Crowdfunding
Summary
The Internet has turbocharged an old, specialsed form of philanthropy and made it one of the most exciting opportunities for ideas businesses today.Key Concepts
- Online crowdfunding is a new spin on a very old idea.
- It began as a philanthropic model of funding for artists and scholars.
- In its new form, crowdfunding has the potential to transform early-stage financing for ideas businesses.
- Typical crowdfunding schemes set a threshold and contributions are only collected from sponsors once that threshold is exceeded.
- The social networking elements of online crowdfunding can bring unexpected introductions and benefits to someone with ideas.
- New services are extending crowdfunding to explore models of commercial investment.
