Glossary Term:
Crowdfunding

A novel system for inventors and entrepreneurs to bypass traditional funding methods such as venture capital by raising small amounts from a large group of individual backers. Made popular by sites such as Kickstarter, crowdfunding can act as a pre-ordering system, allowing the project's creator to reduce risk by gaging consumer popularity before production even begins.

See Also:

Content © 2012-2019. All Rights Reserved.

Powered by T.O.W.E.R.S. IoTGuide, ThingManager, thingguide and thngguide are service marks. The internetofthingsguide.com domain name is used under license.