doGood provides an automated governance system for multi-party financed investments that gives investors greater control of the allocation of funds, and, in doing so, enables projects to raise more money from more people.
Voting on pivot / persevere decisions and releasing funds and projects make progress
Investors control the rationing of funds and can be refunded pledged funds that are not used
Smart contacts on the Ethereum blockchain are used to hold funds until investors release them
Funds released when tied to documented work / progress & refunded if project fails
By default, doGood provides democratic governance, but will build other mechanisms as needed
Help projects share structured information about progress
STO Governance$ 100 Billion
Construction Compliance$ 114 Billion
Emerging Market Government Spending Transparency$ 115 Billion
Use our wizard to setup the smart contract to hold the funds you’ve raised. It only takes a few minutes.
After you’ve told your investors what you plan to do with your first round of funding, and you’ve raised your money, convert it to stable coin and send it to your Stash address.
Conduct the activities you promised to your investors, test assumptions with experiments, set metrics, and ask your funders about pivot/persevere decisions based on your results.
As you exhaust your funds from each round, document a new set of activities to undertake with your next round, request a funding amount, and poll your investors to disburse the next round.
A: No. We do not provide the ICO or STO smart contract, and we are not the platform for the initial fundraising event. However, we partner with these companies, and would be happy to introduce you to our partners.
A: Yes, we will provide a limited amount of advice. We also encourage you to read the following books that will help you to figure out what parts of your business need to be constructed, tested, and measured:
Alex Osterwalder. Business Model Generation: A Handbook for Visionaries, Game Changers, and Challengers Eric Ries. The Lean Startup John Doerr. Measure What Matters Steve Blank. The Four Steps to the Epiphany If you need ongoing help we could either provide you with that help for a consulting fee, or depending on the scope of the project, refer you to a partner to provide that service. To inquire, email us here.
A: Yes! At its heart, our system is a method of metering out funds as milestones have been met. This is useful when funding new businesses and metering out funds as they make progress. In addition, it can be used for such things as construction projects, and government programs.
A: We offer the ability for teams to create a project page with a stash for $400 per year. For crowdfunded projects and ICO/STOs, doGood gives projects the ability to choose between one of two business models.
1. A small cut off the top: doGood takes between 1 and 2% of the money initially put into the Stash.
2. A larger cut of a refund: doGood takes 5% of the money refunded to the investors in the event that the investors request a refund.
For construction projects and government funded projects, doGood currently only offers the model in which doGood takes a small cut off of the top.
A: We are currently only using Ethereum. However, we are exploring other blockchains and we are likely to migrate at least a portion of our service to a different blockchain.
A: Yes. Our system recognizes the need for startups to be nimble and be able to adjust their activities based on what they’ve found out as they’ve conducted experiments to test assumptions. As you learn, you may pivot, which will require the plan to be adjusted and a new set of activities to be undertaken. However, when doing this, it is best to keep your investors informed of the knowledge you’ve gained and how you intend to adjust. Using the doGood system, you can even poll your investors to get feedback about pivot / persevere decisions.
Ralph's background includes corporate controllership, business development, strategic acquisitions, and global solution sales. His recent role as the Director of Innovation at HP resulted in the incubation of Wearables businesses, IoT solutions for law enforcement, education, and office markets, as well as high-end Location-Based VR entertainment. He has spent the majority of his career in corporate intrapreneurship across various markets - Rear Projection TV's, Lightscribe disc imaging, Life Science bioprinters and drug delivery solutions, photo publishing solutions, and Wearables. Ralph has an MBA from the University of Arizona, Stanford Executive Education, and has lectured for the Strategic Risk Management program at Stanford on Corporate Innovation Management.
Valerie is passionate about social impact and a force for good. She developed a YMCA program to empower youth girls 13-18 call the Y-Strong Girls. She develops curriculum around mind, body, spirit, community, service, and movement to help instill confidence in young women. In addition, she brings experience from her work is the Director of Sales, Marketing, and Business Development at Native Commerce and in managing subcontractors while working at NASA’s Jet Propulsion Laboratory. When she's not working to help our youth, you can find her at the beach swimming in the ocean, working out, or at business conferences learning the newest digital marketing strategies to help grow and scale businesses.
Nick has always used technology as a conduit to make a lasting impact and recognizes the need for deep technical expertise in facilitating meaningful change. To this end, Nick pursued a BS in EE at Texas A&M with a background in system engineering. He worked at Silicon Labs for several years where he wrote Arduino library code for an in house Arduino board to help artists, designers, and hobbyists use this open source prototyping platform to create interactive objects and environments. In addition, he developed a background in a variety of programming languages, including functional/imperative programming paradigms, web-programming, cryptography, and machine learning. Over the past year, Nick has focused on blockchain technology as a method of enabling people to enact change and make meaningful contributions.
