Did you know that crowdfunding has raised more than $34 billion for entrepreneurial projects only in the past six years? Or that the first recorded instance of crowdfunding took place in 1755 when supporters of a public library in England raised money to prevent its closure? Crowdfunding is a dynamic and growing industry, and there are lots of fascinating facts about it that you may not know. If you’re looking to raise funds, there’s a lot more about crowdfunding that can fascinate you, including our 13 amazing facts!
What is Crowdfunding? – Raising money, getting funding, and investing
Crowdfunding is a method of financing a project, venture, fundraiser, or a loan by raising money from a large number of people, typically in-app – online. Crowdfunding has become a popular way to finance all sorts of projects, from start-ups and small businesses to charitable causes and personal loans.
When choosing a crowdfunding platform, you should consider the fees charged by the platform. Some platforms charge a percentage of the money raised, while others charge a fee. There are also some platforms that don’t charge any fees at all.
13 Amazing Facts About Crowdfunding
Crowdfunding is a popular way to raise money for all sorts of different causes, from charitable projects to business ventures. In recent years, it has become an increasingly popular method of financing. You’ll find these facts about crowdfunding quite educating.
Here are the 13 amazing facts about crowdfunding:
1. Crowdfunding platforms like Kickstarter and Indiegogo have raised billions of dollars for all sorts of projects.
2. In 2012, over $2 billion was raised through crowdfunding, and that number has grown exponentially in recent years.
3. Crowdfunding is a great way to fund small businesses and start-ups. In fact, many successful companies have gotten their start with crowdfunding campaigns.
4. Crowdfunding is also a popular way to fund charitable projects and causes.
5. Crowdfunding has been used to finance everything from films and music albums to scientific research and space exploration.
6. One of the most successful crowdfunding campaigns ever was for the Veronica Mars movie, which raised over $5 million.
7. The Pebble Time smartwatch Kickstarter campaign was the most successful crowdfunding campaign of all time, raising over $20 million.
8. Some crowdfunding platforms are open to anyone, while others are only open to accredited investors.
9. There are a number of different types of crowdfunding, including debt-based, equity-based, and reward-based crowdfunding.
10. Crowdfunding is regulated by the SEC in the United States.
11. There are a number of risks associated with crowdfunding, including the risk of fraud and the risk that projects will not be completed as promised.
12. Crowdfunding is not a guaranteed way to raise money, and there is no guarantee that your project will be funded.
13. However, if you do a good job of marketing your campaign and attracting backers, there is a good chance that you will be successful in raising the money you need.
Wrap Up
Crowdfunding is a great way to raise money for your business, product, or cause. But it’s not as easy as just putting up a campaign and sitting back and waiting for the donations or investment to roll in. There’s a lot of work that goes into a successful crowdfunding campaign, from planning and strategizing to creating video content and promoting your project.
