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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crowdfunding was our Word of the Day on 06/11/2014. Hear the podcast!
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Recent Examples of crowdfunding from the Web
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Micah Fletcher, who survived the attack and was also listed as a beneficiary of the crowdfunding campaign, relinquished claims to the money in March, his lawyer told The Oregonian/OregonLive.
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In one of the largest studies of its kind, the researchers studied 728 campaigns conducted on Experiment.com, the biggest crowdfunding platform specifically for research.
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The video was pushed out on social media, via emails and seedinvest — a digital equity crowdfunding platform that connects public to investment opportunities.
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Using a crowdfunding campaign back in March, Hasbro raised $4.5 million to build what might be the most impressive Star Wars toy ever—a molded plastic recreation of Jabba the Hutt's sail barge from Return of the Jedi.
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Al Gulachenski, former chief executive of New England Confectionery Co. in Revere, has launched a crowdfunding campaign with the goal of raising $20 million to make a bid for the troubled candymaker.
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Verge began hinting a big partner was coming last month, launching a crowdfunding campaign with a target of collecting 75 million worth of the crypto.
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HyperloopTT is less a traditional business than a elaborate crowdfunding campaign.
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One of Elisabeth’s friends quickly organized a crowdfunding campaign.
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
Seen and Heard
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