By Dylan Donley, Spring 2014 Graduate Research Assistant
Crowd funding is a type of investment producing vehicle that can more recently be seen in websites such as Kickstarter and Indiegogo: creators of projects post information, pictures, and videos on these websites in order to garner donations for their projects. Generally, donors are offered incentives to donate, such as receiving the actual product or being allowed on the set of a movie to be made. In this way, donors are able to help fund projects on these websites that that want to see become successful. However, these sites are relatively anonymous and fraudsters may pose as creators seeking funds for a project in order to steal money without ever producing the project.
For more information about crowd funding, read more here.