iContact, Nourish, and Life Update

June 2, 2010 · Print This Article

I’ve been super focused the last six weeks on iContact and Nourish since making it back from Skoll World Forum and the Icelandic volcano.

iContact Update

The baby that Aaron and I started way back in 2003 is now 7 years old (see our company picture below).

We’ve hired 45 new team members so far in 2010. iContact has now passed 200 employees and 63,000 customers and are at a $37M annualized revenue run-rate. Here we come $100M.

We’re working to build a ‘great global company, based here in North Carolina, for our customers, employees, and community.’ Our 2020 mission is to be the largest global provider of email marketing software and services to the Small Business and Mid-Sized Business market.

Recently iContact has come out with and announced:

iContact’s Social Responsibility

In May, Matt Kopac  joined iContact, helping us with our social and environmental responsibility work. Matt is helping iContact become a B Corporation (for-benefit corporation), create a system to quantify our social and environmental impact, and prepare for writing our 2010 Corporate Social Responsibility (CSR) Report. Matt is comes to us from Yale University where he finished in MBA in 2009. Matt has worked in the Peace Corps in Benin and for VisionSpring in El Salvidor.

Making iContact a  Triple Bottom Line (TBL) Company

A triple bottom line company is a company that focuses on its financial results, social results, and environmental results. This three-pronged measurement system also goes by the moniker of “Profit, People, Planet.” iContact already measures and report on our financial results religiously.

We are now setting up a system to measure our social results and our environmental results. My hope is that iContact can become a global example of a socially responsible triple-bottom line venture-backed technology company. My strong belief is that by measuring and focusing on social impact and environmental impact, financial results are actually improved and not the other way around. We are just at the beginning of this process.

We’ve got even more exciting things to share that we will announce by the end of July including our first acquisition and something so wonderful I can’t even allude to it…

Nourish Updates

Besides a few days in May at the DC Summit Series and trying to write articles and posts when I can, I’ve been very focused on two things professionally–iContact and Nourish International. I’m the Board Chair this year for Nourish so I was part of a committee to select Nourish’s next Executive Director Ryan Richards, who started on the job last week here in Chapel Hill.

Ryan comes to Nourish from NYU’s Wagner School and has worked with ReadingVillage, StartingBloc, Ashoka, and Asturias Academy previously. Ryan is taking the role from James Dillard, who as ED grew the organization from 8 to 22 college chapters.

Nourish is focused on training US college students to become global citizens. Nourish teaches entrepreneurial skills to college students who then run small businesses and ventures on their campuses, make a profit, and then invest those profits in community-based organizations in the developing world (thirteen countries so far including in  India, Bolivia, Mexico, and Uganda) who work to implement community-led sustainable economic development projects.

Nourish’s Board of Directors now includes…

  • Pallavi Garg, UT- Austin
  • Jud Bowman, CEO of PocketGear
  • Neil Bagchi, Bagchi Law
  • Buck Goldstein, UNC Entrepreneur-in-Residence
  • Jim Kitchen, TUI Travel
  • Lee Buck, LaunchBox Digital
  • Joel Thomas, UNC-Kenan Flagler
  • Chris Bingham, RileyLife Industries
  • Marcia Angle, Intrahealth
  • Ryan Allis, iContact
  • Ryan Richards, Executive Director

If you’d like to learn more about Nourish International, make a financial contribution, or get involved you can visit the Nourish web site or contact Exec. Director Ryan Richards at ryan[at]nourishinternational.org.

Life Update

The past few months I’ve been living in Chapel Hill and traveling a lot for work to wonderful places like San Francisco, Boston, Chicago, D.C., and New York. Our ‘house of entrepreneurs and social entrepreneurs’ has grown. We have welcomed Zach and Ryan to our house recently and are up to 6 roommates (Phil, Ryan, Ryan, Joe, Zach, Andy) with Riley the Dog running around. Somehow we keep a good system going.

I’ve not had time to host an Entrepreneur & Social Entrepreneur Meetup for a few months but hope to bring them back in the Fall. I’m hoping to be able to head to Kampala to visit Roey with VillageEnergy in October as well as see Kigali and Zanzibar for the first time.

My girlfriend Jess has graduated from UNC with a degree in Peace, War, and Defense and is now working on both finding a job in the socially responsible investing or international relations field as well as writing a business plan for a new venture called Borderless Books and volunteering for Jim Thomas’ AfricaRising.

If you know of anyone looking for a brilliant UNC grad and social entrepreneur who’s worked in Tanzania, Guatemala, and Uganda to work for their non-profit organization or company, email Jess at jess.shorland[at]gmail.com!

My parents Pauline and Park moved back to Bradenton, Florida in December. They have now sold their house in Carrboro, NC and this weekend will be the big family furniture move to my house.

Off to do a reference check call…

Ryan

iContact's Social Responsibility 

In May, Matt Kopac has joined iContact as a 20 hour per week consultant, helping iContact on our social and environmental responsibility work. Matt will help iContact become a B Corporation (for-benefit corporation), create a system to quantify our social and environmental impact, and prepare for writing our 2010 Corporate Social Responsibility (CSR) Report for the Board of Directors. Matt is comes to us from Yale University where he finished in MBA in 2009. Matt has worked in the Peace Corps in Benin and for VisionSpring in El Salvidor. He works in a cube outside Cindy Hays' office. Say hi to Matt (picture below) when you see him! 

What Does a Triple Bottom Line (TBL) Mean? 

A triple bottom line company is a company that focuses on its financial results, social results, and environmental results. This three-pronged measurement system also goes by the moniker of "Profit, People, Planet." We already measure and report on our financial results religiously. Part of the work Matt will be doing is setting up a system to measure our social results and our environmental results. My hope is that iContact can become a global example of a socially responsible triple-bottom line venture-backed technology company. My strong belief is that by measuring and focusing on social impact and environmental impact, financial results are actually improved and not the other way around. We are just at the beginning of this process.

Comments

Got something to say?