Earlier quoted context omitted.
Thanks for the info. I didn't intend to imply that they (or other nonprofit startups) would face opposition by all established players. It's just that I found many "nonprofits" showing questionable behaviours: The people working in the field are often very interested in helping, (some but important) people in the administration became cynics or bigots and working for a nonprofit became less of a mission and more of a…
I'm sure this is true of a lot of charitable endeavors, but the health care charities are generally about getting medical teams on the ground and deploying desperately needed care. It makes sense to route contributions to reputable charities. In the medical space, you have not only PIH but also organizations like Médecins Sans Frontières/DWB-USA. One of the very cool things about what Watsi is doing is that they prov…
Meet Watsi, Y Combinator's First Nonprofit
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Re: Meet Watsi, Y Combinator's First Nonprofit
#62Not because of the non-profit nature of this startup but the endorsement YC has now given to non-traditional and perhaps massively big ideas.
Re: Meet Watsi, Y Combinator's First Nonprofit
#63So, the really cool part is this: "At Watsi, 100% of your donations directly fund medical treatments. Watsi.org is separately funded. They pay all their operational costs from their own funding, and none from your donations. They even eat the credit card processing fees." This works great with Watsi's crowdfunding-style model. It probably wouldn't help with things which need legs on the ground full-time, but it would…
"At Watsi, 100% of your donations directly fund medical treatments. Watsi.org is separately funded. They pay all their operational costs from their own funding, and none from your donations. They even eat the credit card processing fees."
It doesn't sound (as) cool me if the founders can only do this until they go broke. It looks like they do accept direct donations to fund their operating costs, but it seems to me that the demand (if that's the right word for the desire to donate) might not increase at the same rate as the demand to fund treatments (and therefore costs for credit card fees, hosting, staff) increases. Better to take a percentage and be transparent about what you use it for.
Re: Meet Watsi, Y Combinator's First Nonprofit
#64Re: Meet Watsi, Y Combinator's First Nonprofit
#65Earlier quoted context omitted.
Worth mentioning that patients in the US, and particularly children, are guaranteed medical care regardless of ability to pay. Medical care funding can bankrupt you in the US, but it cannot prevent you from having a broken femur fixed. States also run "CHIP" programs to provide health insurance coverage to children. The same is not true in Haiti or Malawi. Without the funds to pay for care, a child can live for years…
"guaranteed medical care" - of what quality, with what results? And the value of medical care being covered is that it doesn't destroy the rest of your life. It's actually kind of pointless to help someone just get to the point of surviving, and then leave them to fend for themself.
Re: Meet Watsi, Y Combinator's First Nonprofit
#66So, the really cool part is this: "At Watsi, 100% of your donations directly fund medical treatments. Watsi.org is separately funded. They pay all their operational costs from their own funding, and none from your donations. They even eat the credit card processing fees." This works great with Watsi's crowdfunding-style model. It probably wouldn't help with things which need legs on the ground full-time, but it would…
So, the really cool part is this: "At Watsi, 100% of your donations directly fund medical treatments. Watsi.org is separately funded. They pay all their operational costs from their own funding, and none from your donations. They even eat the credit card processing fees." It doesn't sound (as) cool me if the founders can only do this until they go broke. It looks like they do accept direct donations to fund their ope…
YC is working on addressing the problem of funding Watsi's overhead. The point of the service is that end-users don't fund Watsi, they fund patients. In the same sense as you need to take it sort of on faith that Airbnb can bootstrap and maintain a two-sided market for short-term lodging, you should probably take it on faith that Watsi's model is going to work; if you want to make Watsi work well, go fund a patient with it.
There is a real 13 year old girl on Watsi right now who is unable to walk because of a correctible congenital condition. Who cares about the Watsi founders? Go help the girl! :)
Re: Meet Watsi, Y Combinator's First Nonprofit
#67Re: Meet Watsi, Y Combinator's First Nonprofit
#68Re: Meet Watsi, Y Combinator's First Nonprofit
#69I'm personally not a fan of the concept of donating to help a specific person, rather than a cause, but am unsure whether I'm a rare exception or whether many people have the same view as me - hopefully a few replies could help answer this? When I say not a fan of the concept, I absolutely don't mean I disapprove. I don't have any problem with organisations raising money this way, nor with people choosing to donate m…
Oftentimes there is institutional support for specific "mainstream" conditions (e.g. HIV, TB, etc.) and as a result, some patients who are in unique situations (e.g. have a rare condition, need a slightly expensive treatment, need referral care, etc.) often fall through the cracks. Watsi provides an opportunity to those patients by enabling them to tap into the crowd.
While there are pros and cons to each approach, it's important to note that they are complementary. Charitable giving is not a zero sum game, and we're working hard to expand the pie, not take a piece of it.