Taking a look at the crowdfunding statistics outlined in this business infographic by GoGetFunding provides you with a good idea of whether or not your business or start-up may benefit from a crowdfunding campaign.
There are well over 500 platforms through which entrepreneurs can involve the public in turning their business ideas into a reality and this number grows each year. In 2013 alone, an estimated $5.1 billion was raised through these platforms, nearly double the funds raised in 2012. Surprisingly, reward-based funding projects have seen more growth than lending funds, which benefits smaller businesses as they can save on costs.
As this infographic demonstrates, the crowdfunding statistics promise even more growth with each coming year.
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This article is one of 350,000 experiments. We use crowd filtering, big data and AI to identify insights.