Courtesy of TPM.
The term “moneybomb” was ultimately coined in 2007, by online supporters of Ron Paul’s presidential campaign. In this case, Paul supporters would hype a particular date as the day to donate, collect pledges in advance where possible, and then collect the contributions on that date. A Paul moneybomb on November 5, 2007 — timed to coincide with the British holiday of Guy Fawkes Day, which celebrates the defeat of a conspiracy in 1605 to blow up Parliament, and is best known to American audiences for the ironic treatment of the idea in V For Vendetta — brought in over $4 million.
What isn’t known is the first well-known moneybomb was the 3rd or 4th try by Paul supporters. It’s an example of grassroots experimentation along with persistence.
Thanks for the comment, Sean.