In 2013, Forbes reported crowdfunding generated more than $5.1 billion dollars. There are two main types of online fundraising sites: those that are donation-based (think GoFundMe), and those that are for investment.
Crowdfunding has brought us many things: Exploding Kittens, for example. It has also helped hundreds of thousands of families with medical bills, emergency expenses, and their pets, too.
While earning 'free' money for a good cause seems easy and practically too-good-to-be-true, it comes with its own caveats. Each site has different payment methods, fees, and restrictions, so its important to read the fine print before signing up or donating to a cause.
More about this story here: http://www.9news.com/story/money/2015/09/29/heres-what-you-should-know-online-crowdfunding-sites/73042090/
Who are the crowdfunding investors?