The Crowdfunding Revolution: How to Raise Venture Capital Using Social Media

Chapter | 11THE INTERSECTION WITH CROWDSOURCING

Chaos results when the world changes faster than people.

—Anonymous

Roughly speaking, one uses crowdsourcing to gather inputs from a crowd to get something done and crowdfunding to get something financed. But as is commonly the case, a considerable number of projects that need to be financed also need many other inputs to achieve their ultimate goal. And thus arises the interrelatedness and myriad hybrid model opportunities between the two, especially given a very shared set of group dynamic underpinnings. Even more significantly, to generally offer crowdfunding with only the ability to map financial inputs to the already manifold outputs (for example, tiers) is to monumentally starve the emotional ...