![]() ![]() ![]() History A printed receipt 135 × 97 mm issued between 18 to support French philosopher Auguste Comte įunding by collecting small donations from many people has a long history with many roots. ![]() Its use has also been criticized for funding quackery, especially costly and fraudulent cancer treatments. Although crowdfunding has been suggested to be highly linked to sustainability, empirical validation has shown that sustainability plays only a fractional role in crowdfunding. Ĭrowdfunding has been used to fund a wide range of for-profit entrepreneurial ventures such as artistic and creative projects, medical expenses, travel, and community-oriented social entrepreneurship projects. This modern crowdfunding model is generally based on three types of actors – the project initiator who proposes the idea or project to be funded, individuals or groups who support the idea, and a moderating organization (the "platform") that brings the parties together to launch the idea. Īlthough similar concepts can also be executed through mail-order subscriptions, benefit events, and other methods, the term crowdfunding refers to internet-mediated registries. In 2015, over US$34 billion was raised worldwide by crowdfunding. Crowdfunding is a form of crowdsourcing and alternative finance. ( April 2017) ( Learn how and when to remove this template message)Ĭrowdfunding is the practice of funding a project or venture by raising money from a large number of people, typically via the internet. Please help improve it by removing promotional content and inappropriate external links, and by adding encyclopedic content written from a neutral point of view. This article contains content that is written like an advertisement. ![]()
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