This week, crowd-funding site IndieGoGo joined Microsoft, Google, American Express and other corporate heavyweights in a White House-backed effort to boost small-business growth and drive the nation’s economic recovery.
With credit from banks and other traditional lenders still tight in the wake of the financial crisis, small-business owners have been increasingly turning to alternative sources of seed capital. Crowd-funding sites use social-networking platforms to match borrowers with pools of lenders, who typically put up no more than a few hundred dollars each for ventures that spark their interests. Combined, these funding campaigns can raise anywhere from $10,000 to more than $100,000.
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.