Crowdfunding Definition: Crowdfunding and crowdsourcing captures the community and brings them together to form a common goal of funding project/s. The power of the internet has enabled small businesses and entrepreneurs to source funding at a much more efficient and faster rate. Instead of sourcing funding from the conventional methods of Venture Capitalist, Banks or large financial institutions people are now presented with a collaborative cooperation of the crowd, that is Crowdfunding (less commonly known as crowdfinancing).
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