What is the concept of "Crowd Funding" ?

Crowd fundingis by definition, “the practice of funding a project or venture by raising many small amounts of money from a large number of people, typically via the Internet.”

Crowdfunding is a pooling of funds from a large number of participants (a crowd) to raise funds for a project or new initiative usually through an Internet platform.

Crowdfunding is the practice of funding a project or venture by raising monetary contributions from a large number of people, typically via the internet. One early-stage equity expert described it as “the practice of raising funds from two or more people over the internet towards a common Service, Project, Product, Investment, Cause, and Experience or SPPICE.”

The crowdfunding model is fueled by 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.

In2013, the crowdfunding industry grew to be over $5.1 billion worldwide.

It  means different and many persons to fund a project.

Crowdfunding is very innovative technique for collecting funds from a huge mass of people

this via a specific internet plateforms.

Agreed with all answers given.

Crowdfunding is a way of financing your business through donations of money from the public. This is commonly done through crowdfunding websites.

Generally, you post your business idea as a 'campaign idea' onto the website, with a description of your project. If people want to support your campaign, they can donate money to help you achieve your goal. These supporters are often called backers. On some websites, you need to set a monetary goal, and a time frame to reach this goal by.

It is the practice of raising funds from a large number of people especially over the internet towards a common Service or Project.

All the answers are correct and all the friends he replied shortcut in his own way

Yes it is raising small funds for huge crowd of people.

number of people

Thanks for the invitation

Good question

Agreed with both answers given by

Mr.:Jetley & Mr.:Patel as well too