3 ms·

Why do nonprofits get less money?

• sama 12y ago
  we tried asking some foundations if they would do a similar deal, and disappointingly they wouldn't. we will keep trying, but we wanted to get something in place for this batch. 100k is not that different 120k. i think it's pretty awesome that one of our startups is stepping up and being creative when traditional supporters of non-profits were reluctant to try a new approach.
  • morgante 12y ago
    Have you tried reaching out to other companies (or even VCs) to see if they'd do something similar? Not that $20k is a huge difference, but it seems like the dividends from funding a YC non-profit for nearly any player in the tech scene far exceed $20k.
  • sara125 12y ago
    What would be the benefit to foundations of doing a similar deal? Seems that they mostly have passed on YC-funded nonprofits including Immunity Project and Zidisha; and for good reasons. It seems that YC is a little behind when it comes to nonprofits - funding things that were very popular years ago like crowdfunding (Kiva comes to mind). These things are still exciting but they aren't at the edge of nonprofit innovation today. Organizations like Sanergy or GiveDirectly are really disrupting the nonprofit industry. Would love to see YC make a bet like one of those.