This is Naked Capitalism fundraising week. 178 donors have already invested in our efforts to shed light on the dark and seamy corners of finance. Join us and participate via our Tip Jar. Read about why we’re doing this fundraiser and what we’ve accomplished in the last year.
Thanks to our loyal readers! We’ve already gotten nearly 200 donations in the first 24 hours (out of our fundraiser target of 1000 donors), and blew past our first goal, which was $12,700 to provide for more technology investments in the site, which will provide for a better reader experience on mobiles and tablets, and faster resolution of other site issues.
Our second goal is $11,000 for travel, and as of 4:30 PM, we already have $300 towards that target. Note that we get lots of invites to conferences, and right now we turn down nearly all but also because it would result in fewer posts (the usual problem of only so many hours in the day) and so we need to provide for blog coverage by paying our writers to do more than their usual duty. And of course, there is also the actual travel cost. Even going to Washington DC on a day trip and having a few meetings (as in cabbing around a bit) is close to a $500 item. And next year, INET (the Institute for New Economic Thinking) will be having its session in Paris. Two year, we had the opportunity to ask Larry Summers a question and see him evade it, so I’m sure we’d learn something, or if not, at least cause trouble. In many cases, the benefit of going to a conference isn’t just attending the sessions, but getting to meet people we may know by e-mail or reputation.
We’ve also had reader meet-ups in New York, London, Washington, and San Francisco. Readers have asked that we do more, and meeting our travel budget will support that as well.
In addition, we have some people whose travel expenses we’d like to fund. Last year, we paid for Lambert to come to New York twice, once to attend a meetup, the other a conference. We have other people who contribute to the site whose travel we’d like to sponsor.
So those of you who have contributed already, thanks again for your generous support, and we look forward to those NC fans who have just found out about the fundraiser to help make the site more successful.