Ron Paul Rampage (of Fundraising)
This is insane:
That $98 average for $4 million means over 40,000 donors. This Ron Paul thing is officially serious business.
Rep. Ron Paul (Tex.) ended Guy Fawkes Day having done something no Republican has ever done before. He raised almost $4 million over the Internet without spending so much as a thin dime (beyond transaction fees, of course). This sort of thing just isn't done — usually you spend between fifty and eighty cents for every dollar you raise. We can't know for sure until the quarter's end, but Paul is probably leading Rudy Giuliani and perhaps even Mitt Romney in cash on hand at this moment.
It was the largest Internet fundraising day in U.S. history. Paul attracted 40,000 donors who gave about $98 on average. It will be very interesting to see how many unique donors that translates to when the quarter is over — such small donors can and often do give again.
That $98 average for $4 million means over 40,000 donors. This Ron Paul thing is officially serious business.
Labels: 2008 Watch, Ron Paul
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