What Is The Next Crowdfunding Evolution?

It’s been said that crowdfunding is less of a straight-forward investment and more like buying wine futures. You’re essentially paying a discounted rate for next year’s crop. And, just like wine, once you’ve put your money in, you can only hope that the weather is good, the vines aren’t attacked by bugs, and the vintner is as good as he claims. But, this analogy, no matter how clever, falls apart at one crucial stage. With wine,...

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Crowdfunding: The New Way To Finance Your Personal Life

Crowdfunding: The New Way To Finance Your Personal Life

When Kelli Space graduated from Northeastern University in 2009 with $200,000 of student loan debt, she panicked. Given that she had an entry-level office manager job that didn’t pay much, Space knew that it was going to be tough to pay back that debt on her own. But instead of deferring her payments—or not paying them at all, like many grads end up doing—she started a crowdfund, which is the practice of funding a project or venture by...

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