Crowdfunding is a modern approach to the process of raising capital. In this model, individuals, businesses and organizations seek donations from a large pool of backers (the “crowd”). Successful crowdfunding initiatives have financed everything from political campaigns to movies and start up companies.
Crowdfunding is typically made possible by a web platform. Kickstarter.com is the largest crowdfunding platform for creative endeavors. There have been several successful Kickstarter campaigns funded locally in Asheville including: Asheville Free Media, Appalatch, and Asheville Tango Orchestra.
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