Definition of crowdfunding
: the practice of obtaining needed funding (as for a new business) by soliciting contributions from a large number of people especially from the online community
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Recent Examples of crowdfunding from the Web
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Attendees at all events can see Brewing Heritage Trail displays, donate to the crowdfunding campaign, buy raffle tickets a prize basket and buy half-price tickets for Over-the-Rhine brewery tours.
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Bluesmart raised $2.2 million on Indiegogo, a crowdfunding site.
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Furie launched a crowdfunding campaign Monday to raise $10,000 for a new comic book featuring Pepe.
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Furie and his brother, Jason, launched a crowdfunding campaign to raise $10,000 for a new comic book featuring Pepe.
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Local leaders have circulated a crowdfunding campaign to raise money for her family, which has already raised $131,000.
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So there is crowdfunding, small foundations like the Pendergast Fund, hospital-charity programs for the needy, and disease-specific resources.
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For the 5 percent of people with the largest medical bills, crowdfunding is unlikely to come through, or least to come through in a way that solves the financial problem in the long term.
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Perry Chan and Yancey Strickler are two of three founders of Kickstarter, the multibillion-dollar crowdfunding platform.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'crowdfunding.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
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.
First Known Use of crowdfunding
2006
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