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Here's why I don't like crowdfunding

6 2 0
15.07.2019

OPINION: As the dust settles around He Who Must Not Be Named and his polarising request for financial support to cover legal fees, I'm left trying to understand the role crowdfunding plays in our society.

Unfortunately, his wasn't the first attempt to leverage crowdfunding for dubious personal gain, albeit it was potentially the most divisive to date.

Regardless, it's left me asking: Is crowdfunding being used as a personal finance strategy?

Having backed two Kickstarters, and one Givealittle this month alone, I have some idea of what crowdfunding is.

READ MORE:
* Givealittle: We'd say no to Israel Folau fundraising page
* The laybuy is back, and we shouldn't be celebrating
* Crowdfunding for funerals on the rise due to increasing costs

Sites such as Kickstarter, GoFundMe, PledgeMe, and Givealittle have transformed the way Kiwis can contribute to ideas that resonate with them, and meaningful causes we care about. Our geographical philanthropic boundaries have stretched to cover an entire nation, and at times help the odd stranded Kiwi abroad.

Together we've achieved a lot, from buying a beach, through to trying to offer some kind of relief when someone's world has been ripped out from beneath them.

For many of us, it's a way to feel as........

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