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.
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.