Riipen's massively successful crowdfunding campaign has one important lesson

Crowdfunding is enabling non-profits and social enterprises to start and grow faster

Why It Matters

The power of crowdfunding is hard to ignore. Crowdfunding campaigns have raised $34 billion globally, and are on pace to raise nearly 10 times that within the next decade. We explore how non-profit organizations and social enterprises are using crowdfunding platforms to advance their causes.

Photo: riipen.com

In our last article on crowdfunding, we looked at how crowdfunding works, crowdfunding examples, and whatโ€™s next for this fast-growing form of fundraising. In this article, we explore how non-profit organizations and social enterprises are using crowdfunding platforms to advance their causes.

 

Crowdfunding for capitalโ€”and champions

When Dana Stephenson graduated from university, he and his friend Dave Savory wanted to improve society by helping graduates get the real-life skills that they needed.ย 

Starting from a class project in 2013, they created Riipen (

Join a community of 2000+ impact-oriented professionals like you. Get full access to this story and all Future of Good content, including tickets to our digital events and networking, with a membership.