Crowdfunding is democratizing entrepreneurship.
Last December, a portal desktop computer – that anyone can assemble – called Kano raised $1.5 million on Kickstarter. In July 2014, Bug-A-Salt, a toy like shotgun that shoots salt blasts to kill insects, raised more than half-a-million on Indiegogo.
What these projects have in common is that consumers wanted them – and were willing to pay to have them developed from an entrepreneur’s imagination.
In the last 3 years, the crowdfunding economy has more than tripled to more than $5.1 billion.Tweet This
But what’s hard to imagine is that this market is still in its infancy. The crowdfunding economy is about to undergo a dramatic shift. Keep reading to learn why.
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What will the be impact of crowdfunding on entrepreneurship? Share your thoughts in the comments below, or book a call with one of our crowdfunding experts.Tags: Crowdfunding, infographic, SEC