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The concept of crowdfunding as such is not new. The idea of ​​applying for financial aid publicly is something that has always existed. In fact, we can attribute the first crowdfunding action to a British rock group called Marillon, whose objective was to finance their tour of the United States in 1997. Although in Spain, in 1989 the rock group's first album was financed.by different people. But what has really made the difference in the case of crowdfunding as we know it today has been the birth of the internet.

In this way, it is possible for a person to announce their project publicly, but instead of  Cambodia Phone Number Data reaching a few people, they are able to reach their idea to thousands of people. This causes the financing capacity to multiply abysmally. Thus, the Internet makes it possible for a huge number of people to participate in different projects, and in this way, dissipate the risk due to their contribution to it. Think about it, in the traditional way, even if a person publicly announces his project and asks for funding, it would be unthinkable that so many people could participate in the idea.





And this is how the concept of “crowd” and “funding” arises. This is how this form of financing has managed to become so important today. And, don't you find it incredible that even though neither the entrepreneurs nor the investors know each other, they trust each other? It is surprising, but it is already a fact that the number of projects that result in fraud is very low. According to an article by Emily Mackay in 2015, the fraud rate on some of the largest platforms, such as Kickstarter and Indiegogo , is 0.