Cover Page by Dan Marom, Kevin Lawton

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Chapter | 9INFRASTRUCTURE AND ECOSYSTEMS

If there’s an ecosystem where things are free, your currency becomes enthusiasm.

—Frank Chimero

As the crush of macroforces squeezes the old-school venture financing industry, the potential of crowdfunding accelerates, seemingly balanced by financing’s analog to the first law of thermodynamics. But to even remotely conceptualize or relate the changing landscape of project financing in terms of a zero-sum equation, like the reshuffling of chips from person to person in a poker game, would be to completely misunderstand the entirety of the crowdfunding revolution. What is occurring now and the potentials moving forward are not a result of a singular shift or trend. Rather, the emerging incarnation of crowdfunding ...

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