slapstarter.com 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.
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