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How does crowdfunding work

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Reference no: EM133171495

a. In a nutshell, how does crowdfunding work?

b. Why does it have potential for success? What are the pros of crowdfunding? What are the cons/downsides of crowdfunding?

c. Do you think that crowdfunding is a legitimate way to raise money for social enterprises?

d. Are there any limitations or caveats to using crowdfunding for your social enterprise?

e. There are many, many, many crowdfunding sites out there that try to connect non-profit, social enterprise, and even for-profit enterprises with investors. Critics have complained about the overuse of the crowdfunding method for raising money and that crowdfunding fatigue has set in and the novelty has worn off (Zuckerberg, 2013). Some argue that crowdfunding is just a form of online panhandling that people are tiring of. What do you think?

f. Is crowdfunding a fad or is it here to stay? Give your reasons.

g. What are some 'legitimate' crowd funding sites that you are familiar with or that you have donated to? What appealed to you about the cause or the platform?

h. Find and describe some examples of successful crowdfunding ventures.

Reference no: EM133171495

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