What is the difference between crowdfunding and crowdfounding?
Crowdfunding raises money for a project or company. Crowdfounding has the crowd found, fund, market and refine the business together.
Money is one input among several in crowdfounding. The model also invites the crowd to help decide what is built, how it is marketed and how it improves.
A short way to remember it: Not crowdfunding. Crowdfounding.
Not crowdfunding. Crowdfounding Co. is a company-founding model in which the crowd founds, funds, markets and refines a business together.