Founder of BOAS, a fast vintage fashion platform that donates 90% of profits to the most effective charities that save lives.
Our vision is to move as many of the world’s trillions in profits to effective organisations through Profit for Good businesses (where charities receive most profits instead of shareholders).
BOAS’ mission is save jeans and lives. Peter Singer is an investor in our business.
We’re fundraising, so if you can help, send me an email at vin at boas . co
We’re almost always looking for interns, so if you’re interested please reach out.
Thanks, Vin
Great post! Follow-up funding and founders is so important!
I want to challenge some thoughts or get your clarification on the numbers.
You write: “I don’t believe that it is a career path that can absorb a high number of people (my guess would be less than 5% of people are actually suited to founding a nonprofit). It is my opinion that other career paths, like for-profit founding or policy, suit a much larger percentage of people (maybe 20%)”.
I’d like to understand why you think four times more people can be succesfull for-profit founders than non-profit founders? My personal experience (might be totally off!) is that far less than 20% of people can be a succesful for-profit founder. I’d put potential for-profit founders at around 5%, and of those 20% are also going to be responsible for 80% of the success.
For moral compass founders in the for-profit space, I have found quite a lot, but my sample is probably dirty since those who approach me usually have a strong moral compass since I’m an impact founder myself (with Profit for Good model). I can understand why it might be very different for non-profits. I do have the feeling that founders with a moral compass might outperform those mostly in it for money reasons. Those who have a why to live for can bear almost any how, and with founding being as hard as it is, money alone is not going to be as effective at keeping founders going as long and as hard as is needed. A good why is.
You might want to talk to for-profit founders and VC’s and see if they think it’s 20% or if they also think it’s less.