With the opening of the new London office, CharityStars remains true to it is mantra ‘Live a fantasy', ‘Create a change'. It offers a special chance for buyers to buy exclusive, star experiences and authenticated memorabilia.
Over 200 global actors have selected to utilize CharityStars and the listing is overflowing with big names, such as James Blunt, Mika and Sir Bobby Charlton. Corporates like Ferrari and Vanity Fair also have seen this new startup as a wonderful vehicle because of their CSR programs.
Working alongside non-profits, such as Save the Children and Oxfam, CharityStars supplies them with a fresh and innovative fundraising stage. Picked from Berkeley University as one of the hottest startups in 2013, it unites the moral advantages of a non-profit and also the flexibility of a technical start-up.
Charity Star’s Influence on Fundraising and Memorabilia
From the current socio-economic climate, fundraising teams have to work harder and CharityStars can help with that. If you were to go to the site today, you might be one bidding from taking a Mercedes-Benz SLS AMG for a spin with David Coulthard.
The memorabilia market is estimated at four billion dollars a year and this startup will help fundraising teams receive a cut of it. The platform provides a new way for celebrities to boost the visibility of their charity, corporates to execute their CSR programmes and a new donation stream that is low-cost to implement.
Charity Stars boasts an impressive first year. They've auctioned off everything from Elisabetta Canalis's wedding gown to a signed pair of NBA worn trainers. This company provides huge potential and shows a fire and decision that may change the whole approach of this non-profit sector.
Charity Stars in 2017
One of the great innovations of 2017, such as a web site redesign and launch of the prize draw tech, CharityStars adapted their business model to embrace private users. Initially, only non-profit organisations may upload auctions to the stage, but now the auctions are also open to private users, like musicians or private collectors, who will market their functions and memorabilia and decide how much of the auction proceeds to contribute to charity.
CharityStars primary competitive advantage is their advanced tablet auction technologies which connects digital occasions to online bidders. During charity gala occasions, guests can bid using balls located on the tables. Online users may concurrently continue to bid against the gala guests, encouraging each lot to reach its full fundraising capacity. This unique technology has already benefited north of 50 gala events such as the Eva Longoria Foundation and Novak Djokovic foundation.
Ebay stands as one of CharityStars main competitors, supplying their charity auctions for free. But whereas CharityStars keeps a 20% share of the final bid raised, the amounts raised are usually significantly higher than the Ebay platform can generate.
As one can see from the above list of benefits and innovations for both non-profits and celebrities, Charity Stars could herald a new age for social responsibility programmes held by the world’s largest corporations.