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☆ GoFundMe Says $30 Billion Has Been Raised on Its Crowdfunding and Nonprofit Giving Platforms
  + stars: | 2024-02-06 | by ( Associated Press | Feb. | At A.M. | ) www.usnews.com   time to read: +6 min
NEW YORK (AP) — GoFundMe crowdfunding campaigns have generated $30 billion since 2010, the fundraising platform announced Tuesday, as younger generations look beyond institutions to make their donations. GoFundMe, a privately held, for-profit company, has annually released the total amount raised on its crowdfunding platform since its founding, but hasn't published a breakdown of funds raised in an individual year. Part of that growth includes GoFundMe's acquisition of Classy in 2022, which is an online platform that facilitates giving to nonprofit organizations. It's not yet clear how much giving through a crowdfunding campaign has supplanted giving to nonprofit organizations, Soskis said, in part because data about crowdfunding is less public. Other platforms also facilitate online crowdfunding, besides GoFundMe.
Persons: GoFundMe, Tim Cadogan, GoFundMe's, Gen, Indiana University Lilly, “, we’ve, ” Cadogan, hasn't, Cadogan, “ That’s, Damar, ’ ”, Margaret Richardson, Hamlin, —, Benjamin Soskis, It's, Soskis, ” Soskis, it's, Meta, ” Organizations: Indiana University, Indiana University Lilly Family School of Philanthropy, Associated Press, Buffalo Bills, Corporate, Hamlin, M’s, Urban Institute, Nonprofit, IRS, Facebook, Associated, Lilly Endowment Inc, AP Locations: U.S, Uvalde , Texas, ecommerce, GoFundMe
☆ Thousands of workers were laid off this week as tech companies and startups brace for an economic crash. Investors, founders, and recruiters explain why this is just the beginning.
  + stars: | 2022-11-05 | by ( Rob Price | Samantha Stokes | ) www.businessinsider.com   time to read: +10 min
Amid growing economic uncertainty, layoffs in the technology industry, both for public companies and for startups, have been escalating this Fall. While plenty of tech companies were still flying high in early 2022, Russia's invasion of Ukraine in February accelerated global economic turmoil. More than 17,000 tech workers lost their jobs in both May and June, while July and August saw another 29,000 cuts, according to layoff tracker Layoffs.fyi. Davis, the VC at Interplay, explained that cost-cutting and layoffs are happening across the board, not just in the tech industry. But public tech companies as well as early- and growth-stage startups will face additional challenges, he said.
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