In an age of economic globalization and rapidly-increasing access to technology, new avenues are opening up to help finance and implement solutions. For many individuals and organizations that can't acquire needed resources from government, corporations, or other large institutions, funding can now be easily raised from grassroots sources - friends, family, and even strangers halfway around the world. Crowdfunding is a new method of collecting resources for a cause, thanks largely to apps available on smartphones or direct digital money transfers. This collection of stories explores how various groups have turned to the general public to help raise money and supplies for a variety of solutions.
- Interpret why crowdfunding campaigns may be more appealing to donors and provide examples from the articles in this collection.
- In what ways might crowdfunding be a more effective means to finance a solution as opposed to traditional means (grants, corporate sponsorships, etc.), and why?
- What are the challenges to galvanizing a broader, anonymous public to donate to a cause? What are different methods leveraged by organizations and ventures to maintain momentum and interest when crowdfunding?