I suppose they could try an appeal to generosity instead? Depends if they've got a network of grateful people they helped 17 years ago who are now making six-figure salaries.
(Specifically, in a tech, like a SaaS, the free tier are sales leads and inflated "market share" numbers, and the premium tier are the real customers of the service value you're providing and is your whole reason for existing. In a charity, however, you don't measure out benefits based on how much that person is paying you. Though a charity will have special recognition for exceptional donations, like the donor's name listed on some page, or mentioned as a sponsor of an event.)
Given the dire runway situation they were in, I wonder whether they sent out a recent urgent appeal to their free-tier, as more like a charity, asking for donations? (And if so, was the obvious benefits tier model hurting any charitable goodwill they might've otherwise generated?) Or did they try to push their free-tier members an upsell to their premium tier, like a business? Or neither?
It's very hard to pivot. Fund raising costs money. Some one needs an idea, a plan, a strategy. Everyone needs to agree to it. Meanwhile, an org's (remaining) execs and board members are doing triage. To execute a new plan means even more work.
And so on.
I've met and worked with terrific fund raisers. For me, personally, fund raising is just the worst. I've done enough to know a) it's very hard and b) I suck at it.
https://www.bizjournals.com/nashville/news/2024/06/06/girls-...
> Nashville-based Girls in Tech Inc. may be forced to shut down by the end of summer. [...] needs to raise $100,000 or it faces imminent closure. [...] Girls in Tech has a membership of 130,000 "women and allies" across 50 cities and 38 countries.
Was the membership base already tapped out, or the org didn't reach out to the membership on this, or the org had larger near-term funding needs than the immediate $100K?
Also, is it possible that funding isn't the only consideration? For example, even if the org could be saved with heroics, there's opportunity cost to leadership (personal, professional)?