Crowdfunding essentials

Crowdfunding enables people to invest and contribute monetarily in various denominations to projects they wish to support. Crowdfunding is normally done via an online tool or platform. [Vinay Dora Kandiyanallur]

Crowdfunding describes the collective cooperation, attention and trust of people who network and pool their money and other resources together, usually via the Internet, to support efforts initiated by other people or organizations. [Wikipedia/Crowdfunding Law & Legal Definition US]

Financial contributions from online investors, sponsors or donors to fund for-profit or non-profit initiatives or enterprises. Crowdfunding is an approach to raising capital for new projects and businesses by soliciting contributions from a large number of stakeholders following three types of crowdfunding models: (1) Donations, Philanthropy and Sponsorship where there is no expected financial return, (2) Lending and (3) Investment in exchange for equity, profit or revenue sharing. [Industry website crowdsourcing.org]

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