Alex graduated from Santa Clara University cum laude in 3 years as a member of the D1 soccer team while majoring in Management of Information Systems. After graduating, he worked at Accenture as a systems analyst, working on projects at Cisco Systems and Kaiser Permanente. I then switched to tech sales at a start-up, OpenDNS, as a Business Development Representative (BDR). He moved up to BDR III faster than anyone ever had at the company, hitting 130% to 175% of quota every quarter. He moved to a higher-education start-up (Degree Analytics) as the Partnerships Manager where he was first in sales in setting meetings and deals closed. Most recently, he worked as the Sales Lead at LeadChat, a start-up selling live-chat services.
Snehal has deep experience with the software development and testing life cycles and agile development. As such, she is well versed with the testing methodologies including Functional Testing, Integration Testing, Smoke, Sanity, GUI, Configuration, System Testing, Ad-hoc Testing, Regression Testing, and Compatibility Testing of web applications. She has a Bachelors in Computer Science and Engineering from Amravati University, India.
Rez sees the current combination of cryptography and trustless blockchain networks as a societal game-changer. He has spent the last year writing fundraising smart contracts for ethereum blockchain. He has always been interested in foundational frameworks. He is a duly published author in the field of brain imaging where he spent years as a researcher developing new models to predict brain activation. He then worked as a data scientist developing machine learning models in a cybersecurity context. Originally, he studied computational physics, in which he holds a PhD from the University of Texas at Austin. In his free time he provides training and education in mindfulness to software developers.
Kalle Marsal has over 20 years of experience in general management, business development, finance, marketing, corporate strategy and acquisitions. Kalle is the Chief Operating Officer at Mitek (NASDAQ: MITK), responsible for sales, marketing, business operations, and strategy. He previously served as Vice President of Product Management for HP’s Inkjet Printing Business. Prior to that, Kalle held several different positions at HP, including management functions for both domestic and international operations and was instrumental in building a retail and cloud services business for consumer printing. Before joining HP, Kalle was a wireless technology focused general manager and venture capital executive. He started his career as a management consultant at Bain & Co. Kalle holds B.S. and M.S. degrees in Industrial Engineering, both from Stanford University, and has an MBA from Stanford University’s Graduate School of Business, where he was honored as an Arjay Miller Scholar.
Vivienne Lee brings deep expertise with over 19 years of experience working in both the nonprofit and philanthropic sectors. Having built a strong foundation in strategy development, program and initiative design and development, and organizational coaching, Vivienne is well versed in assessing challenges, identifying solutions, and providing implementation frameworks in which to execute with impact. Most recently, Vivienne led REDF’s expansion strategy, building partnerships, and creating pilot programs that serve as models as REDF scales a social enterprise ecosystem nation-wide. Prior to joining REDF as a Principle Consultant, Strategic Partnerships, Vivienne led Citibank’s community development efforts. She earned a Master’s Degree in City Planning from MIT and attended Occidental College. In addition, Vivienne serves on the Board of Directors of the Little Tokyo Service Center Community Development Corporation and the Skid Row Housing Trust.
Francis is a global thought leader and CEO with over two decades of strategic and operational leadership, extensive creative business and brand development, and corporate innovation credentials. Amongst other positions, Francis has served as a Vice President at X Prize Foundation, a Partner who led the innovation practice at Monitor Deloitte, and is currently the President & CEO at Predator Capital Partners. Francis regularly collaborates with prestigious organizations as an open innovation expert, including Facebook, the United Nations, and the European Commission, and delivers keynote presentations across the globe. He has also led innovation labs at MIT and USC. Francis recently facilitated White House discussions that target new innovation pathways in medical technology, and was a former Entrepreneur-in-Residence for the Food and Drug Administration.
Deborah has been working in banking for 21 years with an extensive experience in risk management, lending, and credit. Currently, she is working for the Federal Reserve Bank, San Francisco under the Large Bank Organization. Prior to that, she was the Chief Risk Officer for Royal Business Bank, a commercial bank. She also worked as the Head of Small- and Medium-Sized Enterprises for an international bank where she enjoyed reviewing and approving credit requests for commercial loan transactions. Prior to becoming a banker, she worked as a bank examiner for the FDIC evaluating banks’ loan/credit decisions. She earned two MBAs: one from Columbia University in NY and one from University Of California in Berkeley. She also completed the graduate banking school at University of Washington. She was also a board member of the Los Angeles chapter of the Risk Management Association (RMA).
What stands out about doGood is they've taken crowd sourcing and crowd funding to new levels. It goes well beyond what you might think when you initially hear those terms, but this isn't yet another "Go Fund Me" clone.
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