funding for big budget projects
From Wikipedia, the free encyclopedia

Crowdfunding (a form of crowdsourcing) is the practice of funding a project or venture by raising monetary contributions from a large number of people, today often performed via Internet-mediated registries, but the concept can also be executed through mail-order subscriptions, benefit events, and other methods. Crowdfunding is a form of alternative finance, which has emerged outside of the traditional financial system.

The crowdfunding model is based on three types of actors: the project initiator who proposes the idea and/or project to be funded, individuals or groups who support the idea, and a moderating organization* (the "platform") that brings the parties together to launch the idea.

*These moderating organizations ("platforms") that bring the parties together to launch these ideas typically charge 5% or more plus credit card fees of 2½% or more.


keeping it simple