ENTREPRENEURSHIP

Detailed explanation-1: -Crowdfunding is the use of small amounts of capital from a large number of individuals to finance a new business venture. Depending on the type of crowdfunding, investors either donate money altruistically or get rewards such as equity in the company that raised the money.

Detailed explanation-2: -With this method, people give an online contribution in return for a reward. The rewards may differ depending on how much is given – but often include the product or service you’re planning to launch. For some people, this has taken over from going to family and friends to get a project off the ground.

Detailed explanation-3: -Crowdfunding involves collecting money from a group of donors in an effort to raise capital. Crowdfunding sources can include those who have an interest in your business: friends, family members, investment groups and personal investors.