Crowdfunding Politicians Gets Scientific

Although President Obama perfected it, crowdfunding a political campaign is getting more polished as donation-based web portal Crowdpac is helping non-traditional candidates raise funds to gain elected office.

One such candidate is DeRay McKesson, a Baltimore Black Lives Matter activist, whose profile rose after the riots last year. http://recode.net/2016/02/04/black-lives-matter-activist-launches-mayoral-bid-with-online-crowdfunding-campaign/

Crowdpac scores candidates on their positions – liberal to conservative based on who their contributors are, their speeches and voting records.

Crowdpac has an impressive staff and board and is financed by several top tier venture capital funds and angel investors, including NEA, InterWest, Index Ventures, CAA and SV Angel.
https://www.crowdpac.com/about

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About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in Charity, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Dodd Frank, Funding Portals, Investments, Legislative Intent, SEC, States, VC, Wall Street and tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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