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Re:SwipeGood (YC W11) Gives Its Start Fund Cash To Charity by exit on Sunday February 27, 2011 @01:48PM (#2268504)
how does swipegood generate returns for investors?
Re:SwipeGood (YC W11) Gives Its Start Fund Cash To Charity by SteliE on Sunday February 27, 2011 @01:54PM (#2268525)
Every user on SwipeGood is generating $20/mth/user in donation revenue for the charities. Users stay enrolled with SwipeGood for a very long time and we take a 5% cut out of every transaction that is happening on our system! You see, it's a very simple business model :)
Re:SwipeGood (YC W11) Gives Its Start Fund Cash To Charity by alphamerik on Sunday February 27, 2011 @03:38PM (#2268869)
So at an average of $1 per user/month, and a charity giveaway designed to generate at least 15,000 users, the $150k should be recovered in less than year. Good stuff :)