When I accepted Freeman’s offer to join the Launcht team as an intern back in February, I had little idea what I was getting myself into. I was familiar with crowdfunding — mainly, I will admit, with the big third-party platforms — but I wasn’t sure exactly what this white-label thing was all about, or what it had to do with “Democratizing Access to Capital.”
Even before I had begun to acclimate myself to the industry, crowdfunding was connecting me with people who were doing real, cutting-edge work in their fields. These were people who wanted to talk about the social impact of their organizations just as much as their financials.
In the hours of industry research and headline-monitoring that I have done since then — as trends and fads would come and go through the industry — I have seen time and time again that the core model of donation-based crowdfunding shines brightest. Colleges and universities, businesses and other organizations all across the globe are making their own success with crowdfunding, realizing that small donations from many can lead to something great.
That’s why “Democratizing Access to Capital” isn’t just another meaningless corporate slogan; it comes astonishingly close to describing the daily work of people in this field.
So while many of my peers will leave their summer internships with jaded cynicism about their ability to contribute to anything significant, I leave mine with an entirely new skill-set and a whole lot of hope for the future of this truly unique industry.
I have realized over the past six months that there will always be a place for crowdfunding in this world, because there are a lot of projects that just don’t fit very well with traditional models of financing. These projects, it turns out, tend to be the ones most worth doing.