What is Crowdfunding? What You Need to Know

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What is crowdfunding? How does it work? Crowdfunding is a fairly new concept that involves small or large sum contributions or investments by a large number of individuals into a new product or idea. The concept also involves an inherent promise that investors will get first access to the product after it has been fructified. Ideas for crowdfunding can be anything from a novel gift-item, a new video game idea, to some advanced tech gadget. The main aspects of any crowdfunding project are ensuring that people get convinced about the…