Summary
With the alignment of microfinance, the internet, and social media, the perfect envorinment has evolved for crowd funding to flourish
Description
Gartner Research has reported that crowd funding is growing at an exponential rate. From a $1.2bil industry just over a year ago, it is ahead of schedule to exceed the estimated $7bil mark in 2013. In a time when the global economy is still shuddering from the fallout of the GFC just a couple of years ago, it is a credit to the proponents of crowd funding platforms, and to the efforts of the crowd that crowd funding continues to flourish and grow into the dominant form of ecommerce that it is today.