Watsi's Chase Adam at Startup School NY 2014: Revolutionizing Healthcare Crowdfunding
This article is a summary of a YouTube video "Chase Adam at Startup School NY 2014" by Y Combinator
TLDR Watsi is a healthcare crowdfunding platform that prioritizes transparency and direct funding for medical care, and through hard work and perseverance, has become a highly efficient and impactful team that aims to provide healthcare to everyone.
Chase Adams founded Watsi, a healthcare crowdfunding platform that allows anyone to donate as little as $5 to fund medical care for people in need.
Non-profit healthcare funding can save lives and improve economic outcomes for individuals and communities.
Watsi was founded by volunteers who prioritized transparency and direct funding for medical care, and miraculously found a developer at a beach party to join their team.
Watsi struggled to fundraise for medical treatments until a viral post on Hacker News, but faced challenges with broken operations and a need for more patients on their website.
Non-profits struggle to raise funds, but winning a Huffington Post competition led to Watsi joining YC and learning to focus on one metric.
Startups face challenges but can succeed with hard work and perseverance, while setting an arbitrary closing date can help raise donations quickly.
Watsi prioritizes building a strong culture and mission over rapid growth, resulting in a highly efficient and impactful team.
Watsi faces challenges in balancing patient needs and investing in the future, but their efforts to provide healthcare to everyone are worth it.