The 2014 Executive Excellence Awards: Dan Price


Dan Price, Cofounder and CEO, Gravity Payments

Dan Price fuels the growth of his credit card payments company from the same passion that drove him to launch it. Community businesses, he saw, were poorly served by most competitors, who offered little service and whose transaction fees could rise without notice. The industry, he observed, “was set up to extract money from them and not provide much value.”

Price had this insight at age 19, when he cofounded Gravity Payments in his dorm room at Seattle Pacific University with the help of his older brother. Gravity charges a lower percentage fee, sends easy-to-follow bills, and provides quick, personal service. Less than 10 years later, it is among the top 50 credit card processors in the United States, with customers in all 50 states.

“I originally thought we wouldn’t make any profit,” Price admits, but growth through referrals and low turnover keep costs lower than most competitors. “We rarely lose customers unless they go out of business.”

In the office, Price has an open-door policy — or would if he had a door. He shares desk space with nearly 100 employees and joins in on customer calls. It helps him remain connected to his original mission of service. “If an issue is impacting a customer,” he says, “I flip out about it.”

Community Impact Awards to Honor Harriet Bullitt

Community Impact Awards to Honor Harriet Bullitt

Celebrating a lifetime of giving back to the arts and the environment.

Philanthropist Harriet Bullitt will receive the Lifetime Achievement honor at this year's Community Impact Awards presented by Seattle Business magazine on October 26 at the Museum of History & Industry. 

A longtime supporter of the arts and environmental conservation in the Pacific Northwest, Bullitt has created a legacy of achievements throughout the state of Washington. In 1989, she and her sister, the late Priscilla “Patsy” Bullitt Collins, inherited ownership of King Broadcasting Company, which their mother Dorothy Bullitt had founded in the 1940s. Harriet founded Pacific Search magazine in 1966; it later became Pacific Northwest magazine and was folded into Seattle magazine in 1994. Her family foundation’s Bullitt Center in Seattle is designed to be the “greenest” building in the world. The Snowy Owl Theater, a performance center near Leavenworth, is the centerpiece of the Sleeping Lady Mountain Resort, a retreat created by Bullitt in 1995 from an old Catholic Youth Organization summer camp.

Bullitt also founded the Icicle Fund, a charitable foundation supporting the arts and environmental protection in the upper Wenatchee Valley. And she has served on many boards, including those of the Pacific Science Center, The Nature Conservancy, Reed College and the National Audubon Society. She is vice chair of the Bullitt Foundation board of trustees.

She will join 19 other organizations and individuals being honored for the measurable impacts they have on their communities. This year's Community Impact Awards finalists are, Bellevue College/Year Up, Columbia Bank, Evrnu, FareStart, Glassybaby, Itek Energy, Kinzer Partners, McKinstry, Millionair Club, Optimum Energy, Rice Fergus Miller, Savers/Vallue Village, Skanska USA, Sleep Train, Sleeping Lady Mountain Resort, Theo Chocolate, Tree Top Inc. and Wellspring Family Services.

Tickets are on sale for the Community Impact Awards Gala at MOHAI. For more information, contact Miranda Scheitzach at