It is the practice of funding a project or venture by raising small amounts of money from a large number of people, typically via the Internet. Crowdfunding is a form of crowd-sourcing and alternative finance.

It has been used to fund a wide range of for-profit, entrepreneurial ventures such as artistic and creative projects, medical expenses, travel, or community-oriented social entrepreneurship projects. Source: Wikipedia

Why you need Crowdfunding?

7 reasons you should consider Crowdfunding. Source: LittleMight

  1. Validation of your idea
  2. Low financial risk
  3. Build a tribe
  4. Tell your story
  5. Urgency
  6. Promotion & Marketing
  7. Crowdsourced Development

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