Millennials invented crowdfunding. Crowdfunding is a product of the internet, and there was no internet before the time of millennials, so that age group is responsible for almost all the innovation that's happened on the world wide web. Crowdfunding is a great idea; it helps projects get money they'd never be able to raise elsewhere, and it helps people in severe need. Many charities rely on it. With all of that in mind, why do some people feel that millennials are now killing the concept?
If some (probably Boomer) analysts are to be believed, crowdfunding websites are now full of people asking for money for basic expenses. We have people trying to crowdfund their rent, or their tuition fee money. This isn't what the format was invented for, and the multiple 'questionable' funding requests are drowning out all the worthy causes. Over time, this is starting to make people suspicious of crowdfunding. Are the analysts right? Only time will tell.
To insure one’s house, one’s car or to underwrite a life insurance policy, that is common practice. But who would pay an insurance premium for his/her thumb, legs or smile? Stars, of course.
At the top of the ranking are the legs of Mariah Carey, worth 810 million USD: The diva became, in 2006, the Gillette brand muse for the advertising campaign «Legs of a Goddess». She then took out an insurance policy with London Lloyds to protect her legs, a decision that is far from being insignificant. Among its customers, the London insurer then included several icons of music, such as Bob Dylan or Rod Stewart.
David Beckham’s body insured for 195 million USD: European champion with Manchester United in 1999, David Beckham was in 2006 the most renowned footballer of the planet. In relation to his sporting activities, he took out an insurance cover for his legs. The huge amount paid for his insurance would reportedly exceed the 103 million USD disbursed by Real Madrid for the cover of Christiano Ronaldo in 2009. The fashion model would later extend his insurance cover to his entire body.
15 million USD in insurance for Kim Kardashian’s curves: The curves of Kim Kardashian are her number one beauty asset. The reality TV star, who is crazy about plastic surgery, has underwritten an insurance policy worth 15 million USD to protect her famous butt.
The culinary critic Egon Ronay assured his taste buds: The famous Hungarian culinary critic has insured his taste buds since 1957, for the amount of 400 000 USD. An original insurance policy which allows him to cover his sense of taste without which he will no longer be able to practice his job.