Rapid Response: How GoFundMe has facilitated $15 billion in giving, w/CEO Tim Cadogan
Masters of Scale
WaitWhat
4.6 • 4.4K Ratings
🗓️ 9 December 2021
⏱️ 41 minutes
🧾️ Download transcript
Summary
From the start of the pandemic, GoFundMe has served as a consistent global outlet for help. Since its inception, the for-profit crowdsourcing platform has facilitated $15 billion in giving through more than 200 million donations. It’s also attracted big names to the platform, including Taylor Swift, the Dalai Lama, and will.i.am. The key to the company’s success? According to CEO Tim Cadogan: "You need great people who are really ambitious in service of the mission.” Cadogan argues that the difference between GoFundMe and other businesses is that GoFundMe is about “people helping each other,” as opposed to commercial transactions. Asking for help, he says, unlocks more possibilities than people realize – a lesson for GoFundMe users, and for businesses overall.
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Transcript
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| 0:00.0 | Hey listeners, it's Alex Morris, a star writer here at Massive Scale. |
| 0:04.1 | Every week on Massive Scale, Rapid Response, you hear real insights from business leaders, |
| 0:09.5 | and many of you have said that these episodes help you make more informed decisions in fast |
| 0:13.9 | changing situations. |
| 0:15.7 | So we want to tell you about another fantastic business podcast that can help you stay |
| 0:20.4 | in the know. |
| 0:21.4 | It's called Business Daily from the BBC, and it's all about the daily drama of money and |
| 0:26.3 | work. |
| 0:27.3 | From the environment to the world economy, you'll hear all about the rapidly evolving |
| 0:31.4 | world of business on a global scale. |
| 0:34.1 | There are new episodes of Business Daily every day, Monday through Friday, and you can |
| 0:38.6 | listen wherever you get your BBC podcast. |
| 0:41.6 | Again, that's Business Daily from the BBC. |
| 0:46.8 | I learned that taking the time to project and stay calm and focus on, okay, what matters, |
| 0:53.6 | what can we do about it, and how can I help? |
| 0:57.2 | A great many of our campaigns have extraordinary emotional importance, both to the person who's |
| 1:04.0 | asking for help, and the person who's giving the help. |
| 1:07.9 | And that level of emotional demand on everyone involved is very, very unusual. |
| 1:16.6 | The reality is that life is not always easy. |
| 1:20.3 | Hard things happen to us as humans. |
| 1:24.0 | It was an incredible education and how important GoFundMe is to people. |
| 1:28.3 | People need the system, and we've got to be our best for them. |
... |
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