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
New Atlas, 16 July 2024
Donations raised through crowdfunding also grew 33.7 percent in 2022, with 6,455,080 crowdfunding campaigns launched across the world that year.
—Celia Ford, Vox, 10 July 2024
After generating considerable buzz early on, Kickstarter’s growth stagnated as the company tried to expand its crowdfunding business.
—Jasmine Ball, Fortune, 14 June 2024
Launching on a crowdfunding site, this innovative device offers New Yorkers a chance to explore the cutting-edge world of AR without breaking the bank.
—Ascend Agency, New York Daily News, 25 June 2024
See all Example Sentences for crowdfunding 
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.
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Cite this Entry
“Crowdfunding.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/crowdfunding. Accessed 26 Jul. 2024.
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