Hopeful Inc – 1 December
We last featured Hopeful Inc. 10 months ago, since then they’ve survived through the pandemic and been accepted into UC Berkley’s prestigious Skydeck Accelerator Program
Hopeful Inc. empowers nonprofits to drive donations, reduce operating costs, and make better decisions using data. They are the first social media analytics platform developed specifically for nonprofits, with their primary differentiators being, firstly, their ability to integrate with major CRM platforms and directly tie social media metrics to the donations that come into a nonprofit from online sources. Secondly, they are currently developing a proprietary AI technology, Storytelling AI, which helps during the content creation process for fundraising.
They achieve this by using their machine learning-driven analytics dashboard that enables nonprofits to analyze trends in their social media strategy, monitor their supporters’ engagement, and proactively create programs to better drive donations through data-driven decision-making.
Hopeful Inc. operates on a subscription-based SaaS business model. This model will have multiple tiers catering to a range of potential users.
Hopeful Inc. is a cross-functional team of entrepreneurs, with CEO Alex Jivov having been a volunteer, board member, and freelance web developer for nonprofits since his childhood.
Alexander Jivov, CoFounder/CEO – Alexander Jivov is an author, accomplished Sales Executive, and Web Developer specializing in pro bono digital marketing and web development for nonprofits. With international experience in both sales and software development, Alexander has worked with a large range of small businesses, enterprise-level clients, and nonprofit organizations to optimize their sales and marketing strategies.
Ahsan Javed, CoFounder/CTO – Ahsan Javed is a techie at heart and executive by profession. A veteran of big data development, Ahsan previously led the teams behind all customer-facing products at LendingKart, as well as his own organization – WebShrub – which developed big data analytics solutions for telecom operators.
John Paul de Silva, CMO – John Paul has been working with non-profits for decades and has over 10 years of professional experience in the sector. Growing up in a socially disadvantaged neighborhood, he is committed to enabling charities to be more impactful. He enjoys doing improv comedy and conjuring up Yelp reviews at every opportunity.
Hopeful Inc. has raised $205,000 to date, with investors including the prestigious UC Berkeley Skydeck Accelerator Program and internationally recognized venture capital firms. It is one of 16 start-ups chosen out of 1850 applicants from around the world to receive the Berkeley SkyDeck investment. The accelerator provides startups with comprehensive support and enables them to become smarter, faster, and more sustainable in the long run. 60% of companies in SkyDeck raised >$500k outside capital following the program, with a typical raise range between $1-3MM.
Over the next 6 months, Hopeful will attend state-of-the-art training programs and gain the guidance required to excel and obtain a competitive advantage in the global marketplace.
A panel of advisors will work with Hopeful to deepen their understanding of the issues faced by non-profits in the social media fundraising landscape and assist in further expanding Hopeful’s product offering. It will allow them to gain exposure into operational excellence and build a robust business model with a rugged feedback mechanism to work on improvements.
Hopeful Inc. is on track to achieve its first 30 customers after launching in August 2020. Ahead of the release, the Hopeful team dedicated itself to a deep customer discovery process, with over 100+ nonprofit leaders and industry experts interviewed regarding their product needs. The firm also partnered with General Assembly, the UI/UX Design School based in New York City to create their initial product design.
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