crowdfunding

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

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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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.

Examples of crowdfunding in a Sentence

Recent Examples on the Web

On the first day, the crowdfunding page raised enough for the bond. Pamela Ren Larson, azcentral, "These moms united to help immigrant mother rejoin separated kids in NYC," 6 July 2018 Bayaraa’s friends have responded to the deadly crash by setting up a crowdfunding page that has raised more than $13,000 as of Sunday. William Lee, chicagotribune.com, "No bail in fatal DUI crash in Logan Square involving rideshare car," 10 June 2018 Wellwishers have donated more than $47,000 through a crowdfunding page to support the family's future. Fox News, "Toddler who lost arms, legs to meningitis heads home," 1 June 2018 Haneefah McCrary, Aliyana’s mother, launched a crowdfunding page to raise money for Aliyana’s registration fees and gown. Cassie Owens, Philly.com, "This Bucks County teen isn't letting sickle cell stop her pageant dreams," 17 May 2018 The crowdfunding effort provides for development and some of the budget, but the filmmakers will seek investors' help as well. Domenica Bongiovanni, Indianapolis Star, "Hollywood's Duplass Brothers will produce a movie that will be filmed in Indy," 16 Jan. 2018 That’s no less true of The ORB, an inflatable mirrored sphere that BIG architects Bjarke Ingels and Jakob Lange are hoping to bring to life through crowdfunding. Alex Bazeley, Curbed, "This Burning Man orb by Bjarke Ingels and Jakob Lange seeks your crowdfunding dollars," 5 July 2018 Over the last week and a half, net neutrality advocacy group Fight for the Future has put pressure on Santiago, and launched a crowdfunding effort to shame him for gutting the legislation. Makena Kelly, The Verge, "A revamped California net neutrality bill is moving forward again," 5 July 2018 In fact, a crowdfunding effort was put in place earlier this year. refinery29.com, "What We Know About Stacey Dash's Controversial Film About Roe v. Wade," 3 July 2018

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.

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First Known Use of crowdfunding

2006, in the meaning defined above

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Last Updated

14 Sep 2018

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The first known use of crowdfunding was in 2006

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