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*”crowd-funding” is the practice of funding a ‘project’ or ‘venture’ by raising many small amounts of money from a large number of people, typically via the ‘internet’*
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(‘crowdfunding’ is a form of ‘crowdsourcing’ + of ‘alternative finance’)
(in ‘2015’, it was estimated that worldwide over ‘US $34 billion’ was raised this way)
(although similar concepts can also be executed through ‘mail-order subscriptions’, ‘benefit events’, and other methods, the term ‘crowdfunding’ refers to ‘internet-mediated registries’)
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(this modern ‘crowdfunding model’ is generally based on 3 types of actors…)
#1
(the ‘project initiator’)
(proposes the ‘idea’ and/or ‘project’ to be funded)
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#2
(‘individuals’ or ‘groups’ who support the ‘idea’)
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#3
(a ‘moderating organization’ (the “platform”) that brings the ‘parties’ together to ‘launch’ the ‘idea’)
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[‘crowd-funding’ has been used to fund a wide range of ‘for-profit entrepreneurial ventures’ such as…]
*’artistic’ + ‘creative’ projects*
*’medical expenses*
*travel*
*community-oriented ‘social entrepreneurship projects’*
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*👨🔬🕵️♀️🙇♀️*SKETCHES*🙇♂️👩🔬🕵️♂️*
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💕💝💖💓🖤💙🖤💙🖤💙🖤❤️💚💛🧡❣️💞💔💘❣️🧡💛💚❤️🖤💜🖤💙🖤💙🖤💗💖💝💘
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*🌈✨ *TABLE OF CONTENTS* ✨🌷*
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🔥🔥🔥🔥🔥🔥*we won the war* 🔥🔥🔥🔥🔥🔥