Launching GOODBIDS | Seth’s Weblog

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Over the subsequent few days, I’m going to characteristic a brand new undertaking we launched as we speak. A small and mighty workforce has been engaged on this for a 12 months. I need to share the highlights together with among the essential design decisions we made alongside the best way

Annually, charities within the US elevate a few billion {dollars} a day from people. That cash goes to nice use–for the humanities, for healthcare, for training, for numerous tasks that profit our communities.

As a result of our society hasn’t in-built a passive manner for these organizations to get funded, they should actively fundraise. It’s exhausting and admittedly, a grind. Nobody significantly desires to take dangers or spend additional time being artistic, because it’s a required chore, not the purpose.

In creating GOODBIDS, we got down to create a brand new manner for worthy causes to lift cash, one thing that will be enjoyable, exceptional and generative.

The core of the thought is the Constructive Public sale. Whereas it appears a bit like an eBay public sale, there are literally some extraordinary and game-changing twists.

The secret is this: Each bid is a donation.

In the present day, we launched three auctions, with extra to come back all week:

The bidding begins at $10. It goes up in $10 increments and you’ll’t skip a step.

So, $10, $20, $30, and many others.

Every bid is definitely a non-refundable donation.

That signifies that when you bid $10 and somebody outbids you at $20, your donation nonetheless goes to the charity. You get an electronic mail affirmation of your donation and peace of thoughts. Another person goes to get the reward–except you select to bid once more.

The final donation will get the reward.

The magic of a Constructive Public sale is within the math. If the bidding for the session with Jason goes to $1500 (far lower than its worth), the nonprofit will stand up to $112,000 in donations.

We’re going to be launching a spread of extraordinary auctions this week, all with donated prizes. I hope you’ll test them out and make sure you tune in tomorrow when you’re a Useless fan.

And right here’s a sneak peek…