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: -Crowdfunding is a way of raising money to finance projects and businesses. It enables fundraisers to collect money from a large number of people via online platforms. Crowdfunding is most often used by startup companies or growing businesses as a way of accessing alternative funds.

Detailed explanation-3: -While traditional funding sources are one path to raising funds, crowdfunding is another way to get business capital. Crowdfunding campaigns involve seeking funds from family members, friends, neighbors, customers and other individuals with whom you have a relationship to collectively put money toward your business.

Detailed explanation-4: -At its most basic level, crowdfunding is using an online platform to collect small amounts of money from many individuals in order to raise the amount required. Crowdfunding can take the form of donation, reward, or equity-based models. Donation crowdfunding is often used by charities or nonprofits to raise money.

Detailed explanation-5: -There are four main types of crowdfunding, including donation, reward, equity, and debt crowdfunding options.