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Over the last twenty years, the internet has changed the way we do almost everything; so why should fundraising be an exception? Crowdfunding, as it’s known, is a term that describes a group of people coming together online to financially support everything from artistic ventures to fully-realized opportunities by entrepreneurs or businesses. The concept is pretty simple: the person or group seeking investments sets up an online profile on crowdfunding websites such as Kickstarter, Indegogo or AngelList and then describes—in detail—the opportunity they’re soliciting funds for. At this point, anyone with internet access becomes a prospective investor. While the process of raising small investments from a large number of investors isn’t new, crowdfunding differs from traditional models of financing because it has a strong social networking component built into it. Crowdfunding can essentially be broken down into four models:
With seed money hard to come by these days, most Entrepreneurs are making full use of new resources available to them: crowdfunding websites. Most of us are well aware what exactly crowdfunding is, but just in case you haven’t heard of it…crowdfunding is basically a community that funds ideas, dreams, and projects. 1. WeFunder A crowdfunding site for startups.