This website uses cookies to ensure you have the best experience. Learn more

What Is Crowdfunding? Essay

713 words - 3 pages

Crowdfunding
Crowdfunding is basically the process of pooling finances from public or “crowd” where the finances are utilized to generate revenue to start a company, invent a product or for a social cause. The growing popularity of the crowdfunding technology can majorly be attributed to the social media, information technology and the cost-effective nature of the process. The government also recognized crowdfunding as a way to provide capital for underserved market areas and hence proposed the JOBS act in 2012. The act proposes regulations on how the crowdfunding should be done so as to protect all the participants involved in the crowdfunding process including the investors , ...view middle of the document...

Though the concept of crowdfunding existed even in the past, the growing popularity of the social media, usage of cloud technologies and big data has contributed to the effective usage of crowdfunding by making it feasible and easy for the general public to become a participant of the crowdfunding. However crowdfunding also comes with a few disadvantages which can be dealt with a proper framework. The ideas of an invention or a new product can very easily be stolen from the crowdfunding platform which cannot be avoided unless a patent is obtained for the product even before the necessary capital is obtained to build the product. Many companies might not want to disclose the stage of the product or the actual details of construction for the same reason and this might result in a non-transparent relation between an organisation and an investor. As the social media and cloud technologies is making it so easier for the backer to fund money, most of the times people who do not have enough knowledge on...

Find Another Essay On What is Crowdfunding?

What Is Kickstarter And How Does It Work

1551 words - 7 pages who are behind Kickstarter, they invest their time and talents in providing information that is solicited by creators and backers concerning projects that they are involved in. They continuously look for other projects that they can share with people who are into arts and all its branches. Chapter 4: What Is Indiegogo And How Does It Work Indiegogo is another crowdfunding site or platform. This is where people who are into funding raising

Using Challenge Driven Innovation to Optimise New Product Development

696 words - 3 pages . This method eliminates the need for test marketing of new ideas. • Contests and prizes: Firms advertise projects with an inducement of some price. This is a great platform for idea generation and discussion of various solutions. This method favours software and device based tech firms. Companies such as Microsoft, Nokia and IBM have used this avenue to get ideas and solutions to some challenges in the industry. • Crowdfunding: This is a source of

Science: A Communal Effort

2297 words - 10 pages Introduction It’s a nice, sunny day out on the Appalachian Trail in Virginia, USA, and avid hiker David Helms is on a mission. He walks mile after mile until stopping suddenly at what seems like the middle of nowhere. Pulling out a global position system device, he checks his own location as he leaves the safety of the trail and ventures out into a foray of trees and brush. Pushing aside leaves and branches, he finds a track of deer prints and

Crowd Funding for a High-risk Fast Growth Business

2561 words - 11 pages ' funds business on the ground that the business idea is viable and profitable. They also advise the enterprise management on the market demands and risk paths. Their major policy was to fund high-risk fast-growth companies with financial capital to run them. Introduction of crowd-funding in an environment controlled by venture capital would create a new twist in the entire business field. However, this study is done to evaluate on to what extent

Marketing Thinking

9495 words - 38 pages interesting ones. We'll use these questions later to see how your questioning is changing.Your list of ten interesting marketing questions:What is our competitive edge (what differentiates us)?Who are we targeting?What is an effective price point?Where / what channels should we use?Which medium will likely be most successful for our advertising?Who are our competitors?What needs are we fulfilling in the marketplace?Should we apply an existing

abcdfg

8692 words - 35 pages Do you have an idea for... u a book? u developing higher education Website content? u producing a multimedia project that you feel would appeal to the audience in your field? Or would you like to be a member of our review panel to help us evaluate and shape manuscripts or electronic content? If your answer is yes, we would like to invite you to be our partner in publishing. What can McGraw-Hill offer you? u A brand name that is long established

When the Bubble Burst

1539 words - 6 pages their homes? I then realized that it was to keep the cycle of bad loans going, and not making the banks learn their lesson for making the bad loans. The banks are still getting cash from subprime lending and continue to make highly leveraged investments. What incentive do bowers have to continue to make payments on something that is far less value than it was originally? Who will lend to consumers with poor credit in a weak economic environment

phase diagram

4456 words - 18 pages outside of the beaker, which at times made it difficult to see what was happening in the test tube containing the solution. Crystallization starts near the walls, and on the surface of the solution making it impossible to see if there is more than one set of crystallization temperatures for a mixture. The GLX temperature probe reports temperatures to the nearest .1°C making the probe’s uncertainty .05°. For example, if the actual temperature of the

Revolutionary Work of Art

1890 words - 8 pages : The desire of the present-day masses to “get closer” to things spatially and humanly, and their equally passionate concern for overcoming each thing’s uniqueness by assimilating it as a reproduction…The stripping of the veil from the object, the destruction of the aura, is the signature of a perception whose “sense for sameness in the world” has so increased that, by means of reproduction, it extracts sameness even from what is unique. (1055

Enlightenment Thought in New Zealand Schools

1594 words - 6 pages right to use their own judgment and reasoning not just accepting what others say and whet they are told. Kramnick (1995) stated that enlightenment intellectuals believed “human reason, not faith or tradition was the principle to human conduct.” (Kramnick, 1995, p.xi). This focus on the individual is summed up by Kant (1995, p.1) said “Have courage to use your own reason.” This in other worlds is telling people to think for themselves. With the

Psychological Egoism Theory

2240 words - 9 pages cite a situation where an individual will act in a way that is totally unsatisfying to him. A psychological egoist does not see an exclusively altruistic action no matter the degree of inclination (Smith, 1898). For example, a person who helps her friend out of a problem may seem to have done this purely on altruistic grounds. After all what reason would anyone have in getting concerned with another person’s problems? The answer to this is that

Similar Essays

What´S Internet Crowdfunding Essay

1187 words - 5 pages Individual case assignment We discuss about Crowdfunding, internet crowdfunding, process to get funding on internet, models of crowd funding, project that succeed greatly, advantages and disadvantages. Crowd funding, Crowd sourcing, Peer to Peer funding and so on have many names but only one definition that is rising expenditure for a project which may be creating or producing a movie, song, new invention, product or an idea from many people in

Other Crowdfunding Sites Essay

1608 words - 7 pages similar parameters. Donations – this model is patterned after the common style of fundraising as it applies to creative industries all over the world. People are encouraged to offer monetary assistance for a cause or a project. Simple Steps in Getting Started With Crowdfunding Choosing your model – when it comes to crowdfunding, it is important that you have an idea of what model you will use. What will work best when it comes to your project

Starting A New Business: Crowfunding Essay

855 words - 4 pages To start any new business of their own, people back step for one main reason “funds”. In spite of having a very clear picture on what business to start, people being naive have their concerns towards how to start. One such solution for this problem is “Crowdfunding”. This method helps in raising the funds for the new businesses being started by gathering small amount of funds from large group of people over the internet (Turban, Volonino & Wood

Kickstarter: An Active Yet Risky Forum For Venture Capitalism Success

1941 words - 8 pages . 1-19). Polity. Firth, N. (2012). (2012, April 4). Crowdfunding successes show value of small donations. NewScientist Tech. Retrieved from http://www.newscientist.com/article/mg21328585.700-crowdfunding-successes-show-value-of-small-donations.html#.UomEu5RoSuB O’Reilly, T. (2005, September 30). What is web 2.0 design patterns and business models for the next generation of software. O’Reilly Media, Inc. Retrieved from http://oreilly.com/lpt/a