“The lottery is essentially crowd funding for a random person to become a multi-millionaire”

A plaque remaining from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem.

Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006. Now a Popeyes fast food restaurant on Google Maps.

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Above, Big Apple Corner at 54th Street and Broadway in Manhattan. Google Maps. Stolen and missing, 2021-2024.

Above, John J. Fitz Gerald, from the Aug. 15, 1931, Binghamton (NY) Press, pg. 14.

Listen to Robert Emmerich introduce "The Big Apple," a hit song from 1937. Music written by Bob and performed by Tommy Dorsey's Clambake Seven with Bob on piano. Lyrics written by Buddy Bernier and sung by Edythe Wright. Audio provided by Dorothy Emmerich.

Also listen to a 1937 "The Big Apple" song by Ozzie Nelson and his Orchestra. See a 1929 photo of John J. Fitz Gerald and a 1931 photo of John J. Fitz Gerald.

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Entry from October 08, 2017

“The lottery is essentially crowd funding for a random person to become a multi-millionaire”

The lottery has been compared to crowdfunding. “If you think about it, the lottery is just a form of crowdfunding. You’re just funding some random person hoping it’ll going to be you” was posted on Twitter on December 18, 2013.

“The Lottery is essentially crowd funding for a random person to become a multi-millionaire” was posted on Reddit—Shower Thoughts on January 11, 2016.

Wikipedia: Crowdfunding
Crowdfunding is the practice of funding a project or venture by raising many small amounts of money from a large number of people, typically via the Internet. Crowdfunding is a form of crowdsourcing and of alternative finance. In 2015, it was estimated that worldwide over US$34 billion was raised this way.

Although similar concepts can also be executed through mail-order subscriptions, benefit events, and other methods, the term crowdfunding refers to Internet-mediated registries. This modern crowdfunding model is generally based on three types of actors: the project initiator who proposes the idea and/or project to be funded, individuals or groups who support the idea, and a moderating organization (the “platform”) that brings the parties together to launch the idea.

Twitter
Evan Zhou‏
@evanczhou
If you think about it, the lottery is just a form of crowdfunding. You’re just funding some random person hoping it’ll going to be you.
6:41 PM - 18 Dec 2013

Twitter
Sanna-Mari Jäntti‏
@sannamarijantti
The National Lottery is possibly the most successful example of crowdfunding ever http://ft.com http://on.ft.com/1v6HPsU via @FT
3:01 AM - 22 Nov 2014

Twitter
Josh Darko‏
@JoshDarkoUK
Replying to @MattPlaysDead
@MattPlaysDead the lottery is technically crowd funding. How dare you! #ShadyMatt
8:06 PM - 22 Aug 2015

Reddit—Shower Thoughts
The Lottery is essentially crowd funding for a random person to become a multi-millionaire.
submitted January 11, 2016 by Eagle115

Reddit—Shower Thoughts
The lottery is actually just a crowdfunding platform to let one person become a millionaire.
submitted February 3, 2016 by XDfaceme

Reddit—Shower Thoughts
The lottery is basically just crowd funding one person’s mega wealth
submitted October 7, 2017 by Mckbck

Posted by Barry Popik
New York City • Banking/Finance/Insurance • Sunday, October 08, 2017 • Permalink

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