Crowdfunding campaigns are more successful today as compared to the normal investment methods and have witnessed funds flowing in billions of dollars for crucial projects. Pledgers have been seen to donate anything between $1 to $10,000 for a project cycle, and with the new revolution of equity crowdfunding gaining momentum, it is attracting new investing class to finance start-ups by purchasing ownership stakes, backed by Title III and Title IV of the JOBS Act.
Apart from the benefits that new businesses and projects reap through crowdfunding campaigns, there are many other incidents and cases that have been supported by the crowdfunding industry leveraging to bring together many helping hands in support of human plight. This growth in the crowdfunding industry is fueled by the generosity of ordinary people to help the others out there, by raising funds online to support each other when a natural disaster strikes. For example, there were more than 850 campaigns launched during the first week of Hurricane Harvey, raising $4.5 million to support and care for rescued pets and rebuilding of homes.
More and more people are turning to crowdfunding where they can share their personal plights to raise small or large funds from donors online, growing into a multi-billion-dollar charity industry.
Read the full article about the success of crowdfunding by Anjli Jain at BW Disrupt.
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