Friday, January 25, 2013

watsi

start-up companies come and go,

but I hope this continues on. 

https://watsi.org/

they're a non-profit start-up that helps individuals in third-world countries get the funding needed for medical procedures that they need.

it's arguable that this is not something new--

putting pictures and information about specific individuals who are in need 

has been used by charity organizations in the past,

and some have criticized it as a scheme to earn donations.

with that said,

what made me feel that this start-up is different

is their approach to transparency--

they are willing and able to show that 100% of the donations do go to its intended purpose.

they currently have a public spreadsheet that shows the hospital/doctor/organization in charge of the individual's treatment

and a proof of transaction of funds once the donation is made. 

having Y Combinator support puts more faith in their system,

and it will be nice to see more people coming up with fresh ways to use technology to help others.