Is crowdfunding the future? Certainly, it’s changed the way we underwrite new businesses and causes. Chance Barnett, the CEO of Crowdfunder.com, says, “Collaboration on the web is an area of exponential growth. Crowdfunding, or collaborative funding via the web, is one of the standouts for growth in this evolving collaborative economy.”
With the rise of crowdfunding sites, there’s also a rise in uncertainty about, well, which crowdfunding sites to use? Here’s a primer to keep in mind when you want to solicit help from the people in your network (and beyond), or if you want to exercise your inner venture capitalist to shell out dollars for a worthy enterprise.