crowdfunding
noun
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Crowdsourcing and crowdfunding are two words that have recently found their way into the crowded pool of English. Crowdsourcing, which typically refers to the practice of soliciting services, ideas, or content from a large group of people online, was coined by Jeff Howe in a 2006 article in Wired, and crowdfunding was created by entrepreneur Michael Sullivan in that same year. Both words conceptualize "the crowd" as a vast online community from which something needed may be obtained. In crowdsourcing, the crowd is called upon for needed assistance or information. A well-known use of crowdsourcing is Wikipedia, whose content is the result of various contributors. Crowdfunding, on the other hand, involves a more specific request: the crowd is solicited for financial contributions to a particular venture or cause, such as a film project or cancer research.
Examples of crowdfunding in a Sentence
Elisabeth Rosenthal, Fortune Well, 13 Feb. 2024
But, for those who discover brands early on; whose consistent purchases, crowdfunding contributions, and word-of-mouth endorsements contribute to a growing buzz, the resulting sense of pride and ownership is, perhaps, fair.
—Ebony Flake, Essence, 29 Mar. 2024
In every crowdfunding case, Palestinians will rely on contacts abroad to help set up the campaign and receive donations on their behalf.
—TIME, 25 Mar. 2024
The Ukrainian government said in September that crowdfunding had accounted for 3 percent of Ukraine’s total military spending since the war began.
—Daria Mitiuk, New York Times, 7 Mar. 2024
Mack, the human rights lawyer, said crowdfunding has significantly bolstered the settler outposts.
—Julia Frankel, Quartz, 22 Feb. 2024
The idea is that each company will have a crowdfunding round.
—Trevor Clawson, Forbes, 24 Feb. 2024
Advocates now say that many of the entities involved in the crowdfunding operation could face sanctions.
—Julia Frankel, The Denver Post, 22 Feb. 2024
In its most basic form, crowdfunding — gathering small gifts for a cause or to help someone — isn't new.
—Thalia Beaty, Quartz, 6 Feb. 2024
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'crowdfunding.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Dictionary Entries Near crowdfunding
Cite this Entry
“Crowdfunding.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/crowdfunding. Accessed 24 Apr. 2024.
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