Practical Founders Podcast

#133: Bootstrapper Sells School Fundraising Platform to PE Investors - Howard Gottlieb


Listen Later

Howard Gottlieb started Read-A-Thon in 2012 as a reading-based fundraising platform that helped students raise money while boosting education. Their easy platform and simple fundraising approach created amazing results. The Read-a-Thon business grew steadily and profitably without any outside funding.

Read-A-Thon helped over 4000 schools and students raise over $30 million in donations. Their platform has tracked over 30 billion reading minutes by students who have used it to earn donations.  

Read-A-Thon was successfully acquired by private equity investors in early 2023 for an undisclosed amount. The business has continued to grow and expand with a new CEO and key executives, with Howard on the board as an advisor and now a minority investor in the company. 

Quote from Howard Gottlieb, founder of Read-A-Thon

“I have been very blessed and very lucky in my journey with the success of Read-A-Thon. Everyone should realize that and have some humility.

“If you succeed at the game, you can be the smartest guy or the smartest woman with the most brilliant idea, but it still will take 50% or more luck for everything to align correctly to succeed. Just realize that. It takes a lot of good fortune.

“At Read-A-Thon, our lucky moment was COVID because online fundraising was only in its infancy. When COVID hit and schools were out, Read-A-Thon was almost the only viable option. Our growth went from 40% a year to 100%, then 150% a year. So that was luck after all these years.”

Links
  • Howard Gottlieb on LinkedIn
  • Read-A-Thon on LinkedIn
  • Read-A-Thon website

The Practical Founders Podcast

Tune into the Practical Founders Podcast for weekly in-depth interviews with founders who have built valuable software companies without big funding. Subscribe to the Practical Founders Podcast using your favorite podcast app or view on our YouTube channel.

Get the weekly Practical Founders newsletter and podcast updates at practicalfounders.com/newsletter.

...more
View all episodesView all episodes
Download on the App Store

Practical Founders PodcastBy Greg Head

  • 5
  • 5
  • 5
  • 5
  • 5

5

26 ratings


More shows like Practical Founders Podcast

View all
This Week in Startups by Jason Calacanis

This Week in Startups

1,266 Listeners

Startups For the Rest of Us by Rob Walling

Startups For the Rest of Us

691 Listeners

a16z Podcast by Andreessen Horowitz

a16z Podcast

1,000 Listeners

The SaaS Podcast - SaaS, Startups, Growth Hacking & Entrepreneurship by Omer Khan

The SaaS Podcast - SaaS, Startups, Growth Hacking & Entrepreneurship

180 Listeners

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch by Harry Stebbings

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

508 Listeners

Built to Sell Radio by John Warrillow

Built to Sell Radio

209 Listeners

The Official SaaStr Podcast: SaaS | Founders | Investors by SaaStr

The Official SaaStr Podcast: SaaS | Founders | Investors

172 Listeners

Founders by David Senra

Founders

1,846 Listeners

Invest Like the Best with Patrick O'Shaughnessy by Colossus | Investing & Business Podcasts

Invest Like the Best with Patrick O'Shaughnessy

2,293 Listeners

Y Combinator Startup Podcast by Y Combinator

Y Combinator Startup Podcast

206 Listeners

REWORK by 37signals

REWORK

208 Listeners

My First Million by Hubspot Media

My First Million

2,609 Listeners

The Logan Bartlett Show by by Redpoint Ventures

The Logan Bartlett Show

190 Listeners

Moneywise by Hampton

Moneywise

644 Listeners

Think Big, Buy Small by Harvard Business School

Think Big, Buy Small

31 Listeners