What is Crowd Funding?

Crowdfunding allows regular people to raise money [usually via the Internet] for the personal projects, ideas, events and initiatives that matter to them most. Supporters donate to the people and causes they believe in. Crowdfunding helps people and business collect the money needed to bring their fundraising ideas to life.

For example President Obama got into the White House due to raising the money needed via crowd funding.

A quote from the BBC at the time of the election (Thursday, 19 June 2008 ) underlines the point:

Mr Obama has so far raised an unprecedented $265m (£134.5m) in donations in his presidential race, most of it from small donations given over the internet.