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Donate (or Fund Your Project) via CrowdFunding

Dec 16, 2010, 17:04 (0 Talkback[s])
(Other stories by David Strom)

[ Thanks to James Maguire for this link. ]

"By now most of you have heard of crowdsourcing, the ability to get masses of people to do work for you, oftentimes menial tasks for low pay. An extension of this concept is crowdfunding, whereby masses of people fund your project. Think of virtual microlending combined with Internet philanthropy.

"There are more than a dozen Web sites that facilitate crowdfunding that range from art projects to new entrepreneurial ventures (look at growvc.com) to magazines and more. They all operate more or less the same way: the sites contain lists of projects that you pick to fund. In some cases, the sites have professionals who vet the projects and make sure that they are legit and not just someone looking for a scam."

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