Crowdfunding is one of the more important aspects of crowdsourcing. Later I will write about the implications of the rise of crowdfunding for venture capital and other early stage funding sources. To start here are some examples of crowdfunding, many of them in creative domains.
The Economist this week addresses the wonderful world of online freelancing and crowdsourcing, under the rubrik Work in the digital age. The full article is well worth a read.
The article points to the potential for online freelancing and piecework to account for a substantial part of global labor. While The Economist has touched on the issue before, this is now something that is a significant business issue which is going to start attracting a lot more coverage. The Economist notes: