Crowdfunding, Distributed KnowledgeThrough crowdfunding, 33Needs, along with other platforms like KIVA, Funding Circle, and UnLtd, are changing the way social enterprise is funded.
These platforms offer more efficient
capital movement than traditional funding sources, and are able to significantly scale the social impact because, according to Josh Tetrick, Founder and CEO of 33Needs, it inherently builds up a community of people that become supporters since it creates a connectedness that is not possible through venture capital and angel investors. The investor is excited about his or her investment and will work hard to spread the word and raise awareness through social media and their own personal network.
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