Donald Trump misses the point of crowdfunding

Donal Trump Fund AnythingDonald Trump backing crowdfunding is about as appropriate as Attila the Hun inviting us to tea.

I’ve never had a bad word to say about crowdfunding – until now. Now I am rendered speechless by perhaps the biggest backhanded compliment ever.

Crowdfunding is about the crowd. The clue is in the name. It’s funding for the crowd by the crowd. It has the potential to democratise finance, to reinvent and reinvigorate capitalism.

Last week, the most unlikely person on the planet jumped on the bandwagon, chequebook in hand. It’s as if Attila the Hun invited us to tea.


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