Lee Wright Adam Duston MassChallenge July 16, 2010
Jobs : $6B Date/mate : $1B Travel : $90B Real estate : $B   Products : $90B Grants : $540B $500B: 26 Federal agencies $40B...
Founders <ul><li>Lee Wright  (ceo) </li></ul><ul><ul><li>Citibank, Texas Instruments, Nokia </li></ul></ul><ul><ul><li>Fou...
Advisors <ul><li>Pat   Spain —Founder, CEO, and chairman of Newser.  Formerly co-founder, chairman, and CEO of Hoovers (ac...
The ecosystem today Institutions seeking funding Institutions providing funding Pain 110,099  grant making foundations dis...
grantcloud Institutions seeking funding Enter project description Analyze and recommend funders Institution selects grants...
grantcloud: Launch Institutions seeking funding Compile profiles, historical funding info.  Upload existing application An...
Why grantcloud makes sense for MassChallenge <ul><li>Paths aligned </li></ul><ul><ul><li>Started in mid-April </li></ul></...
One early reaction to the concept “ If you could do this and get people to participate, I think it could be really valuabl...
Questions? <ul><li>Lee Wright  </li></ul><ul><li>[email_address] </li></ul><ul><li>Adam Duston  </li></ul><ul><li>[email_a...
Appendix: Founders <ul><li>Lee Wright, CEO </li></ul><ul><li>Co-founded The Synapse Group in 1994 (clients included Hilton...
Appendix: Advisors <ul><li>Pat Spain —Founder, CEO, and chairman of Newser.  Formerly co-founder, chairman, and CEO of Hoo...
Appendix: Growth of charities and foundations Source: The National  Center  for Charitable Statistic s ( http://nccsdatawe...
 
 
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grantcloud presentation for MassChallenge 2010

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This short presentation was given on July 16, 2010 by Lee Wright and Adam Duston as part of MassChallenge 2010 judging.

grantcloud was envisioned as a web-based tool that would bring together current information from thousands of sources, along with historical data and community insight to help organizations identify, track, manage, and secure grants that provide new sources of funding for their initiatives.

This project did not advance in MassChallenge and we chose not to pursue it.

Lee's current projects include The History List (www.TheHistoryList.com), a platform for publicizing history-related sites and organizations across the country, and eventicize (www.eventicize.com), a tool for leveraging your social network to raise awareness of your events.

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  • Observation: These companies didn’t put the paper process online with a more efficient tool, they ended up creating or enabling very different processes and behaviors that were far more efficient.
  • grantcloud presentation for MassChallenge 2010

