In the age of Trump, startups, community organizations, and activists are rightfully popping out of the woodwork (Millennial Politics included) to make their presence felt. But one key problem many have found is limited access to capital, and therefore a limited ability to make a real impact. Enter New Media Ventures.
New Media Ventures is a network of angel investors actively seeking out progressive organizations to fund The Resistance. They want not only to take advantage of this critical juncture of rampant but oftentimes directionless enthusiasm, but also help accelerate the much-needed progressive change that is long overdue in the United States.
Founded in 2010, NMV has invested in organizations that are already commonplace in our everyday lives. Upworthy, Groundswell, and ActBlueCivics are a few of their older investments. Their latest call for companies was billed “Resist and Rebuild.” NMV hey jumped from having around 100 applicant entries in Fall 2016 to over 500(!) in Spring 2017.
Featured among their newest cohort are our friends at Flippable, who are dedicated to flipping red states to blue as well as Indivisible, which was founded by local congressional staffers aiming to create a strong model for local Democratic grassroots activism under Trump and beyond.
In the era of Citizens United, where dark money, soft money, and who-knows-what-kind-of-money is flooding the political scene with no signs of stopping, it should be no surprise that The Resistance needs its own source of funding. And unlike Super PACs that spend money with reckless abandon solely for the sake of political power, New Media Ventures invests in innovative ideas. They are grounded in their belief that innovation is good for politics, and in turn, good for society.
Think you have a good idea and you want to pitch it to NMV? They’ll have open calls for organizations in the coming months. Keep a look out and make sure to apply when the time is right!