Do Millennials Rely on Crowdfunding?

An op-ed piece by a millennial suggests that the reason that generation has turned to crowdfunding is because of the “breakdown in the social safety net.”

It is posited that they have responded to the financial crisis with “community support, connectivity and responsibility” using social media to create a new economy where they help each other.

Fighting the stigma of selfishness, the author argues that, in fact, most believe in “social capital” and wealth re-distribution. Perhaps it was a slip of the tongue when she noted that she “earned” money from donors.

And the publisher rounded out the story by asking for funding from its readers. An interesting take on crowdfunding.
https://www.theguardian.com/commentisfree/2017/apr/05/the-state-has-let-millennials-down-thats-why-we-crowdfund-basic-needs

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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 accredited investor, Charity, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Funding Portals, Investments, Jobs, Legislative Intent, Small Business and tagged , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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