BlogArchive for August 2011
Classification of crowd Funding
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Crowd funding is classified into four distinct categories. Based on the category money is lent for different causes such as charity, consumer lending, creative support and business growth.
a) Charity and social investment :
Charity and social investment oriented Crowd funding is based on charity. Social inve...
Experiences and character traits play a vital role in the emergence of an entrepreneur.
There is a universal debate across geographies on what contributes to the emergence of successful entrepreneur. Research carried at different places tends to deliver mixed opinions on the characteristic features of an entrepreneur. Passion, planning, team building, negotiation, financial acumen, willingness to learn, always look for new opportunities, and no fear...
Funding, Technical know-how, People are the touching stone for success in business.
The biggest barrier to growth is access to finance. The nature of business influences entrepreneurs to constantly look for cash in order to expand, grow and contain raising costs etc. Survey conducted across major cities in Britain shows that of out of those who had applied for finance only very few percentage of business had got approval for loans. Access to cash is the major pro...
The crowd-funding concept had its roots in United States in 2004 and 2005. And it slowly spreads across the world. Today, Europe and rest of the world is driven by strong growth and has approximately 23 % market share in terms of volume of money raised.
The estimated volume of transaction through crowd funding platform and Peer to Peer lending (P2P) in United States is about 1.16 billion Euros in 2009. Industry watchers predict this industry to grow around 4.5 billion Euros by 2013.Official data’s about crowd funding hardly exist in Europe. As per our in house Research on top 10 crowd funding platforms in Europe, the top players collected money worth around 260 million Euros. I.e each of the players collected 1 million Euros a month....
What is crowdfunding?
Crowd funding is quite new and an emerging concept. It is hard to find valid, and relevant information on it. Here you will find my crowdfunding definition. If you have any comments or suggestion please do not hesitate to share with us.
“Crowd “/”Funding” literally implies (large group of people) who fund a project by making individual contribution of money.
The small amount poured by individuals towards the project accumulates into a bigger amount so as to finance a projec...