crowdfunding
raising money from many small online contributions
In more detail
1. (noun) a way of raising money for a project or business by getting many people to contribute small amounts of money, usually through the internet
Examples
- 1. The startup used crowdfunding to raise $50,000 for their new app.
How to use crowdfunding
Crowdfunding refers to raising capital by soliciting contributions from large numbers of people, typically via online platforms like Kickstarter or Indiegogo. It is commonly used for creative projects, startups, and social causes, and emphasizes democratic participation and community support. The term carries a neutral to positive connotation, suggesting grassroots enthusiasm rather than institutional backing.
Common phrases
- crowdfunding campaign
- crowdfunding platform
- launch a crowdfunding campaign
- support a crowdfunding project
- successful crowdfunding
Synonyms
collective funding · community financing · grassroots fundraising · social fundraising
Opposites
venture capital · bank loan · private investment
Word family
crowdfund (verb) · crowdfunded (adjective) · crowdfunder (noun)
A common mistake
Learners sometimes confuse crowdfunding with charitable donations or grants, but crowdfunding typically involves reciprocal arrangements where backers receive rewards or equity in return for their contributions.
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