Stories tagged
‘campaign contributors’

Venture capitalists or true believers?

Only 308 donors funded
campaign for presidency

by Roel R. Landingin

AS A veteran fund-raiser for presidential candidates tells it, there are fewer awkward moments in the campaign than a meeting between the candidate and a potential donor, especially if they are seeing each other for the first time.

Recalling one such meeting ahead of the recent May 10 polls, the fund-raiser says that what actually lasted a fleeting 15 minutes seemed to take forever. “They talked about everything else except the money,” the moneyman tells the Philippine Center for Investigative Journalism (PCIJ) on condition of anonymity. “At the end, when there was nothing else to talk about, the donor just said ‘By the way, here’s something for the campaign.’”

Read more… | Posted Tuesday, July 20th, 2010
Sidebar

Risky start-ups?

by Roel R. Landingin

A CLOSE look at election spending reports of seven presidential candidates and three political parties in the May 10 polls reveals that election campaigns are funded in the manner and mold of financing for risky business start-ups.

Money comes mostly from personal funds, family members, and friends rather than a wide network of supporters of the political party, organization, or movement. In business, these private-equity sources of funding are ideal for ventures with low success rates but high pay-offs that are usually shunned by banks and the capital markets.

Read more… | Posted Tuesday, July 20th, 2010