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February 27, 2011 11:00 pm GMT
Y Combinator-incubated SwipeGood, a startup that allows you to donate to charity each time you buy, is using its Start Fund money to benefit others. In case you didn't catch this bit of news, DST's Yuri Milner and SV Angel have teamed up to launch the Start Fund, which gives all Y Combinator startups a $150,000 investment in the form of a convertible note with no cap and no discount. Launched in November, SwipeGood is giving the $150,000 to charity.Here's how SwipeGood works. Once you enroll your credit/debit card with SwipeGood, every purchase you make gets rounded up to the nearest dollar. So for a $50.50 purchase of groceries, $0.50 will be given to charity.At the end of the month, SwipeGood will send your total donation amount to the charity or cause of your choice. To participate in SwipeGood, consumers have to enroll their credit card and the service will track your purchases, similar to the way Blippy works.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/jVy8tXu0LFA/
SwipeGood Gives Its Start Fund Cash To Charity
Y Combinator-incubated SwipeGood, a startup that allows you to donate to charity each time you buy, is using its Start Fund money to benefit others. In case you didn't catch this bit of news, DST's Yuri Milner and SV Angel have teamed up to launch the Start Fund, which gives all Y Combinator startups a $150,000 investment in the form of a convertible note with no cap and no discount. Launched in November, SwipeGood is giving the $150,000 to charity.Here's how SwipeGood works. Once you enroll your credit/debit card with SwipeGood, every purchase you make gets rounded up to the nearest dollar. So for a $50.50 purchase of groceries, $0.50 will be given to charity.At the end of the month, SwipeGood will send your total donation amount to the charity or cause of your choice. To participate in SwipeGood, consumers have to enroll their credit card and the service will track your purchases, similar to the way Blippy works.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/jVy8tXu0LFA/
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