What is CrowdFunding?

The definition of crowdfunding has been written and re-written online time and time again. We have included the key points and link to the definition which most simply sums up the common question,

What is CrowdFunding?

Crowdfunding is asking a crowd of people to donate a defined amount of money for a specific cause, project in exchange for various rewards.

There are three general categories crowdfunding can fall under: Equity, Donation, and Debt.

Equity-based crowdfunding is asking a crowd to donate to your business or project in exchange for equity.

Donation-based crowdfunding is asking a crowd to donate to your project in exchange for tangible, non-monetary, rewards such as an ecard, t-shirt, pre-released CD, or the finished product.

Debt-based crowdfunding is asking a crowd to donate to your business or business project in exchange for financial return and/or interest at a future date.
The Good

  • Crowdfunding is useful for a variety of opportunities, whether fundraising for disaster-relief, creative projects, creating a salable product, or creating a start-up.
  • Crowdfunding platforms allow you to market your project, generate interest, and receive funds.
  • Crowdfunding backers can provide useful feedback about your project.
  • Once you get a solid base of support, there is no limit to the amount of projects you can fund.

The Bad

  • Crowdfunding your project exposes your ideas potential copycats.
  • Crowdfunding platforms may limit the amount of funds you can receive.
  • Crowdfunding regulations and taxation can be difficult to work with.

The Excellent

  • Crowdfunding is not limited to certain kind of project, there is no discrimination! Only great ideas!
  • Crowdfunding can be fast, efficient, and effective if done right..
  • There can be little risk involved compared to other business ventures
  • The more creativity and fun you have, the more likely you’ll get funded.This is the link and credit to the original posting.

Very basic and comprehensive definition answering the What is CrowdFunding question.
You can also view the Wikipedia Article on Crowd Funding HERE
Not a huge fan of the current Wikipedia article on CrowdFunding but as equity crowdfunding
rules are established by the SEC and more players join the crowdfunding/Social Networking
finance revolution, I am sure the article will greatly improve.
As a side note, I have always felt that Wikipedia is a great example of the “power of the crowd”.


Reviews of crowdfunding sites like Kickstarter, Indiegogo and GoFundMe

Crowdfunding Website Reviews provides information on the best crowdfunding sites and service providers. Ranking and reviewing since 2012. Campaign creators can place a free ad to promote your crowdfunding campaign on our homepage. We encourage platform owners to contact us with new information.

You've got an idea, project, cause or business that you've poured your whole heart in to. You're irrevocably passionate, but faith can only take you so far. Thanks to the alternate universe known as cyber space, you’re never too far from someone that shares your convictions. Better yet, they may be willing to dig deep into their pockets to help you achieve your goal when it may have seemed like all was lost.

Crowd funding sites are on the rise and are a fantastic option for helping you raise the dough for the project you believe in, but haven’t been able to get off the ground. You wouldn’t just give your money away to a stranger, so consider turning the tables and really investigate which site is right for you to gather funds. There’s a plethora of options out there, so choosing one in the ever growing sea of websites can be daunting to stay the least! But there’s hope! Like the strong beam of a lighthouse, reviews site ‘Crowdfunding Website Reviews’ will guide you safely through the stormy waters of the crowdfunding world.

This “does exactly what it says on the tin” review site delves right into its top featured examinations as soon as you land on the homepage, no messing around. Did you know there could be this many sites available to you? Well fear not, all reviews are broken down into easily digestible sectors and held at the top in clear, concise tabs making this site one easy place to navigate. From niche crowdfunding sites, to all the top players in the game, you’ll be able to find the perfect fit. Each review comes with easy-to-understand star ratings covering customer service, cost of use and traffic; as well as a fully informative and analytical breakdown of what the site has to offer, and how well they deliver their service.

This is your chance to fulfill your dream, don’t take it lightly. Inform yourself and rest easy in the knowledge that the people investing in your project are sharing your passion, and so are investing their belief in you. - Jessica A.