What Is Crowdfunding? The Clear and Simple Answer
Crowdfunding is exactly what it sounds like – it’s what happens when a group of people (the ‘crowd’) comes together to raise money (the ‘funding’) for a cause that they believe in. What makes crowdfunding possible is the power of social networks and the internet, which connect people and allow them to raise or donate funds in order to help others overcome hardship and meet their goals.
From raising funds to pay for a vital surgery to fulfilling a student’s dream of attending college, crowdfunding supports all types of needs and aspirations. Here, we’ll cover everything you need to know about crowdfunding, touching on benefits and considerations and looking into specific situations where crowdfunding has changed people’s lives.