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A person, group, cause or organization that raises money from a lot of people that, on an individual basis, contribute a relatively small amount of money to help achieve the goal.
A high school coach needs a new piece of equipment that costs $1,000. The coach creates a listing on a web site that is designed to assist him in these efforts (crowdfunder.com). The coach collects $1,000 from 500 people each contributing $2.
by robert mark June 24, 2008