Chase Adam at Startup School 2013

Watsi, founded by Chase, launched in August 2012 as a non-hierarchical nonprofit enabling global donors to fund direct medical care for patients in developing nations. After initially going viral without revenue, the organization secured a critical Y Combinator investment from Paul Graham and adopted a 100% donation model that prioritized radical transparency and a singular focus on weekly patient funding. Despite facing operational hurdles such as credit card fraud and legal threats, Watsi continues to operate with an 18-month runway, defining its success solely by the binary metric of whether it can fund one more patient.