Crowdfunding may be good for paying magical cats' hospital bills and kids' private school tuition, but never before (probably) has a country attempted to escape financial ruin with an IndieGoGo page—until today. And it's not doing that poorly! Via Bloomberg:
A new campaign has been set up on Indiegogo, an online funding website with a mission of "empowering everyone to change the world." With a goal of raising 1.6 billion euros, the "Greek Bailout Fund" aims to do what the Hellenic Republic's creditors apparently cannot.
And, unlike Greece's actual bailout package there are no (austerity) strings attached.
Ha! Greece jokes. Anyway, the crowdfunding campaign—which started two days ago—has already raised 210,000 euros (at the time of this post's writing). OK, never mind, just refreshed, it's at 215,000 euros now. You get the point—it's going fast! Unfortunately, the campaign remains well short of their 1.6 billion euros in seven days goal. But, hey, you never know.
Michael Rosen is a reporter for Fusion based out of Oakland.