Dominic Kalms | Finding Profit Through Purpose

The Lesson: If someone wants to start an e-commerce platform to sell goods or services online, there are literally thousands of tools ranging from simple drag-and-drop interfaces that the biggest luddite could use, to the most comprehensive panoply of features for enterprise-level operations. But for charitable or non-profit work, even though the market cap and market velocity are similar to e-commerce, the tools just aren't there. Dominic Kalms has built several platforms capable of allowing people to set up a non-profit project for whatever social good they're trying to achieve, as easy as using Shopify. 

Notable Excerpt: "There're 1.7 million non-profits, and starting a non-profit is hard. The average cost—labor and time is very prohibitive, I mean you're talking $20,000-plus, on average, to start a non-profit. To get the IRS to approve a non-profit, that's 6-8 months, on average, and if you want to be compliant across the federal, state, and local jurisdictions across the United States, there are over 200 documents that need to be filed. So I thought to myself 'there's got to be a better way,' so what I did with GVNG is I raised a round of venture capital financing and we built a digital one touch solution for instantly launching, running and managing your own non-profit project, or donor-advised fund. Over the last 5 years we've powered thousands and thousands and thousands of non-profit projects, we've processed millions of dollars of non-profit capital through our system. 

The Guest: Dominic Kalms is a venture backed entrepreneur, philanthropist and public speaker with an expertise in financial tech, charity and non-profits. He has created two revolutionary philanthropic platforms, B Generous, and GVNG, a venture-backed platform that facilitates the creation of instant charitable giving accounts. He has raised over $50 million in venture and philanthropic capital during his career.

Dominic has spoken at many global forums on philanthropy (e.g. Nexus Global Summit, Social Enterprise Summit, TechCrunch’s Ventures Summit, Capital One Stories of Impact, TEDx etc). Dominic is also a member of The Forbes Nonprofit Council, NEXUS, SUMMIT Impact, and he is an Ambassador for the Global Citizen Forum.

Episode Resources:

Dominic Kalms | LinkedIn

GVNG | Website

B Generous | Website