Crowdfunding - or people funding - is when several individuals financially support a project, such as a start-up business. Online crowdfunding has become a popular way to get startup capital for businesses and entrepreneurs.
Crowdfunding (also called crowdinvesting) has increased immensely in popularity thanks to social media.
New technology for online payment and increased use of social networking sites have made it easier to people finance both commercial and non-commercial projects.
The Internet is used to raise money for disaster relief is nothing new, we have seen the way back to the beginning of 2001. However, it was only in 2012 that crowdfunding really took off for commercial projects.
How to get financial support through crowdfunding?
One can implement a crowdfunding-action on their own, for example through its own website - for example in the form of "donation buttons" where contributors can support financially via PayPal or any other payment.
The most common way to raise capital in the form of crowdfunding, however, via established sites. Here are some examples:
- Kickstarter.com (USA)
- Indiegogo.com (USA)
- Fundedbyme.com (Swedish)
- Believersfund.com (for mobile applications)
- Symbid.nl (Dutch)
- Crowdcube.com (British)
Bookmark this list! Ctrl+D NOW! It will probably appear even more crowdfunding sites in the near future, when new sites appear they will be added to this list so make sure to bookmark (I use this list myself as a bookmark, and will add once I find new ones worth mentioning).