Prizes, bets and venture capital: how Democrats plan to win
“The old ways of doing business just aren’t cutting it” for the Democratic party, the New York Times wrote. Democrats are acting like a bloated, out-of-touch corporation that has no idea why it’s bleeding customers. The Times article talks at length about several PACs, activist groups and nonprofits that are trying to inject fresh ideas into the Democratic machine. These ideas add up to: knocking on doors and creating targeted digital ads. One functionary from a group called Priorities USA says that he wants the group to function “more like a venture capital firm, making a number of smaller bets on a wide range of initiatives and funding only the best performers – and using the incubation process as a way to learn about what works and doesn’t.