Home / Business / Drawing a Crowd: The Crowdfunding Phenomenon Heats Up

Drawing a Crowd: The Crowdfunding Phenomenon Heats Up

In a down economy, it’s difficult for entrepreneurs to access the capital needed to build their venture from the ground up. Luckily, projects can now be funded by a powerful combination of the social internet and generous networks of friends, colleagues, and communities. This model is called “crowdfunding” and is sweeping the startup nation by storm. It seems to be an entrepreneur’s dream, but are there problems in the way?

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