1997 - US fans of Marillion underwrite US tour to the tune of $60,000. 2001 - The most universal example of Crowdsourcing – Wikipedia was launched, I billion edits and counting and not one editor on the payroll. End 2001 – 2.6 m people use JustGiving to raise money. 2004 - Kiva.org was launched, over $300 million in loans and counting. 2008 - Cancer Research UK, MyProjects, raises £1 million whilst still in beta.2012 - Amanda Palmer, cult US musician, raises $1 million on Kickstarter from 25,000 fans in a month to fund her new record!
1. People coming together to jointly fund a specific project(s) or initiative(s)2. Can be focused around important dates (like someones birthday or sponsor a day)3. Accountable & transparent (specific amount needed for a specific purpose and can see the target and how many other people have helped so far)4. Usually spread through online social interactions, people dont have to know each other to do this (viral growth through friends of friends)5. Time limited in the main or at least structured to a deadline/inbuilt conclusion of some kind