Special Report on
Crowd-Funding Concept - Trends
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the necessity of funding startups still exists. One alternative to traditional funding models is "crowdfunding" - crowdsourcing the fundraising process. Like crowdsourcing, crowdfunding is based on the idea of the " wisdom of crowds ." And crowdfunding contends that "the crowd" can be a better source for financial support than traditional funding avenues. As these traditional avenues are often criticized for being based on "who you know" as much as "what you do," crowdfunding promises fundraising that is more transparent, more collaborative, more accessible, and more global. ...
describes the collective cooperation, attention and trust by people who network and pool their money together, usually via the Internet, in order to support efforts initiated by other people or organizations. Crowdfunding occurs for any variety of purposes, from disaster relief to citizen journalism to artists seeking support from fans, to political campaigns. Overview Crowdfunding can replace the need for specialized grant applications or other more formal and traditional fundraising techniques with that of a more casual, yet powerful, approach based on crowd participation. Examples of ... Read More
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- kaitlincordes someone just told me about www.kickstarter.com - love the concept of crowd funding! a little like www.donorschoose.org, another cool site.
JCCC Board of Trustees Meeting 3-26-09
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