Crowdfunding is a way of raising small amounts of funds from a large audience in order to support a particular cause. Crowdfunding, is often used when you need to create initial funding for start-up ideas, often ones that are in the early stages of their development. In recent years, crowdfunding has transformed the way of raising capital by getting funding from multiple participants and eliminating entities such as banks and venture capitalists.
Crowdfunding can be organized for any kind of initiative, including charity, the arts, and community-based projects. Depending on the organization's intentions, various types of crowdfunding can be used, such as the following:
- Reward-based, in which the supporters of the crowdfunding campaign are rewarded with goodies or early access to the product itself. Online platforms such as Kickstarter and Indiegogo offer reward...
