Definition: Crowdfunding - Examples & Advice | Bolder Money

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Definition

Raising small amounts of money from many people, typically online, to fund a project or business.

What to consider

Research the platform and the project before contributing funds.
Understand the potential risks and rewards involved.
Stay updated on the campaign’s progress for transparency.

Real world scenarios

When launching a creative project, Ben turned to crowdfunding and raised enough money from supporters online to bring his vision to life.

Related terms

Entrepreneurial Finances

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