StayClassy

San Diego
Website
Founded: 2005
Employees: 12
Revenue 2010: $250,000
Revenue 2011 (projected): $1.5 million to $2 million
Pat Walsh, left, and Scot Chisholm

In 2005, Scot Chisholm wanted to raise money for cancer research after his mother was diagnosed with the disease. So he and his business partner, Pat Walsh, started a charity pub crawl that raised about $1,000. Friends and colleagues began asking them to organize more charity events, and the pair started consulting with small nonprofits but were dissatisfied with the software they were using. The pair launched StayClassy to make online software that helps nonprofits with less than $5 million in revenue raise money and organize supporters. More than 2,000 nonprofits have raised a total of $5 million on the site, including a group called Invisible Children that raised $1.7 million in two months. The company takes a cut of 4 percent plus 99¢ per donation, which includes the cost of credit-card processing. Now seeking a first round of venture capital funding after raising $1.3 million from angel investors, Chisholm says he expects major growth in 2011 and 2012. "We took our time to figure out the customer and did it slower than many other companies might. Now it’s starting to get some visibility." —JS
 
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