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Crowd Funding is becoming a more widely used source of capital for creative projects and young businesses.
Crowdfunding is global and growing. Quickly.
There are approximately 600 crowdfunding platforms, which help users raise small sums of money from a group, throughout the world, according to Los Angeles-based crowdfunding and crowdsourcing research firm Massolution.
By the end of 2013, crowdfunding is expected to reach $5.1 billion in funds raised, Massolution reports. Of the $2.7 billion raised in 2012 from crowdfunding sites, more than half, $1.6 billion, came from sites based in North America. Another $950 million came from Europe.
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