Let’s say you woke up with an idea so innovative that you decided right then and there to put it to work. However, it dawns on you that it would be next to impossible since you don’t have enough funds to invest in your project. Here’s where crowdfunding can help.
Crowdfunding is an alternative method of financing. It implies inviting a lot of people to invest or donate money to finance a startup business venture, usually via the Internet. In return, when the business succeeds, it can pay back the funders, share the profits with them, or give them some products for free.
Other interesting terms…
