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Inspired by crowdsourcing, crowd funding refers to people pooling their money together, via the Internet, to support the efforts of other people. It has been used for a variety of things from disaster relief to citizen journalism to political campaigns. Crowd funding can replace specialized grant applications and... more Inspired by crowdsourcing, crowd funding refers to people pooling their money together, via the Internet, to support the efforts of other people. It has been used for a variety of things from disaster relief to citizen journalism to political campaigns. Crowd funding can replace specialized grant applications and traditional fundraising with a more casual, yet powerful, approach based on the wisdom of the crowd. This topic discusses the latest trends on crowd funding as it continues to evolve.
© Mark Wickens Over the last few weeks there have been several interesting posts about crowdfunding, and in general a high level of buzz. It’s been encouraging to see some critical analysis from the likes of David Campbell , Tomas van Hourtryve and a few others. The skeptic in me thought that most of commentary on crowdfunding would gloss over some of the challenges in favor of touting the virtues of the shiny new form of funding. Yes, it is certainly an encouraging development with plenty of potential but it’s still very untested and I think anytime we can step back and examine how the model can be refined will only make it more viable in the long run.