SwipeGood (YC W11) Gives Its Start Fund Cash To Charity

Re:SwipeGood (YC W11) Gives Its Start Fund Cash To Charity by reynolds on Sunday February 27, 2011 @01:56PM (#2268533)

That makes sense. At least you guys are using it to get user referrals rather than throwing it in a wheel barrow and burning it :)

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Re:SwipeGood (YC W11) Gives Its Start Fund Cash To Charity by SteliE on Sunday February 27, 2011 @02:02PM (#2268551)

Every user can invite up to 100 people who each get $10 if they sign up (thats a max of $1000 for 100 users). Hope that clarifies it a bit :)

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Re:SwipeGood (YC W11) Gives Its Start Fund Cash To Charity by spencerfry on Sunday February 27, 2011 @01:59PM (#2268538)

Even PayPal with millions in funding only gave away $5/referral. $150,000 there brings you 30,000 users, but "SwipeGood is giving every user who enrolls on the service $1000 that they can give away to charity." That's 150 users or am I missing something?

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Re:SwipeGood (YC W11) Gives Its Start Fund Cash To Charity by reynolds on Sunday February 27, 2011 @02:04PM (#2268557)

It looks like $10/referral up to 100 referrals. If they make $20/user/mo this is a no brainer.

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Re:SwipeGood (YC W11) Gives Its Start Fund Cash To Charity by russell_h on Sunday February 27, 2011 @07:22PM (#2269438)

I think they only get 5% of that $20/user/month. That being said, here are two options for how to use $150,000:

1. Hire an engineer for a year

2. Sign up 15,000 users and generate $15,000/month in revenue. Hire an engineer permanently and net an extra $30,000/year in profit.

I know which I'd choose.

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