CARY – According to Statisca, ventures in North America raised $17.2 billion last year through crowdfunding campaigns. That’s a 17.4% increase over the previous year. Even with only 22.4% of crowdfunding campaigns being successful (i.e. raising their minimum amount to close), they are still projected to raise over $300 billion by 2030 according to Business Wire.
That kind of exponential growth rate makes some wonder if crowdfunding will eventually replace the need for angel groups and early stage venture capitalists. Will innovation in the US be fueled virtually by micro investors rather than traditional venture funds?
