Category:Peerfunding

The Top Five Crowdsourcing Mega-trends I had my eyes opened to the massive growth of the crowdsourcing industry at a SXSW panel earlier this year. Ever since then, I have been looking for an opportunity to bring more information on this trend to {grow}. I’m fortunate today to have an expert on the subject, David Bratvold, provide a guest post: If you’re not yet familiar with crowdsourcing, it’s a new work process that involves getting a crowd of people to help with a task typically performed by one employee or contractor. While this is a common example, today crowdsourcing extends far beyond simple graphic design and can be broken down into four main subcategories: Microtasks – Taking a project and breaking it into tiny bits as seen on Amazon’s Mechanical Turk (“the online marketplace for work.”). (For a more thorough explanation, read “What is Crowdsourcing.”) As the early stages of crowdsourcing continue to gain momentum, there are a few megatrends worth keeping your eye on. 1) Curated Crowds 2) Quality Improvements All posts

Crowdsourcing Crowdsourcing is a sourcing model in which individuals or organizations obtain goods and services. These services include ideas and finances, from a large, relatively open and often rapidly-evolving group of internet users; it divides work between participants to achieve a cumulative result. The word crowdsourcing itself is a portmanteau of crowd and outsourcing, and was coined in 2005.[1][2][3][4] As a mode of sourcing, crowdsourcing existed prior to the digital age (i.e. "offline").[5] There are major differences between crowdsourcing and outsourcing. Some forms of crowdsourcing, such as in "idea competitions" or "innovation contests" provide ways for organizations to learn beyond the "base of minds" provided by their employees (e.g. Definitions[edit] The term "crowdsourcing" was coined in 2005 by Jeff Howe and Mark Robinson, editors at Wired, to describe how businesses were using the Internet to "outsource work to the crowd",[1] which quickly led to the portmanteau "crowdsourcing."

Crowd funding Crowdfunding is the practice of funding a project or venture by raising monetary contributions from a large number of people, typically via the internet.[1] One early-stage equity expert described it as “the practice of raising funds from two or more people over the internet towards a common Service, Project, Product, Investment, Cause, and Experience, or SPPICE.”[2] The crowdfunding model is fueled by three types of actors: the project initiator who proposes the idea and/or project to be funded; individuals or groups who support the idea; and a moderating organization (the "platform") that brings the parties together to launch the idea.[3] In 2013, the crowdfunding industry grew to be over $5.1 billion worldwide.[4] History[edit] Types[edit] The Crowdfunding Centre's May 2014 report identified the existence of two primary types of crowdfunding: Rewards-based[edit] Equity[edit] Debt-based[edit] Litigation[edit] Charity[edit] Role of the crowd[edit] Crowdfunding platforms[edit] Origins[edit] Press