Alternative Source of Finance: In All Its Parts Crowdfunding
Chapter from the book: Kırcı Çevik, N. (ed.) 2023. Research on Social Sciences- I.

Nagihan Aktaş
Gebze Technical University
Gökhan Özer
Gebze Technical University

Synopsis

Crowdfunding, which has gained a lot of attention in recent years, is seen as a popular way to finance modern, creative, and innovative projects. Crowdfunding is a practice that allows raising funds from a large number of people through an online platform to fund an idea or venture. In crowdfunding, there are three parties backers, project owners, and the crowdfunding platform. In terms of the contribution of the project owners to the fund supporters, crowdfunding is divided into two non-financial and financial. Charitable and reward-based crowdfunding has no financial returns, while debt- and equity-based crowdfunding is financially returns. This study, it is aimed to present a general perspective on the concept of crowdfunding. This way, readers will better understand the types of crowdfunding, their advantages and disadvantages, and how these affect crowdfunding projects. As a result of the study, it has been seen that crowdfunding can be a powerful tool to finance ideas or projects. It is thought that project owners should carefully plan and implement crowdfunding activities to achieve their projects' financing targets and increase their chances of realizing their ideas.

How to cite this book

Aktaş, N. & Özer, G. (2023). Alternative Source of Finance: In All Its Parts Crowdfunding. In: Kırcı Çevik, N. (ed.), Research on Social Sciences- I. Özgür Publications. DOI: https://doi.org/10.58830/ozgur.pub96.c448

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Published

March 25, 2023

DOI