Charlie Crystle came to realize that
there was more to life than sitting on the beach, enjoying
the fruits of selling his second startup company. Like a
true serial entrepreneur, Crystle can't sit still for too
long.
 |
| GiftWorks from Mission
Research is an affordable software package that handles
common back-office and fundraising functions for small
nonprofit organizations—a huge niche that has traditionally
been underserved by software companies. |
After leaving ChiliSoft, a server software company he
started and sold a few years later for $70 million, Crystle
took some time off. "I spent a bunch of time in Central
America trying to relax, but ended up doing some consulting," he
says. "I quickly realized that the support technology
for the nonprofit sector was so poorly designed and expensive,
it was ridiculous. I knew there had to be a better way."
So Crystle leaped back into the fray by launching Mission
Research, a Lancaster-based software company with
a suite of applications that automate common back-office
functions for small nonprofits. The company's core product,
GiftWorks, enables nonprofits to easily track donors, donations,
mailings and important interactions with supporters.
Targeting Small Nonprofit Organizations
Most software for the nonprofit sector has been targeted at large
organizations. Mission Research's target audience is
the 1.7 million organizations that make up the small
nonprofit market—the fastest growing technology sector
today.
"We make software anyone can use and everyone can
afford with a focus on the nonprofit and small business
sector," Crystle says. The company refers to its technology
platform as the "hybrid web" because it combines
the power and security of desktop applications with web-based
functionality.
"For example," he says, "through GiftWorks,
a development officer can create target lists of donors
based on specific criteria, upload the data and push it
out to Google Maps and develop an efficient plan of attack."
The Value of Practical Experience
Having built ChiliSoft from zero revenue and a handful
of employees to an organization of 70 people that sold
for $70 million, Crystle knows something about preparing
for rapid growth. Mission Research, which currently employs
18, has gone from 50 to 3,600 customers in the past year,
and revenues have increased fourfold. Currently 25 percent
of the company's business comes from referrals. Crystle
expects 10,000 customers by the end of next year.

“You have to have the gall to think you can
grow a business so fast. But
you also need the plan in place to deal with the
collateral effects.”
—CHARLIE
CRYSTLE, FOUNDER & CEO,
MISSION RESEARCH
|
"You have to have the gall to think you can grow
a business so fast," says Crystle. "But you
also need the plan in place to deal with the collateral
effects. We have a scalable sales and support system. We
can still provide personalized service and decent margin
even with our growth rate."
The Role of Ben Franklin
Crystle says that Ben Franklin Technology Partners (BFTP) has
contributed greatly to the company's current success.
In addition to providing Mission Research $300,000 in
capital, Crystle says the guidance provided by BFTP's
Transformation Business Support Network has been invaluable.
"They helped us develop a business plan model and
have done a good deal of market research for us," he
says. "Their HR support in recruiting and ongoing
personnel issues has been great. These are services that
over time would have cost us significant time and money
if we'd had to go it alone."
Crystle attributes such rapid growth—currently at +10 percent
from one month to the next—to a relentless focus on
customers. "We built the company around customer research.
We get thousands of suggestions a month and read them all.
It definitely guides future development," he says.
Crazy Is As Crazy Does
Having experienced the ups and downs
and dizzying pace of a rapidly growing early-stage company, some might call Crystle crazy for jumping right
back in. "Crazy
is a relative term," he says. "I think it's crazy
to not follow something you believe in and crazy not to
have strong beliefs. It may be more comfortable, but not
terribly interesting."
And jump back in he did. "It takes a certain tenacity
and lack of respect for fear. We still have fear. I'm totally
leveraged. I've invested everything in this company. I
had to believe it was not going to be just successful but
dominant," he says.
From the December 2006 issue |