Crowdfunding: the next generation — four changes that will shake up the model

Crowdfunding has come a long way in a short period of time. What started out as a social experiment several years ago has been validated as a viable means for thousands of people to tap into their inner-entrepreneur. Recent data suggests that crowdfunding – defined here as a contribution toward a project in exchange for non-economic benefits — has enabled more than $1.5 billion to change hands and tens of thousands of projects to get funded, ranging from “passion projects” to real companies.