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

1,273 Listeners

Startups For the Rest of Us by Rob Walling

Startups For the Rest of Us

696 Listeners

a16z Podcast by Andreessen Horowitz

a16z Podcast

1,040 Listeners

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

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

182 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

519 Listeners

The Knowledge Project with Shane Parrish by Shane Parrish

The Knowledge Project with Shane Parrish

2,648 Listeners

Built to Sell Radio by John Warrillow

Built to Sell Radio

208 Listeners

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

The Official SaaStr Podcast: SaaS | Founders | Investors

175 Listeners

Founders by David Senra

Founders

1,906 Listeners

My First Million by Hubspot Media

My First Million

2,624 Listeners

All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

All-In with Chamath, Jason, Sacks & Friedberg

9,207 Listeners

The Startup Ideas Podcast by Greg Isenberg

The Startup Ideas Podcast

201 Listeners

Joys of Compounding by Colossus | Investing & Business Podcasts

Joys of Compounding

98 Listeners

Moneywise by Hampton

Moneywise

646 Listeners

BG2Pod with Brad Gerstner and Bill Gurley by BG2Pod

BG2Pod with Brad Gerstner and Bill Gurley

461 Listeners