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SERIES C
SEED
"Change Heroes is the biggest opportunity in fundraising I have seen in years. Change Heroes is not simply shifting donors from one channel to another like current enterprise models. It is opening up a new channel of revenue along with viral high-quality donor acquisition. This is far different, and well beyond, crowdfunding. This is a new category of fundraising all together."
Vinay BhagatFounder and CEO of Convio.
Convio (fundraising software) was acquired
by Blackbaud in 2012 for $325M
Change Heroes has created a new way of fundraising that allows nonpro�ts to raise 1000% more money from millennials, increase their average donation by 500%, and acquire more high-quality donors than ever before
IMPACT
It’s what the Ice Bucket Challenge did for ALS, scaled to 1.5M organizations.
1 START MOBILIZE WIN2 3
PRODUCT
We are the only platform on earth to scale the one thing that matters most in fundraising, face to face asks
Here’s how it works:
Nonpro�ts inspire their existing donors to launch campaigns through our white label product
Campaign runners use personal videos to ask their immediate friends to join their campaign (proprietary software)
Projects are funded, kids get new schools, villages get clean water, girls and women are empowered
Here’s an example of how a millennial named Eltonused Change Heroes to fund 2 schools for 2,000 kids in his home country of India
1 START MOBILIZE WIN2 3
PRODUCT
Elton made a list of his friends and made each of them a 15 second long video inviting them to build a school with him
66 people gave, raising $20,000 in 48 hours, funding 2 new schoolhouses in India
Elton and his friends received pictures of the project inspiring them to become ongoing supporters
Each victory inspires many more campaigns,expanding it’s impact
VICTORIES
*Over 100 schoolhouses were funded with over $1,000,000 raised during our pilot campaign
$62,000 raised 250 high quality donors $254 average donation 6,200 children impacted
Rajsamand district India
68Donors
Jeremy and 33 friends fund a schoolhouse in Kenya
Massai Mara regionKenya
32Donors
DomeabraGhana
29Donors
Joel and friends fund schools in Kenya and Ecuador
Massai Mara, KenyaNapo Province, Ecuador
72Donors
VICTORY - $24,000 raised
Sisters fund schoolhouse in Ghana
Elton funds 2 schoolhouses for 2,000 children
VICTORY - $10,000 raised
VICTORY - $20,000 raised
VICTORY - $8,000 raised
Campaigns fund a wide range of projects, impacting people around the globe
VICTORIES
VICTORY
Ruby and Flynn
4 and 9-year-olds raise $11,000 to build schoolhouse in Ecuador
Je�rey Wright raises $17,000 for emergency medical kits in Sierra Leone
University student funds library in Vietnam
Jordan raises $3200 to volunteer in India
3 friends raise $15,000 in 3 days for survivors of sex tra�cking
First Spanish campaign launches in Chile, raises $25,000 in 7 days
Client: Client: Client:
Client: Client: Client:
VICTORY
Ruby and Flynn
VICTORY
VICTORYVICTORY
Ruby and Flynn
VICTORY
Ruby and Flynn
EBOLA SURVIVAL FUND
175 projects have been fully funded in 13 countries by donors in 40+ countries that will impact 175,000+ people
VICTORIES
MEDIA
Change Heroes has been featured at the world’s largest social good events, presented live to 100,000+ people, and featured in online and o�ine media around the globe
South America’s largest social good event
20,000+ people
We Days across the country
60,000+ people
Harvard’s largest annual conference
United Nations in NY
Hundreds of delegates from 50+ countries
LECTURES:
MEDIA:
EVENTS:
Thousands of viewers in attendance and streaming around the world
HARVARD
CORPORATE CAMPAIGNS
Because of this brand recognition and millennial expertise, Change Heroes is increasingly used as a millennial employee engagement tool by fortune 5000 companies
1 2 3Employees launch campaigns individually or as teams, using our personal video platform
Results are tracked and shared in real-time for 30 days, promoting friendly competition and camaraderie
They celebrate their collaborative achievement and the corporation uses results as cause marketing
A FEW OF OUR CURRENT CLIENTS
HOW IT WORKS
1 2 3
VIRAL LOOP
Our community of fundraisers and donors creates a virtuous cycle of growth
A nonpro�t’s untapped donors start campaigns
(latent value)
Their friends give to campaigns
(becoming high quality donors)
Donors start their own campaigns
More money is raised and more donors are
acquired
COMPETITIVE ADVANTAGE
We do not compete with or replace enterprise platforms (they compete against one another for CRM and static donation forms). And Crowdfunding sites are built for one-o� campaigns that are not scalable.THIS PUTS US IN A CATEGORY OF OUR OWN: THE ONLY PLATFORM TO TAP INTO LATENT DONOR GROUPS AND ALLOW NONPROFITS TO TAP INTO THE MILLENNIAL MARKET THAT HAS THUS FAR ELUDED THEM.
BUILT FOR ENTERPRISE
BUILT FOR INDIVIDUALS
HIGH ENGAGEMENT LOW ENGAGEMENT
PROPRIETARY IP� Personal video recording software � Real-time video view tracking � Campaign runner CRM � Intelligent email follow-up system
OUR RESULTS� $254 average donations - 500% higher � $5000 average raise - 1000% higher � 90% of donors give full amount requested ($299.70)
MORE UNIQUE OFFERINGS� Highest quality donor acquisition � Unparalleled viral loop� Team and leader boards � High conversion animated videos
REVENUE
Because we are tapping into existing (untapped) distribution channels and facilitate nonpro�ts becoming sustainable based on small gifts, we have large opportunities for revenue
Our revenue comes from 3 diverse sources:
$10,000+ upfront charge, 5-10% of donations, SaaS revenue
$10,000+ upfront charge, 5-10% of donations, SaaS revenue
For non-pro�ts and companies
1
2
3
NONPROFITS
COMPANIES
CUSTOMIZATION FEES
$300B Total donations in US*
Total fundraising expenses
Expense of fundraising from individual donors
More than 30% of donations spent on fundraising*
Removes costs of fundraising from corporations and foundations as well as from churches and universities*
TOTAL ADDRESSABLE MARKET
$90B
$30B
UNITED STATES
Nonpro�ts raise $300 billion each year in the US —and their biggest expense is fundraising
REVENUE NONPROFITS
*GivingUSA, 2013
Total addressable market
It takes nonprofits 36 months* to recoup their acquisition cost of
new direct mail donors, and re-engagement is expensive.
