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Crowd-Funding FAQ - Trends
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I wanted to use this opportunity to really thank all of you for being part of us, for joining in our belief that entrepreneurism is just on verge of becoming a key social element of positive change and energy in India – all it requires is right focus and support. Today, we are more than 600 members strong. Yes – it makes me proud – that today 600 of us have actually taken pains to understand the revolutionary concept of ‘Crowd-Sourcing’ and are united by the spirit of helping and promoting start-ups in the country. Ofcourse, 600 could just be a drop in the ocean – if we compare ourselves to scenario in developed countries, where ...
refers to a method of raising money for a project by appealing to a large group of people for contributions (ie money). It used to be confined to not for profit organisations and charities but it is becoming a trend in other areas such as the sports, music and film making industries. The use of online communities means that an independent film maker for example can reach out to large numbers of people who might be interested in their project when budgets are tight and finances are scarce. There are hundreds of links and blogs about fan funding but a nice summary can be found on wikipedia here Read More
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