lystn

Today we're talking to a compassionate (former) banker. A guy who shifted to the nonprofit world from Goldman Sachs after fundraising for a cause close to his heart. Someone who can see how much the for-profit world needs to learn from nonprofits... instead of the other way around: Mitch Stein. In both his capacity as both a nonprofit leader and the founder of a tech startup, Justin Wheeler, Funraise CEO and Co-founder, cheers this viewpoint and explains that it's a major reason that Funraise put so many resources into building a free product in 2020. Nonprofit growth goes hand-in-hand with impact growth, but it's often overlooked—most nonprofit vendors, funders, and yes, donors(!) default to that stubborn idea that nonprofit overhead is impact's ol' ball and chain, holding nonprofits back from great change. Listen as Mitch puts a financial valuation spin on nonprofit investment, looks at nonprofits through the lens of expected future impact instead of the stigma of overhead, turns donors into equity stake investors clamoring for impact rather than profits, and paints a picture of a future where nonprofits are publicly traded based on their impact potential.