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    Posted April 18, 2014 by
    thePRM

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    Crowdfunding Can No Longer Be Ignored As The New Investment Capital

     
    It is believed that the first ever ‘crowdfunding’ campaign took place in 1997 when a British rock band launched a campaign to collect fund for their concert. They raised over $60,000. Fast forward to 2014 and it is become a billion dollar industry.

    In a span of 3 short years crowdfunding has went from $1.5 million in profits in 2011 to a potential of $10 billion in crowdfunding transactions forecasted for 2014.

    Slava Rubin, the founder of Indiegogo, one of the leading crowdfunding sites in the world had this to say, “2013 was a banner year for crowdfunding as we saw the world grow increasingly comfortable voting with their dollar to fund what matters to them. At Indiegogo, the number of campaigns on our platform grew across industries and geographies. Since equity crowdfunding hit the national agenda two years ago, Indiegogo has grown by more than 1000%, clearly demonstrating that democratizing funding is a great thing for our economy.”

    That’s right, that is not a typo, that is a growth of 1000% for Indiegogo. Same is happening across many other crowd funding platforms.

    In the news, there seems to be a story every day about a crowdfunding project whether it be to help out those affected in the Boston Marathon or a project geared towards improving our everyday lives.

    Even the U.S. government has taken notice of crowd funding and has recently passed the JOBS Act, Jumpstart Our Business Startups, which gives the ability for the general public to receive company equity in exchange for funding. It is no coincidence that the equity crowdfunding has joined rewards and donation based crowdfunding projects. Once the JOBS act is in effect, entrepreneurs will be able to sell common stock without having to go public. Make no mistake about it, these policies have been etched and devised with equity crowdfunding in mind.

    Crowd funding has created so many possibilities for so many people. There are no boundaries and there is no certain class, race, gender or age that crowd funding stops at. All walks of life are moving towards crowd funding to help attain whatever goal or idea they want to share with the world. Whether it is to fulfill a product dream, pay for school, pay for medical bills, help a charity or community, or just to eat a chicken burrito everyone (including you yourself who is reading this report) is realizing the power in people, in good and in crowdfunding.


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