Marathon Series: GroupRaise making $1M/month and donating a percentage to charity

Devin Baptiste, GroupRaise, Marketplace, Non-Tech

Is it possible to have a business model that is not only profitable but donates a percentage of revenue to charity?

Devin Baptiste is a Co-Founder of GroupRaise which is a company that allows groups to book events in restaurants across the US.

GroupRaise helps companies find restaurants to hold events and allows the companies to donate a percentage of the profits to the charity of their choice.

Devin Baptiste

GroupRaise

Devin Baptiste is a Co-Founder of GroupRaise which is a company that allows groups to book events in restaurants across the US.

Andrew: Hey there, freedom fighters. My name is Andrew Warner. I’m the founder of Mixergy where I interview entrepreneurs about how they built their businesses. And I finally left San Francisco. I mean, I actually got on a plane, a couple of them and I flew to South America. I’m here in Santiago, Chile, where I’m interviewing entrepreneurs about how they built their businesses here outside of the San Francisco bubble where it’s not so easy to raise money where my kid and I are going to do a lemonade stand. He’s four years old. I talked a lot with him in a coffee shop and two venture capitalists asked if we would charge Bitcoin and wanted to invest. That doesn’t happen here.

Devin: Yeah, no, no, no, no, no Bitcoin run lemonade stands. That’s not the run down.

Andrew: It’s not easy to get money. How much did you raise for your business?

Devin: Just over $2 million.

Andrew: Okay. Yeah, that’s...

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