Chase Adam
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- Y Combinator25 min
Chase Adam at Startup School NY 2014
Founded in 2012 by Chase Adams, Watsi operates as a crowdfunding platform that channels 100% of donations directly to medical treatments in 19 countries, uniquely distinguishing itself as the first nonprofit accepted into Y Combinator. The organization achieved explosive 1,070% growth in its first year by launching via Hacker News and securing backing from investors like Paul Graham and Vinod Khosla, all while maintaining a strict focus on transparency and patient value over top-line revenue. Despite facing infrastructure challenges in developing nations and the complexities of fixed medical costs, Watsi continues to scale its mission under Adams' vision of a global community where universal connectivity guarantees the fundamental right to healthcare for everyone.
- Y Combinator26 min
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.