crowdfunding
noun
Did you know?
Crowdsourcing and crowdfunding are two words that have recently found their way into the crowded pool of English. Crowdsourcing, which typically refers to the practice of soliciting services, ideas, or content from a large group of people online, was coined by Jeff Howe in a 2006 article in Wired, and crowdfunding was created by entrepreneur Michael Sullivan in that same year. Both words conceptualize "the crowd" as a vast online community from which something needed may be obtained. In crowdsourcing, the crowd is called upon for needed assistance or information. A well-known use of crowdsourcing is Wikipedia, whose content is the result of various contributors. Crowdfunding, on the other hand, involves a more specific request: the crowd is solicited for financial contributions to a particular venture or cause, such as a film project or cancer research.
Example Sentences
Josh Wilson, Forbes, 6 May 2022 The Thunderbolt 4 Power Hub is Hyper's 28th crowdfunding project. Scharon Harding, Ars Technica, 2 Aug. 2022 But a new paper in the Journal of Business Venturing Insights finds that the old advice doesn’t hold true for online crowdfunding. Heidi Mitchell, WSJ, 27 July 2022 John Eastman has now raised $232,000 for his legal defense fund via the Christian crowdfunding site GiveSendGo, after hauling in $50,000 over a 48-hour period this week. Zach Everson, Forbes, 2 July 2022 For final consideration, A Community Thrives asks nonprofits to do some independent crowdfunding. Roxanne De La Rosa, The Arizona Republic, 19 June 2022 Currently, edtech companies raise money through a number of ways, such as venture capital investment and crowdfunding. Mila Smart Semeshkina, Forbes, 6 May 2022 Ukrainian officials have been digitally savvy since the war began, launching various crowdfunding and information campaigns using social media and messaging platforms. Washington Post, 19 Apr. 2022 The new hotel was partly funded by a successful crowdfunding campaign that Red launched in 2016 in response to Vail Resorts’ takeover of Whistler Blackcomb. Washington Post, 3 Feb. 2022 See More Word History
from gerund of crowdfund
2007, in the meaning defined above