See What’s Out There

In January, Barack Obama raised as much money, $28 million, as Howard Dean raised in his entire campaign last time around. And they have done it using $25 and $50 donors. Think about it. On the one side you have the traditional way to raise money — rich people asking other rich people to give. “Bundling” is when the partner asks all the associates to ante up the maximum to attend a local fundraiser.

An individual may give $2,300 per federal election. So if I give $2,300 to Clinton I am “maxed out” and the only way for me to do more is get $2,300 from my buddies. Lets say I am that law partner and by making a lot of calls I can get 50 people to max out for my candidate. That’s $117,300, including my own contribution. I become a Hillraiser.

The Obama campaign is raising money differently. They have raised lots of money from those small donors. For the Obama campaign to get to $117,300 from $25 donors mean they have 4692 people donating instead of only 51. Wow.

We care about this because we care about using the internet for fundraising and advocacy. What Obama is doing is a major milestone in the development of the web. The internet, only the internet, makes possible this kind of retail fundraising. There would simply be no other way to get people, excited in their own homes, across the country, inspired by speeches and videos, organized enough to get these donations flowing. People wouldn’t write the checks or fill out the forms, but they can click and give, just like they click to buy a book or a Pez dispenser or, in 2008, pay their parking tickets.

The Obama campaign says they have more than 350,000 donors this year so far. 350,000 donors! Holy smoke that’s a lot of donors. And they are talking about this many in just over a month.

What the internet makes possible, the candidate makes happen. The internet didn’t raise the money. Obama’s inspiration activated people and the internet made it possible to turn that excitement into dollars. As I have written before, the Obama campaign has been amazing at using video to make that excitement portable across the web, capturing those moments that get people juiced.

There is a lot to learn from this campaign and at See3 and among other nonprofit communicators we will be studying it for a long time to come.

This entry was posted on Monday, February 11th, 2008 at 5:37 pm and is filed under Video, fundraising, obama, campaign, politics, see3. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.