Crowdfunding
Created on Dec 04, 2011
Noun
1. Definition: Sourcing small amounts capital from multiple people using the internet.
Word formation type: Compounding
Citation: Kickstarter allows crowdfunding by letting people donate to projects they find interesting.
Citation date: Dec. 4, 2011
Source of citation: NYT, 25 September 2011, http://www.nytimes.com/2011/09/26/opinion/a-proposal-to-allow-small-private-companies-to-get-investors-online.html
Explanation: From the words "crowd" and "funding".
Created on Dec 04, 2011
2. Definition: The collective effort of individuals who network and pool their money, usually via the Internet, to support efforts initiated by other people or organizations
Word formation type: Compounding
Citation: "We are trying to increase our social media presence prior to the start of our crowdfunding campaign."
Citation date: Nov. 27, 2013
Source of citation: E-mail from a member of a project group I am working with. September 2013
Explanation: Compound composed of free root crowd and root campaign (from French campagne). It is believed to have originated from the broader concept of crowdsourcing, which describes the process of accomplishing a set goal through contributions from a large group of people on the Internet, rather than from traditional employees through centralized efforts.
Created on Nov 27, 2013