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Over the next few days, we’ll be introducing you to a new project we launched today. A small but mighty team has been working on this for his entire year. I’d like to share some of the highlights and some of the key design choices we made along the way.
Each year, U.S. charities raise approximately $1 billion annually. Day From individuals. That money will go a long way toward countless projects that benefit the arts, health care, education, and the community.
Our society is not built passively for these organizations to get funding, so they need to actively raise money. It’s tiring and honestly, it’s hard. No one particularly wants to take risks or spend extra time on creative work because it’s not important, but a necessary chore.
In creating GOODBIDS, we aimed to create a fun, noteworthy, and generative new way to raise money for worthy causes.
At the core of this idea is a positive auction. While this looks a bit like an eBay auction, it actually has some extraordinary and innovative twists.
The key is: All bids are donations.
We have started three auctions today. More auctions will be held this week.
Bidding starts at $10. It goes up in $10 increments and you can’t skip steps.
That is, $10, $20, $30, etc.
Each bid is actually a non-refundable donation.
This means that even if you bid $10 and someone outbids you by $20, your donation will still go to charity. You can rest assured that you will receive an email confirming your donation. Unless you bid again, someone else will get the reward.
The last donation will receive the reward.
The magic of positive auctions is in the math. If the bid for a session with Jason reaches his $1,500 (much less than it’s worth), the nonprofit could get up to $112,000 in donations.
This week we will be launching a variety of special auctions with donated prizes. If you’re a Dead fan, check it out and be sure to tune in tomorrow.
And here I’ll give you a sneak peek…
![](https://i0.wp.com/seths.blog/wp-content/uploads/2024/04/Weir-Modulus-9.jpg?resize=1024%2C768&ssl=1)
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