|
|||||
What is crowdfunding?Crowdfunding is raising money from friends and family to fund an idea, cause or business. Donation based is the most common and Kickstarter and Indiegogo are two popular sites. Money given to campaigns on these sites is considered a donation and often there is a perk like a t shirt or your name in the credits of a movie. The most successful campaigns (millions of dollars) have typically been for companies who are offering a product (think presale) in exchange for a donation. kickstarter crowdfunding - meme gifcrowdfunding - videoCrowdfunding - what is it?A person, group, cause or organization that raises money from a lot of people that, on an individual basis, contribute a relatively small amount of money to help achieve the goal. A high school coach needs a new piece of equipment that costs $1,000. The coach creates a listing on a web site that is designed to assist him in these efforts (crowdfunder.com). The coach collects $1,000 from 500 people each contributing $2. What does "crowdfunding" mean?When groups of people who share common interests pool small contributions of money to achieve their common financial goals. Heather is crowdfunding her first CD by asking her fan base, and the people in her community, to contribute 10 dollars each to the project. Crowdfunding - what does it mean?Hipster/tech speak translated to "begging for money over the internet." I really have this great idea for an app that has the potential to make millions, but I don't want to give up any ownership of my company, don't want to hassle with securities laws, or simply can't get capital investors interested. So, I'll just "solicit donations" over the internet by crowdfunding that way I appear legitimate instead of a beggar. |
|||||
www.Definder.net Powered by Urban Dictionary |