How Does GoFundMe Make Money? GoFundMe Business Model Explained

Key Takeaways: GoFundMe is an American nonprofit fundraising international organization founded by Brad Damphousse and Andrew Ballester in 2008 as “CreateAFund” and later in 2010 as its current name. Starting out as a for-profit platform, it far outstripped its competitors in the crowdfunding industry. Using the crowdfunding business model, the organization used to make money …

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