Small business owner Dana Mauriello compares the concept of crowdfunding to “passing around the basket at church.” In other words, obtaining financial support for a new business from many investors instead of a small handful. The Internet age has been great for crowdfunding as small business owners can spread the word about their investment opportunities via Twitter, email and Facebook and ultimately reach a larger audience than through traditional offline methods.
Photo: Melissa Hincha-Ownby/Flickr
The opinions expressed by MNN Bloggers and those providing comments are theirs alone, and do not reflect the opinions of MNN.com. While we have reviewed their content to make sure it complies with our Terms and Conditions, MNN is not responsible for the accuracy of any of their information.