What is Crowdfunding
Crowdfunding is the process of funding a venture or project by raising small amounts of money from a large number of people.
Crowdfunding for startups is a common practice, and it’s also often used by inventors, entrepreneurs, musicians, filmmakers, artists, and charities. There are many types of crowdfunding available. Let’s take a quick look at four of the main ones.
1. Donation-Based Crowdfunding, 2. Reward-Based Crowdfunding, 3. Equity-Based Crowdfunding & 4. Peer-to-Peer Lending base crowdfunding.
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