AlliedCrowds, has published a new Crowdfunding for Entrepreneurship report as part of Global Entrepreneurship Week.
The data analysis company stated:
“Crowdfunding is no longer just a niche form of financing for creative projects. In 2015, transactions across donations, lending, reward, and equity crowdfunding is expected to cross $34 billion, and overtake the VC industry in size. The genie is well and truly out of the bottle.”
AlliedCrowds noted that the report starts out with an overview from Jonathan Ortmans, President of the Global Entrepreneurship Network. Jonathan emphasizes how we have only just begun to scratch the surface on the impact that crowdfunding can have.
The report then defines the different models of crowdfunding, provides an overview of the global landscape, and explains where crowdfunding fits compared to the traditional models of finance. The company then interviewed with Sam Hodges, cofounder of Funding Circle, to discuss the advantages that marketplace lending has over balance sheet lenders.
Shareq Husain, head of strategy and innovation at AlliedCrowds, explained:
“Working together and enabling cross fertilization of ideas and resources, the finance industry can evolve to serve the changing needs of entrepreneurs, and spur a new leap in global economic prosperity.”
See the entire report below.
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