Friday, September 13, 2013
New crowdfunding page here
Crowdfunding is one of the latest buzzwords to hit mainstream America. In the broadest sense, crowdfunding is a process by which people with ideas can get money (funding) from others (the crowd) to pursue those ideas. More subtly, crowdfunding can a unique mechanism for sophisticated entrepreneurs to market their products. However, crowdfunding is not for everyone.
The new Crowdfunding page (tab above) of this blog is a three part article detailing the ins and outs of this phenomenon. Part 1 of this article defines crowdfunding and discusses the participants involved. Part 2 describes campaigns and their components used by innovators to solicit funding. Part 3 discusses the advantages and disadvantages of crowdfunding and potential pitfalls.