Comerce ACT2.docx - 1 Describe in your own words the concept of crowdfunding Identify some examples of crowdfunding and how they work The concept of

Comerce ACT2.docx - 1 Describe in your own words the...

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1)Describe, in your own words, the concept of crowdfunding. Identify some examples of crowdfunding and how they work. 1) Donation Model: The incentive to contribute not up or gain financially. Instead, donors may find reward in satisfaction with the knowledge that their money would be used for good reason, for example funding money for supporting a charity. 2) Pre order Model: it allows the users to sell an item before it created on websites such as Kickstarter 3) Rewards Model: is funding small businesses where business men can collect all the donation from individuals in exchange for product.
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  • Summer '10
  • Ahmed Ali
  • Finance, United Arab Emirates

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