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The crowdfunding phenomenon – looking beyond the hype
This relatively new financing model is experiencing exponential growth globally. In the period 2009-2013, the compound annual growth rate (CAGR) of the funding volumes was about 76% with an estimated total funding volume of $5.1bn in 2013. In terms of geography, the biggest market has been North America (and mostly the U.S. where the concept of crowdfunding started) with 60% of the market volume, followed by Europe, which has 36%. | Read more at Bruegel http://www.bruegel.org/nc/blog/detail/article/1330-the-crowdfunding-phenomenon/