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What is crowdfunding?

What is crowdfunding? Here are some definitions.

Noun
  1. (finance) Funding by many individuals pooling their money together for a common goal, usually via the Internet.
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Examples
Microfinance, crowdfunding, and incubators are worth pursuing, say business owners.
What are the differences in comparison with other crowdfunding or microfinancing organisations?
From the looks of your latest post, you are now dabbling in crowdsourcing as well crowdfunding.
He is optimistic crowdfunding will provide a successful venture capital model for established businesses.
In another crowdfunding first, a former lawyer has decided to go the Adam and Eve route and create what one would euphemistically call an onahole.
As crowdfunding has matured from a series of one-off efforts into something reproducible, the money has followed.

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