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  1. Copilot Answer

    Crowdfunding - Wikipedia

    • Crowdfunding is the practice of funding a project or venture by raising money from a large number of people, typically via the internet. Crowdfunding is a form of crowdsourcing and alternative finance. In 2015, over US$34 billion was raised worldwide by crowdfunding. Although similar concepts can also be executed through mail-order subscriptions, benefit events, … See more

    History

    Funding by collecting small donations from many people has a long history with many roots. Books have been funded … See more

    Types

    The Crowdfunding Centre's May 2014 report identified two primary types of crowdfunding:
    1. Rewards crowdfunding, in which entrepreneurs pre-sell a product or service to launch a … See more

    Role

    The inputs of the individuals in the crowd trigger the crowdfunding process and influence the ultimate value of the offerings or outcomes of the process. Individuals act as agents of the offering, selecting, and promoting … See more

    Platforms

    In 2015, it was predicted that over 2,000 crowdfunding sites would be available to choose from in 2016. As of 2021, there are 1,478 crowdfunding organizations in the US (Crunchbase, 2021). As of January 2021, Kickstarter … See more

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