What Startups Can Learn From Billion-Dollar Capital Campaigns

Startups and institutions may seem worlds apart. But both ultimately rely on the same force: belief in a future that does not yet exist. What might founders learn from the environments and experiences that shape billion-dollar capital campaigns?

FIELD ESSAYS

Contemplations | Marie Fe Isla Rae

3/3/20262 min read

a group of people sitting around a table with laptops
a group of people sitting around a table with laptops

What can startups learn from billion-dollar fundraising campaigns?

Over the past few months, I’ve been having conversations with leaders in two very different worlds.

On one side are large institutions — in education, research, culture, civic initiatives — thinking about resilience and how to sustain momentum through uncertain times.

On the other side, somewhat unexpectedly, I’ve found myself in conversations with startup founders and innovators.

At first glance, these two ecosystems seem worlds apart.

One is often measured in decades or even centuries.
The other moves at the speed of experimentation.

One operates through governance structures and long institutional memory.
The other thrives on disruption and rapid iteration.

But beneath these differences lies something surprisingly similar. Both are navigating the same underlying forces: capital, markets, and belief in a future that does not yet exist.

In the startup world, this usually takes the form of fundraising from investors. In the institutional world, it often appears as large-scale capital campaigns — sometimes reaching hundreds of millions, or even billions of dollars.

Recently, a founder asked me a question that caught my attention: How do institutions inspire that level of philanthropic investment?

It’s a fascinating question, and one that goes deeper than messaging or marketing.

In my experience, large fundraising campaigns are not simply about telling a good story. They are about creating a sequence of meaningful moments where belief gradually forms.

A conversation with a visionary leader.
A gathering where the mission becomes tangible.
A moment where a donor begins to see their role in shaping the future.

These moments are rarely accidental.

They are thoughtfully designed environments where relationships deepen, ideas take shape, and people begin to see themselves as participants in something larger than themselves.

In other words, the story matters — but so does the choreography of experiences around that story.

The same dynamic is increasingly visible in the startup ecosystem. Founders don’t just present pitch decks. They host gatherings. They convene communities. They create moments where investors, collaborators, and early supporters can experience the ambition of the idea. Those moments shape how a company’s narrative travels.

Lately, I’ve been exploring this intersection more intentionally. How might the principles behind major capital campaigns translate into the startup world? What would it look like if founders designed the environments where belief in their company emerges — not just the product or the pitch?

This line of inquiry has led me to begin developing something I call the Founder Experience System: a framework for thinking about how narrative, leadership, relationships, and key experiences work together to shape a startup’s trajectory.

It’s still an evolving idea.

But the more conversations I have across both institutional and startup contexts, the more I’m convinced that the same underlying dynamic is at play:

People invest — whether as donors or as venture investors — when they can see themselves participating in a meaningful future.

And often, that belief takes shape not only through words, but through the moments and environments where those words become real.

I’m curious to explore this further in the months ahead, particularly in conversations with founders and innovators in the Vancouver ecosystem and at gatherings both local and international.

I’m particularly interested in hearing from founders: what kinds of moments or experiences have actually shaped belief in your company?

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Contemplations | A field essay by
Marie Fe Isla Rae