In Episode #114, we explore building a modern charitable giving platform. We’re joined by Adam Nash, Daffy’s Co-Founder and CEO, and we cover donor-advised funds, getting kids involved in charity, and philosophies on angel investing.
“I think the center of solving problems with products and software is to just always remember that people are the heart of everything. You're solving a problem for a person.” – Adam Nash
EPISODE GUIDE (LINKS, QUOTES, NOTES, AND BOOKS MENTIONED)
FULL TEXT TRANSCRIPT
This episode is our definitive guide to building a modern charitable giving platform. In it we cover:
00:00:00 – Introduction
00:02:41 – From Apple to eBay, and from LinkedIn to Daffy
00:05:01 – Technology asks, what have you done for me lately?
00:10:53 – The hard part of being a contrarian is being wrong most of the time
00:15:06 – Software goes beyond the products you build
00:17:45 – Crossing the chasm
00:22:56 – The basics of using Daffy
00:28:03 – Overcoming customer perception of giving
00:33:17 – What are donor-advised funds?
00:41:38 – Choosing a charity in Daffy
00:48:34 – Getting kids involved in charity
00:51:53 – On Personal Finance for Engineers
00:55:52 – Adam’s angel investing thesis
01:02:07 – Lessons from Clayton Christensen
Adam Nash is co-founder and CEO of Daffy, which is building a modern platform for giving, and in the process rethinking how we all give to the causes and charities we care about. Daffy has taken something typically only known and used by the ultra wealthy, the donor-advised fund, and made it available to anyone.
With a Daffy account, anyone can contribute cash, stock and even crypto, which is all tax deductible, and then give whatever amount they'd like to over 1.5 million charities on their platform. You can invest your contribution so that your donor-advised fund compounds in value, allowing you to give even more in the years to come, all with the goal of making giving easy and affordable enough that we can all make giving a part of our daily lives.
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Learn timeless lessons on work and life from iconic founders, world-renown investors, and bestselling authors. Outlier Academy is the forever school for those chasing greatness. Past guests include Gokul Rajaram of DoorDash, Scott Belsky of Benchmark and Adobe, Joey Krug of Pantera Capital, Mark Sisson of Primal Kitchen, Luke Gromen of The Forest for the Trees, and Brian Scudamore of 1-800-GOT-JUNK.
ABOUT DANIEL SCRIVNER
Outlier Academy is hosted by Daniel Scrivner. Over the last 15 years, Daniel has led design teams at Square and Apple, turned around a $3M+ ARR SaaS business, and invested in more than 100 companies. He launched Outlier Academy in 2020 to learn from the world’s best founders, investors, authors, and peak performance experts.
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