Schoolpop.com files for Bankruptcy
Our major competitor is http://www.schoolpop.com and they filed for bankruptcy. This is surprising. This company grew from $25 million to $100 million in revenue in less than 3 years. In 2004, they pulled in over $50 million in revenue, and in the first quarter of 2005, they generated over $7 million in revenue. It is a shame that a company that donated more than $200 million to schools must close and reorganize.
However, this is an excellent opportunity for schools, churches, and non-profit organizations fundraising with www.myfundrazor.org
MyFundRazor offers a free, turn-key solution for the fundraising needs of churches, schools, and non-profit organizations. MyFundRazor offers on average, 2X the payout of Schoolpop and IGive. If you're interested in raising money for your organization, please consider us. Our management is VERY strong with a former CFO from Weyerhaeuser, former CEO of a company that invented the DSL line, and a COO that has over 30 years of experience with software entrepreneurship. Many of our executives are physicians and academics who will take philanthropic shopping to a new level and make it sustainable.
REFERENCES
http://biz.yahoo.com/e/050516/lylp.ob10qsb.html http://biz.yahoo.com/e/050414/lylp.ob10ksb.html http://biz.yahoo.com/e/041116/lylp.ob10qsb.html http://itmanagement.earthweb.com/columns/executive_tech/article.php/3548146 http://www.corante.com/goyami/archives/2005/09/27/schoolpop_bankruptcy_saga_continues.php
However, this is an excellent opportunity for schools, churches, and non-profit organizations fundraising with www.myfundrazor.org
MyFundRazor offers a free, turn-key solution for the fundraising needs of churches, schools, and non-profit organizations. MyFundRazor offers on average, 2X the payout of Schoolpop and IGive. If you're interested in raising money for your organization, please consider us. Our management is VERY strong with a former CFO from Weyerhaeuser, former CEO of a company that invented the DSL line, and a COO that has over 30 years of experience with software entrepreneurship. Many of our executives are physicians and academics who will take philanthropic shopping to a new level and make it sustainable.
REFERENCES
http://biz.yahoo.com/e/050516/lylp.ob10qsb.html http://biz.yahoo.com/e/050414/lylp.ob10ksb.html http://biz.yahoo.com/e/041116/lylp.ob10qsb.html http://itmanagement.earthweb.com/columns/executive_tech/article.php/3548146 http://www.corante.com/goyami/archives/2005/09/27/schoolpop_bankruptcy_saga_continues.php
1 Comments:
I wonder why they were a .com instead of a .org if they did charitable foundation work?
Was this bad management? Their cash flow looks good, but obviously something was out of balance. THere is a huge market for this kind of venture.
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