Questions

What is crowd funding?

Asked by Sunil Limaye, in Others
Hi, I just now the word crowdfunding . Can one explain whether it can be used to collect aid for patients in need? I have come across a situation where one of our college mate is admitted to hospital and needs financial aid for further treatment. His family needs financial support.

Answers

Amy H. Advanced  Editor
Yes, it can be used to collect aid for patients in need.Submit the requested information on the platform and then describe the specific situation.His family will get help soon.
Feb 12th 2018 03:49   
Alexgender Magar Innovator  Writer
Crowdfunding is a method of raising capital through the collective effort of friends, family, customers, and individual investors. This approach taps into the collective efforts of a large pool of individuals—primarily online via social media and crowdfunding platforms—and leverages their networks for greater reach and exposure.
Feb 12th 2018 06:31   
Speckids Aba Junior  Speckidsaba
It can be used to collect aid for patients in need.Submit the requested information on the platform and then describe the specific situation.His family will get help soon.
Feb 12th 2018 23:49   
Laura Lush Innovator  Software Engineer
Hi, I just now the word crowdfunding . Can one explain whether it can be used to collect aid for patients in need? I have come across a situation where one of our college mate is admitted to hospital...
3 answer(s).
Feb 16th 2018 04:56   
Rodney M. Angelo Freshman  Marketing Professional
Just as the term suggests, crowd funding is basically a way used to raise money by simply asking a multitude of people to each chip in a small amount of money towards a given cause/project such as disaster management, political campaigns, civic projects and Start-up Company funding among others. This type of funding principally employs the use of the internet whereby an individual seeking to obtain funds for a given cause/project sets up a webpage where they put up a profile for their cause and essentially tries to get people (mainly through social media) to contribute towards the said cause/project. Crowd funding is not only limited to individuals as companies also use it to obtain funds through the sale of minimal amounts of equity to different investors.
Mar 1st 2018 03:38   
Rob aka Cerberus Magnate II   Better World Partisan
Crowd-Funding is a great way to make Business / Project Capital Raising and/or Charity Fundraising online campaigns go VIRAL!
Apr 10th 2018 01:35   
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