Newly announced GrowLab’s farm team member Weeve
connects donors to registered charities in their communities, utilizing a number of handy tools including social media and fund tracking. Based upon the concept of crowdfunding, Weeve’s platform connects interested donors directly with Weeve approved non-profit charities in need of their generous donations. Unlike other charitable crowdfunding platforms like FundRazr
( 5% of your donation goes to FundRazr), the talented team at Weeve takes zilch. You read that right. Nada. Your full donation goes directly to your chosen charity. It is expected that Weeve will eventually fund its platform by offering premium fundraising packages to mega-corporations wishing to connect with Weeve’s user base of proven donors. That is part of the fun of being a hot new startup; you get to tweak your business plan as you go.
Do not let the looks of this young, nerf gun toting team fool you. They are wise beyond their years. Founder and CEO Alex Chuang could give Doogie Howser a run for his money in the young and charming department. While you might initially mistake Alex for the boss’ kid, you would likely be incredulous when you realize that this socially conscious young entrepreneur holds a Masters of Management degree from the UBC Sauder School of Business.
Not to be outdone in the charm department, co-founder and CTO Vincent Chu brings a wealth of knowledge to the boardroom table. With previous stints at IBM and SAP as a project manager and software engineer, Vincent’s talents lie in feature-rich software designs that he is able to communicate to development staff easily, thanks to his project management background.
Rounding out this tech-savvy socially conscious trio is co-founder and COO Trevor Loke. As the youngest ever elected member of the Vancouver Park Board, this “choosy” vegetarian focuses on Weeve’s business strategy while coordinating product development and company operations at the same time.
Weeve already has a number of ongoing projects under their belts. The BC Children’s Hospital Foundation
is giving the Weeve platform a try with an initial fundraising attempt of $5000 towards their Campaign for BC Children. Seva Canada
is using the Weeve platform in their attempt to raise funds for eye testing for Cambodian orphans. Both Vancouver’s Shark Truth Society and YouthCO are also tapping into socially conscious donors by opting to use Weeve to raise funds for their projects. As word spreads of the Weeve platform, interested fundraisers and donors are expected to connect on an increasing basis. By tapping into local charities and local donors, the “100% of the proceeds” philosophy of Weeve is bound to be a rousing success. Each project sets its own parameters. Donors can donate as little as $1 or can fund a project in its entirety. All donations are paid directly from the donor’s PayPal account directly to the registered charity. No middleman; no cut of the donation.
The future is definitely looking bright for this talented trio. After participating in Launch Academy 2012
just this past week, Weeve was officially welcomed
to the GrowLab farm team. The successful incubator that is GrowLab
, is also busy mentoring other successful startups like BlueBat Games
. With the mentoring of GrowLab’s multi-talented angel investors
, Weeve is well poised to take the crowdfunding charitable community by storm.
With socially minded entrepreneurs like the team at Weeve leading the startup scene in Vancouver, it is no wonder that the jewel in Canada’s crown is shining so brightly with the investment community lately. Vancouver has become a hotbed of talent in both the investment and tech sectors. Weeve is a prime example of the talent and tenacity that is alive and well on Canada’s spectacular west coast.