What is the name of the company?
What problem does this solve?
Foundations, nonprofits, government, community and backbone organizations lack meaningful outcome measurement to support investment decisions (if any exist at all). Funding can be withdrawn, or additional funding not provided when credible performance information isn’t available. Collectivity tools and services combine simple data capture, extraction, and presentation for making critical program decisions, tailored to each constituent group (funders, orgs, supporters, etc.). Collectivity also offers among its suite of providers in the cooperative a full range of basic productivity and capacity building tools that are imbedded with expert services to help organizations spend more time providing the primary products or services they offer their constituents (CRM, fund raising, team & project/program management, finance/accounting, volunteer/mentor management, etc.)
What is the full launch/release date planned?
Collectivity is pursuing various prospects and projects currently, with a number of potentials in the pipeline. Anticipate having some live pilots for review no later than end of Q3.
What is the specific technology or combination of technologies used?
The purpose of creating the cooperative is to take advantage of existing technologies and the developed operations and customer bases of the member providers, but combining them in unique ways to create more comprehensive solutions for end user clients. The structure also provides broader exposure and visibility of the individual member providers to other markets or channels, increasing opportunities for growth, and access to more sophisticated projects.
What is the size/scope of your market and how will you scale?
Initially, our focus will be in the top 20 markets around the country, with the Twin Cities the first market. However, we have current prospects in Chicago, Detroit, San Francisco, LA, and Colorado.
What is your revenue model?
Primarily recurring monthly subscriptions that include both cloud software and expert services, however there will be some stand-alone consulting revenue (~10-15%).
What is your greatest strength?
The multi-stakeholder for-profit cooperative platform combined with the depth of capability that exists in our charter member companies would be our greatest strength currently. Our expectation is that, as we grow, we will become known not only for providing extraordinary solutions that are affordable, but our cooperative company model will become one that many others will emulate.
What is your biggest weakness?
We have discovered an extraordinary amount of pent up demand for the services and solutions we are providing, and it will be a challenge initially to ‘keep all the plates spinning’ during a time of fast growth. Not outstripping the capacity of our member providers, and being able to add new providers & consultants fast enough to keep pace with growth as we build out our own operational infrastructure will be a challenge.
What is one resource you could use that would take this to the next level?
Throughout 3rd quarter we will begin looking to fill in a few key roles on Collectivity’s staff, and our hope is that we’ll attract the best people quickly so we don’t need to spend a lot of time in recruiting so we can focus on keeping up with selling. That said, we’ll take whatever time we need to identify the right fit as we build the team.
Is there anything else you would like to add?
Yes, we are very fortunate to be hosting an event this Wednesday morning, June 25th at the Carlson School of Management featuring an internationally acclaimed keynote speaker talking about the Solution Revolution (click here for program and registration info) which gets to the heart of what innovation breakthroughs are needed and being created today. We’ll also talk about a new paradigm called “Collective Impact” and how we’re creating a movement to address some of the most intractable social problems of our time using technology as a foundation for change.