Quantcast
Merriam-Webster Logo
  • Dictionary
  • Thesaurus
  • Medical
  • Scrabble
  • Spanish Central
  • Learner's Dictionary

crowdfunding

play
noun crowd·fund·ing \ˈkrau̇d-ˌfən-diŋ\

Definition of crowdfunding

  1. :  the practice of soliciting financial contributions from a large number of people especially from the online community



Did You Know?

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.

2006

First Known Use of crowdfunding

2006


Seen and Heard

What made you want to look up crowdfunding? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

the Celtic May Day festival

Get Word of the Day daily email!

WORD GAMES

Take a 3-minute break and test your skills!

image567572573

Which of these is a synonym of unctuous?

oily prompt maudlin angry
Name That Thing

Test your visual vocabulary with our 10-question challenge!

TAKE THE QUIZ
SCRABBLE® Sprint

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