The largest fundraising expense is direct mail, which is decreasingly e�ective. The most a�ordable and fastest growing channel is online
DIRECT MAIL
36 MONTHS
REVENUE NONPROFITS
DONOR ACQUISITION ROI
UNTIL ROI POSITIVE
Online acquisition is more targeted, scalable & a ordable than direct
mail, and it takes an avg. of 12-18 months** to recoup investment.
ONLINE
12 MONTHSUNTIL ROI POSITIVE
*Revolution in the Mailbox, Mal Warwick / **Target Analytics and Quarterly Client Roundtables
1 2 3John gives to his friend Michelle’s campaign to fund a water project in Nepal
The implementing nonpro�t gives John and Michelle feedback on their water project
John feels both emotionally and �nancially attached the organization and becomes an ongoing supporter
3
GIVES TO A FRIEND’S CAMPAIGN
RECEIVES FEEDBACK ON THE PROJECT THEY FUNDED
SUPPORTS ORGANIZATION
WHAT MAKES CHANGE HEROES DONORS HIGHER QUALITY
Donors are better educated and connected to the cause due to the personal intro
Higher average donation of $254 vs $60
More personal data coming from Facebook (age, geo location, demographics, and interests)
3% of donors also launch their campaigns which is an average of $5000+.
Our video based peer to peer product helps nonpro�ts acquire high quality donors at scale
REVENUE NONPROFITS
We generate $10,000 in upfront revenue per nonpro�t client, 10% per transaction, and generated $150,000+ from our �rst nonpro�t
REVENUE NONPROFITS
SAMPLE CLIENTS
*Currently we have over 150 of the world’s top nonprofits in our pipeline and are being onboarded as we peak.
REVENUE
The old United Way model of taking money o� an employee’s paycheck does not appeal to millennials
CORPORATE
Change Heroes enables companies to attract and engage employees while positioning the company as a leader in philanthropy.
A SAMPLE OF THE COMPANIES USING OUR EMPLOYEE ENGAGEMENT PRODUCT IN 2015
43,000 employees10,000 employees40,000 employees 60,000 employees
World’s largest accounting firm
Steakhouse and bar restaurants Leading investment bank Canada’s 2nd largest telecom company
REVENUE
Companies spent $1.3B on cause marketing in the US in 2012 and are increasingly allocating marketing dollars to position themselves as socially conscious businesses
CORPORATE
Nonprofits want us to partner with their corporate partners because we leverage their (untapped) employees, catalyze more donations, and acquire new donors. This is “found money” for the nonprofit as we are not replacing the annual contribution a company makes.
A SAMPLE OF COMPANIES IN OUR PIPELINE
$25m
$50m
$75m
$100m
$125m
$150m
2015 2016 2017 2018 2019 2020
REVENUE
By scaling our sales team, growing our user base, and diversifying revenue, we’ll generate $100M+ by 2020
CHARITYCAMPAIGNS
CORPORATE CAMPAIGNS
CUSTOMDEVELOPMENT
Taylor ConroyFounder & CEO
Mike TanCo-founder & COO
Ryan CampbellCTO
We are led and advised by a team of thoughts leaders and experts that have done it before.
TEAM
Vinay BhagatFounder of Convio
Jim FletcherStrategic Advisor at OMERS Ventures
Deborah BentonPartner at Breakwater Private EquityFormer President and COO of NastyGal.com
Joel SolomonPresident of Renewal Ventures
Matthew BrimerFounder of General Assembly
Kenny HawkFounder and Growth CEO
Praveen VarshneyPartner at Varshney Capital
Social entrepreneur and thoughts leader in millennial giving.Lecturer: Harvard, Princeton, Cornell, NYU, UN.
Founded SaaS company with 100,000 paying clients.
FedEx, Starbucks, Blackberry.
Acquired by Blackbaud for $325M.
Ed-tech company valued at $225M
Canada’s largest venture fundGrew NastyGal.com to $400M valuation
Canada’s largest social venture fund
3 IPOs
Angel investor
COMPANY
We’re building a new kind of company — one that aligns pro�ts & returns with social impact
PROFIT IMPACTCompanies and investors maximize profit, but have limited social impact
Nonprofits and donors maximize impact, but have
limited scale & no return
Change Heroes aligns profits & impact to scalably address some of the major challenges of our time while providing a market rate return to our investors
BRIDGE
We raised a Seed round of $1mm from mission-aligned investors to accelerate our path toward this vision, and recently approved a $750,000 bridge round to accomplish the following
USE OF FUNDS IN 2015
Self-ServePlatform
CorporateCampaigns
Scaling sales
Global expansion
Opening up our platform to 1.5M nonpro�ts
Launching engagement campaigns with the world’s top brands and companies
We have 100+ nonpro�ts in our pipeline, we will hire 3 more reps to execute on this list
Expanding to Europe, Latin America, India, and China. We are the most successful fundraising platform on earth and can dramatically improve the lives of 1 billion people globally
Our vision is to impact 1 billion people by building the world’s largest community of people who take action through giving