Crowdfunding

Definition

Crowdfunding is a method of raising money for a project or venture by collecting small amounts of money from a large number of people through an online platform. It allows individuals or organizations to gather financial support for their ideas or initiatives.

Related terms

Kickstarter:

Kickstarter is a popular crowdfunding platform that focuses on creative projects such as art, music, film, technology gadgets, etc.

Indiegogo: Indiegogo is another well-known crowdfunding platform that supports various types of campaigns including creative projects, charitable causes, entrepreneurial ventures, etc.

Donation-based Crowdfunding: Donation-based crowdfunding involves collecting funds without offering any financial return or equity in exchange for contributions. It often supports charitable causes or personal needs.