Web 2.0 as Platform for the Development of Crowdfunding

Crowdfunding is a recent development that has changed the way start-up business are created and funded, as well leading to investment opportunities and boosting related markets. In a broad perspective, the consequences of crowdfunding for the organisation and functioning of economic activity in general are potentially significant and largely unexplored. Indeed, if crowdfunding continues to expand, the whole system of production and distribution could change. This possibility is not, however, considered here.