    1. 1. Lee Wright Adam Duston MassChallenge July 16, 2010
    2. 2. Jobs : $6B Date/mate : $1B Travel : $90B Real estate : $B Products : $90B Grants : $540B $500B: 26 Federal agencies $40B: 110,000 foundations, corporate donors, public charities 500,000 registered non-profits seeking funding
    3. 3. Founders <ul><li>Lee Wright (ceo) </li></ul><ul><ul><li>Citibank, Texas Instruments, Nokia </li></ul></ul><ul><ul><li>Founded Internet startups (1994, 1997) </li></ul></ul><ul><ul><li>Co-founded mobile app developer community, tools provider (2000) </li></ul></ul><ul><ul><li>VP of Marketing, CoreStreet (2004) </li></ul></ul><ul><ul><li>Consultant to founders (MatchLogic, BlueDasher, others) </li></ul></ul><ul><ul><li>Advisor to Viafo (Seattle), Zingzam (London), Career Numbers (Boston) </li></ul></ul><ul><ul><li>Current/past board member (library system, arts, social services, humanities) </li></ul></ul><ul><li>Adam Duston (cto) </li></ul><ul><ul><li>Founded Langolab, a TechStars 2009 company </li></ul></ul><ul><ul><li>Managed local and offshore to design and build several large-scale software products used by millions today </li></ul></ul><ul><ul><li>Studied Mathematics and Computer Science at the University of Chicago. </li></ul></ul>
    4. 4. Advisors <ul><li>Pat Spain —Founder, CEO, and chairman of Newser. Formerly co-founder, chairman, and CEO of Hoovers (acquired by D&B); chairman, and CEO of HighBeam Research (acquired by Cengage Learning). On the board of directors of GuideStar, the leading provider of information on more than 1.5 million charities in the US. </li></ul><ul><li>Kathleen Lee —Project Coordinator for grants for the Natural Resources Group of the New York City Department of Parks and Recreation. Previously a freelance grant writer for the National Urban League, the Children's Museum of the Arts, Pfizer, others. </li></ul><ul><li>Ali Williams —President of the Postdoctoral Association and a research fellow in the Molecular and Integrative Physiological Sciences Department at the Harvard School of Public Health. </li></ul>
    5. 5. The ecosystem today Institutions seeking funding Institutions providing funding Pain 110,099 grant making foundations distributing $40B/year 26 Federal agencies distributing $500B/year Foundation Directory 100,000 foundations Based on IRS 990PF $1,295/yr. 600+ private foundations 400+ corp. grants 650+ grant making public charities 483,779 public charities with $25,000 or more in gross receipts grants.gov 26 Federal agencies Consultants, other resources Very time-consuming to research, write Challenging to keep up with changes at foundations Sometimes very difficult to get in the door without knowing someone Grantwriters and consultant can be expensive Private firms (SBIR/STTRs) For foundations Time-consuming to sort, review Verticals (Ex: AAAS COS)
    6. 6. grantcloud Institutions seeking funding Enter project description Analyze and recommend funders Institution selects grants to apply for Institution fills in master application online Institutions providing funding Create master application from selected funders Create and submit individual applications grantcloud Benefits More opportunities Much greater efficiency Database learning Strengthen relationship Broad outreach More electronic submissions Database compiled Microgiving
    7. 7. grantcloud: Launch Institutions seeking funding Compile profiles, historical funding info. Upload existing application Analyze and recommend additional funders Institution rates recommendations Can add additional information and upload past grants Opt in for alerts Watching for opportunities and alerting institution Indicating interest in specific grants to track Institutions providing funding Benefits New sources Alerts to new opportunities Build database Permission to contact in future
    8. 8. Why grantcloud makes sense for MassChallenge <ul><li>Paths aligned </li></ul><ul><ul><li>Started in mid-April </li></ul></ul><ul><ul><li>Identified industry </li></ul></ul><ul><ul><li>Conducted research </li></ul></ul><ul><ul><li>Conceived product/solution </li></ul></ul><ul><ul><li>Next </li></ul></ul><ul><ul><ul><li>Developing a prototype and getting feedback </li></ul></ul></ul><ul><ul><ul><li>Building out a business model, plan </li></ul></ul></ul><ul><li>High-leverage idea in a “space” that no one else is addressing </li></ul><ul><li>Great example of a business to be built in Massachusetts </li></ul><ul><ul><li>Creative tech solution that creates greater efficiency and transparency as it brings together those seeking funds and those who want to put their money to work in the community </li></ul></ul>
    9. 9. One early reaction to the concept “ If you could do this and get people to participate, I think it could be really valuable.” “ I really like these ideas - very concrete, and if you get a critical mass of participants, very useful.” Responsible for grants at a Chicago Museum
    10. 10. Questions? <ul><li>Lee Wright </li></ul><ul><li>[email_address] </li></ul><ul><li>Adam Duston </li></ul><ul><li>[email_address] </li></ul>
    11. 11. Appendix: Founders <ul><li>Lee Wright, CEO </li></ul><ul><li>Co-founded The Synapse Group in 1994 (clients included Hilton Hotel Corp.); founded the web usability consultancy People | Design | Technology in 1997 (Hoovers, GameStop, and Nokia Americas and Nokia Inc.); co-founded AnywhereYouGo, an independent mobile application developer community in 2000 (acquired by HP (US) and Argo Group (Europe)); VP of Marketing for CoreStreet (acquired by ActivIdentity). Advisor to Viafo, a Seattle-based provider of infrastructure for managing mobile deployments; CareerNumbers, an early-stage company in Boston providing deep career insight based on a large database of career data; and London-based Fife Ventures and their Zingzam hosted community platform. </li></ul><ul><li>On the board of trustees of the Marlborough Historical Society and on the Massachusetts IMLS Statewide Planning Grant advisory board. Earlier served on the board of trustees of the Des Moines Public Library System, the board of directors of the Art Institute of Chicago’s Evening Associates, the Dallas mayor’s technical services committee, and the board of directors of the Association for Retarded Citizens/The Arc of Dallas as well as the board of the state-wide organization. </li></ul><ul><li>Masters of Management from the Kellogg Graduate School of Management at Northwestern University. </li></ul><ul><li>Adam Duston, CTO </li></ul><ul><li>Founded Langolab, a TechStars 2009 company based in Cambridge that teaches foreign language through subtitled online video. He led the development of Universal Subtitles, an open-source subtitling platform selected as a Mozilla Drumbeat project and funded by the Mozilla Foundation; architected and led the development of Miro Video Converter, an open-source video converter recommended by the W3C and adopted widely, with hundreds of thousands of downloads over the last 12 months; and, for Localytics, one of the leading mobile analytics providers, architected and led the development of an efficient, scalable, Erlang-based data-processing pipeline that provides real-time processing of over one million events per day from mobile devices. </li></ul><ul><li>Early innovator in the development of iPhone applications. He developed two apps that are currently in the iPhone app store -- iEarnedThat and IvBeen -- and is currently developing an iPhone app for Langolab. He is a guest lecturer on iPhone development at Boston University. </li></ul><ul><li>Earlier designed and deployed improvements in IT operations for a large publicly-traded financial services firm. The redesigned processes resulted in a savings of more than $3 million over the first 12 months. </li></ul><ul><li>Studied Mathematics and Computer Science at the University of Chicago. </li></ul>
    12. 12. Appendix: Advisors <ul><li>Pat Spain —Founder, CEO, and chairman of Newser. Formerly co-founder, chairman, and CEO of Hoovers (acquired by D&B); chairman, and CEO of HighBeam Research (acquired by Cengage Learning). On the board of directors of GuideStar, the leading provider of information on more than 1.5 million charities in the US. </li></ul><ul><li>Kathleen Lee —Project Coordinator for grants for the Natural Resources Group of the New York City Department of Parks and Recreation. Previously a freelance grant writer for the National Urban League, the Children's Museum of the Arts, Pfizer, others. </li></ul><ul><li>Ali Williams —President of the Postdoctoral Association and a research fellow in the Molecular and Integrative Physiological Sciences Department at the Harvard School of Public Health. </li></ul>
    13. 13. Appendix: Growth of charities and foundations Source: The National Center for Charitable Statistic s ( http://nccsdataweb.urban.org/PubApps/profile1.php?state=US ) based on IRS Business Master File 04/2009 (with modifications by the National Center for Charitable Statistics at the Urban Institute to exclude foreign and governmental organizations).

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