Emerging Technology: Crowdfunding

Crowdfunding is the idea of an inventor or someone with a great product or product concept can come online and pitch their product to people who have pledged to give money if the invention is meets its required goal. But the great part is the inventor does not have to sell any stakes in their product. If they succeed in their goal they get all the money raised and get 100% stake in their product. I think this will be a great way for new products and inventors to emerge successful and help them establish themselves and they in return help fund other inventors and make an endless chain that constantly makes technology improve. I was surprised that people were willing to give money for no stake in the business. Facebook was an emerging technology in 2009 that is no longer emerging.

Glog