Crowdfunding is a collective concept of people who pull their resources and money together. This is mostly through the internet in order to support the activities of other people. It is a concept that has greatly assisted entrepreneurs, filmmakers, authors, and musicians to complete projects that could have otherwise fallen by the wayside.
With crowdfunding, an individual can attract a big number of people, who can contribute towards a certain funding target. At the same time, the contributors will retain a small stake in the business that they are contributing towards.
With the current tough economic times, business crowdfunding services have quickly gained popularity, acting as an alternative method of raising funds for a business, ideas, projects, or real estate investments. It has been popularised by online sites such as Wefunder, Crowdfunder, Kickstarter among others. Read More