It has become a Web phenomenon, but many people still may not have heard of crowdfunding. In its simplest terms, it is a way an online group of individuals can come together to fund a particular project. To date, most of the projects funded are charitable causes such as free software development, scientific research, disaster relief, the support of artists by a fan base, and civic projects. However, there are other potential uses of this method that could involve the creation of new businesses.
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Using Crowdfunding to Bring Businesses to Life
Posted by: Theodore F. di Stefano April 25, 2013 05:00 AMIt has become a Web phenomenon, but many people still may not have heard of crowdfunding. In its simplest terms, it is a way an online group of individuals can come together to fund a particular project. To date, most of the projects funded are charitable causes such as free software development, scientific research, disaster relief, the support of artists by a fan base, and civic projects. However, there are other potential uses of this method that could involve the creation of new businesses.