Crowdfunding has been producing spectacular results almost daily. (See sites like Kickstarter and Rockethub for examples). So what exactly is it?
“Crowd funding or crowdfunding (alternately crowd financing, equity crowdfunding, or hyper funding) describes the collective cooperation, attention and trust by people who network and pool their money and other resources together, usually via the internet, to support efforts initiated by other people or organizations.” - Wikipedia
The new thundering herd. Talk of crowdfunding as a short-lived fad has largely ceased, as evidence mounts that lots of people value personal engagement with projects they help to finance.
#Economist (1-year auto-renewal)
this is why I am purchasing Grim Dawn which raised over 400k on kickstarter.
Not only do I think this is not...fad, but I believe the crowd funding
I’m thinking about doing...either IndyGoGo or Kickstarter…but I don’t know which one
the future. Truly. Seriously cool stuff is being done.