Who can talk about the development of crowdfunding?

Crowdfunding was originally a means for struggling artists to raise funds for their creations, but now it has evolved into a channel for start-ups and individuals to win funds for their own projects. Crowdfunding websites enable anyone with creativity to raise funds from almost complete strangers, eliminating many obstacles to financing from traditional investors and institutions.

The rise of crowdfunding originated from the American website kickstarter, which raised funds for the public by building an online platform, so that creative people can get the funds they need, so that their dreams can be realized. The rise of this model has broken the traditional financing model, and every ordinary person can obtain funds for a certain creation or activity through this crowdfunding model, so that the source of financing is no longer limited to institutions such as venture capital, but can come from the public. It has gradually matured in Europe and America and spread to developing regions such as Asia, Central and South America and Africa. [1]

The biggest difference between domestic crowdfunding and foreign crowdfunding lies in the protection measures of supporters. If a foreign project is successful, it will immediately send money to the project for implementation. In order to protect its supporters, it is divided into two stages in China. 5% of the funds will be paid to start the project first. After the project is completed, it is determined that the supporters have received the return, and the rest of the money will be handed over to the sponsors. As of July 214, there are dozens of different platforms in China, including equity crowdfunding, incentive crowdfunding and donation crowdfunding.