Have you heard about crowd funding?

Latest fashion word in financing of young entrepreneurs has become crowd funding, a method where others collect from different individual sources money to realize and grow good project ideas and approaches. Crowd funding (alternately crowd financing, equity crowd funding, crowd-sourced fundraising) explains the collective effort of individuals who network and pool their money, usually via the Internet, to support efforts initiated by other people or organizations.Crowd funding is used in support of a wide variety of activities, including disaster relief, citizen journalism, support of artists by fans, political campaigns, startup company funding, motion picture promotion,free software development, inventions development, scientific research,and civic projects.