I like your idea. What will it take to be part of your founding grant team?

We have an amazing founding team! As we look to scale up, we are always interested in working with motivated individuals who are looking to make a difference in the world with their skills. If you are interested in working with us, please visit jobs.opengrants.io drop us a line anytime :)

Such a great idea -- but is the subscription plan the only way you plan to make money? Do you earn a percentage of any grants funded through your platform? Is there any data you can glean from users of your platform?

Hey Justin! We have a few ways we monetize our platform. We do take 20% of whatever is paid to grant consultants in the marketplace. We also use the data collected in aggregate (we dont sell any sort of PII) to allow governments to understand trends and design better grant programs. Our plan for the future is to move grant funding over our network and collect a small percentage of all grant funds as our primary revenue driver. Happy to discuss more, we will be sending access to our discord so...

How far does $500 in credits towards enterprise product (API or custom portal build) take a company? What is the API or custom portal build? Thanks!

Hey Karen! It really depends on the level of customization you require. OpenGrants provides our API to partners which allows them to integrate OpenGrants functionality into their platforms. The cost of an API call itself is incredibly cheap, so $500 in credits could conceivably get you well past MVP in terms of development of a solution. However, if you are not a developer, the base cost of a custom portal build is about 25k/year USD. Our custom portal build includes hosting and technical sup...

Hi OG Team, Congrats on the success so far. I like that you're helping non-profits get more of that sweet cash money. One of my readers passed along your deal to me and asked for my thoughts. I’ve written a first pass of a deal memo (https://muhanzhang.com/opengrants/) for mys...

Great question Muhan! There are two really important points to consider here: One is that we do intend to capture a percentage of grant funding moved over platform in the future, and we are currently experimenting with different ways to message and manage that. We also see this as a massive path to revenue. Something important to consider is that for some programs (typically larger federal/government grants) a traditional success fee is prohibited, so we are carefully navigating that issue, a...

Hi Sedale, I'm interested in investing, but I have a few questions. Have you recently raised any money outside of equity crowdfunding? If so, how much? What are your current cash and cash equivalents as of March 2022? Lastly, what were operating expenses in 2021? Thanks!

Hey Annali! We have raised just over 1M from Boost VC, Globivest, FYC Labs, a100x and a small group of angels/super angels via SAFE notes. Current cash and cash equivalents are 179k. Operating expenses in 2021 were $593,189.52. Let me know if you have any other questions!

OpenGrants

A grant search engine and marketplace of independent grant consultants

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Sacramento, CA

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Nicole interviewed OpenGrants on December 1, 2021. Play Video

Nicole Walker

I am passionate about enabling others to develop and test ideas. I am a Corporate Innovator, Mompreneur, and Angel Investor!

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says, "You have identified a simple solution to a very common challenge."

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says, "I love that you are trying to address both sides of the market. I would make sure your value proposition is strong for both, Grant Seekers and Grant writers."

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LEAD INVESTOR

Invested $10,000 this round

Government research grants, foreign aid funds, nonprofit grants. This team is revolutionizing how we fund research, those in need and those who help. This marketplace is being created at the perfect time. The technology being used to deliver transparency and traceability is the reason why such a business model is game changing. Their platform will lift all boats and invites all the right people including their competitors to be successful in reaching a more diverse array of solutions that humanity is looking for. Are you looking for equitable access to capital, this level of access is unprecedented. As excited as I am about the space, I also feel reassured by the number of success this team has under its belt and it's experience and network within the space.

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