What is pledge funding?

Pledge funding, also known as crowdfunding or crowdsourcing, is a method of raising money for a project or venture by soliciting small amounts of money or contributions from a large number of people, typically through an online platform. It allows individuals or organizations to showcase their projects or ideas to a wider audience, enabling them to reach potential supporters who can contribute funds to make the project a reality. Pledge funding has become increasingly popular as it provides an alternative to traditional financing methods, such as loans or investors. In return for their contributions, pledgers often receive rewards or perks, ranging from token gestures to exclusive access or pre-ordering of the final product. This system encourages engagement, collaboration, and a sense of community among both the project creators and the pledgers.

This mind map was published on 9 December 2023 and has been viewed 57 times.