews with CEOs, Startups, Founders
How He Raised $500k With No Product, No Revenue for NonProfit tool

And between that and the fundraising stuff that happens at a school, you realize that there was a better way if we could create a digital platform to help these organizations.

SaaS Interviews with CEOs, Startups, Founders
How He Raised $500k With No Product, No Revenue for NonProfit tool

I know these types of platforms exist for the individual.

SaaS Interviews with CEOs, Startups, Founders
How He Raised $500k With No Product, No Revenue for NonProfit tool

You know, there's spare change roundups by companies that help you invest in your retirement, like Acorns and Milo.

SaaS Interviews with CEOs, Startups, Founders
How He Raised $500k With No Product, No Revenue for NonProfit tool

And there's companies that help you to earn cash back rewards from your spending.

SaaS Interviews with CEOs, Startups, Founders
How He Raised $500k With No Product, No Revenue for NonProfit tool

like drop and amply and pay me but nobody's doing this kind of stuff on the organizational level where you know a whole group of dozens or hundreds or thousands of people can pool their spare change in cash back rewards and send it to an organization and i mean it sounds like you're having a lot of fun playing poker you've been involved with a lot of other things why dedicate your time to this like what are you doing now to pay the bills

SaaS Interviews with CEOs, Startups, Founders
How He Raised $500k With No Product, No Revenue for NonProfit tool

Um, well, my wife's got a good job at a hospital, so that helps.

SaaS Interviews with CEOs, Startups, Founders
How He Raised $500k With No Product, No Revenue for NonProfit tool

Um, cause I'm actually going, uh, I'm working, putting my time in for free right now to make sure, uh, other members of the team can get paid.

SaaS Interviews with CEOs, Startups, Founders
How He Raised $500k With No Product, No Revenue for NonProfit tool

We've raised some, uh, we did a family of friends and family.

SaaS Interviews with CEOs, Startups, Founders
How He Raised $500k With No Product, No Revenue for NonProfit tool

How much?

SaaS Interviews with CEOs, Startups, Founders
How He Raised $500k With No Product, No Revenue for NonProfit tool

We've raised a total of about half a million, but the majority of that actually came from a number of different government programs.

SaaS Interviews with CEOs, Startups, Founders
How He Raised $500k With No Product, No Revenue for NonProfit tool

I've made sure not to leave any free money on the table.

SaaS Interviews with CEOs, Startups, Founders
How He Raised $500k With No Product, No Revenue for NonProfit tool

About half of it almost.

SaaS Interviews with CEOs, Startups, Founders
How He Raised $500k With No Product, No Revenue for NonProfit tool

Yeah, well, some of it's debt.

SaaS Interviews with CEOs, Startups, Founders
How He Raised $500k With No Product, No Revenue for NonProfit tool

Okay, well, how did you raise debt?

SaaS Interviews with CEOs, Startups, Founders
How He Raised $500k With No Product, No Revenue for NonProfit tool

Well, one of the first institutions that put some money in was called Verge Capital, and they put money into organizations that have a social purpose.

SaaS Interviews with CEOs, Startups, Founders
How He Raised $500k With No Product, No Revenue for NonProfit tool

So because of the fact that we're helping organizations with fundraising, there's a real social purpose there to what we do.

SaaS Interviews with CEOs, Startups, Founders
How He Raised $500k With No Product, No Revenue for NonProfit tool

Well, because they can see where we're heading.

SaaS Interviews with CEOs, Startups, Founders
How He Raised $500k With No Product, No Revenue for NonProfit tool

I mean, we didn't even have a product when we put the first money in.