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Crowdfunding & Crowdsourcing
Crowdfunding
Definition:
The practice of funding a project or venture by
raising money from a large number of people who
each contribute a relatively small amount, typically
via the Internet.
Many musicians, filmmakers, and artists have
successfully raised funds and fostered awareness
through crowdfunding. e.g. Amanda Palmer
Crowdsourcing
Crowdfunding is a form of crowdsourcing:
Definition: the practice of obtaining needed
services, ideas, or content by soliciting
contributions from a large group of people and
especially from the online community rather
than from traditional employees or suppliers.
For example, Life in a Day or these music videos.

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Crowdfunding and crowdsourcing

  • 2. Crowdfunding Definition: The practice of funding a project or venture by raising money from a large number of people who each contribute a relatively small amount, typically via the Internet. Many musicians, filmmakers, and artists have successfully raised funds and fostered awareness through crowdfunding. e.g. Amanda Palmer
  • 3. Crowdsourcing Crowdfunding is a form of crowdsourcing: Definition: the practice of obtaining needed services, ideas, or content by soliciting contributions from a large group of people and especially from the online community rather than from traditional employees or suppliers. For example, Life in a Day or these music videos.