A major disadvantage to Crowdsourcing is the requirement to disclose the idea for which funding is sought in public when it is at a very early stage. This exposes the promoter of the idea to the risk of the idea being copied and developed ahead by better-financed competitors.
Crowdsourcing may yet be the breeding ground for tech startups as more banks fail to raise capital for budding entrepreneurs. The pace for regulation is being set in America, hopefully a form of it will be adopted here in Nigeria and with as little as a thousand naira you may own a part of any tech start up of your choice.
Founded in 2010, the industry website, Crowdsourcing.org, is a neutral organization dedicated solely
to crowdsourcing and crowdfunding. As one of the most influential and credible authorities in the crowdsourcing space,
Crowdsourcing.org is recognized worldwide for its intellectual capital, crowdsourcing and crowdfunding
practice expertise and unbiased thought leadership.