There is a growing abundance of capital to fund entrepreneurs’ massive transformative purposes (MTPs) and moonshots.
Last year, venture capitalists in the United States poured nearly $70 billion into entrepreneurs—just the tip of the iceberg.
In this post, I’ll cover three places outside of traditional venture funding where I am seeing a growing abundance of capital:
Let’s dive in.
1. The Rise of Crowdfunding
Global crowdfunding has exploded onto the scene, and crowdfunding websites make it easy for anyone to market their ideas and get funded.
A 2015 report estimated the total worldwide volume of crowdfunding was $16 billion in 2014 and $34 billion in 2015, with 375 crowdfunding platforms in North America alone. World Bank predicted that crowdfunding investments will be a $96-billion-a-year market in developing countries by 2025.
Kickstarter, one of the most popular reward-based crowdsourcing platforms, has launched almost 400,000 projects and over $3 billion has been pledged on the site.
The most successful Kickstarter …