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.