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Persistence pays off for tech whiz

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Seth Bannon is a connected kind of guy, and it shocked him that the technology used to organize people and raise money is so awful.

So, following a now-familiar path, Bannon dropped out of Harvard to start Amicus, a company to overhaul tech tools for nonprofits.

From nothing, he raised $3.78 million.

To do it, he had to overcome the misgivings of an investor; she thought he was solving the wrong problem. He challenged a chess master and PayPal founder to a blitz game of chess—and won. And he had to obtain a signature from a New York venture capitalist in the middle of Hurricane Sandy with no power and no cell signal.

— Adapted from “Raising Funds to Help People Raise Funds,” Christine Lagorio-Chafkin.

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