When I first heard the term crowdfunding (also called crowd investing or crowd financing) I thought it had something to do with music festivals and punters throwing their loose change in a hat at the end of the event. Once I delved a little further into it, I started thinking it was the next wave of group buying or a new form of philanthropy/sponsorship. Quickly, I realised it was much more than this.
While the concept has been around since the late 90s, it’s only really starting to take off. This might be a result of the current economic climate, where money and jobs are scarce, and globalisation and social media are on the rise. You’ve probably already heard of some of the major players, Kickstarter, Indiegogo (US) and Pozible (Australia).
To read the full, original article click on this link: What the hell is Crowdfunding? - News | thevine.com.au
