The History & Evolution Of Crowdfunding
September 19, 2011 by Kevin Michael Gray
Crowdfunding has taken the venture capitalist crowd by storm. It's a straight forward concept... If I were trying to start a carpet cleaning franchise and needed $60k to get started, if I had 10 people pledge $6,000 or 1,000 people pledge $60 I would be in business! Today's article comes from mashable.com. Read below:
Bill Clark is the CEO of Microventures, a startup fundraising platform that uses crowdfunding to allow investors to invest between $1,000 to $10,000 in startups. He also manages the venture capital firm MicroAngel Capital Partners.
You can follow him on Twitter @austinbillc. Microfinance is a term for lending money to low-income individuals. These individuals typically don’t have access to the same banking opportunities available to middle- and upper-income households.
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