Crowdfunding began its roots back in the 1700's in the form of low-income loans and today there are many portals and platforms that focus entirely on Equity Crowdfunding.
1700's Irish Loan Fund gives loans to low-income families - founded by Jonathan Swift. The "crowd" came from wealthy individuals.
1790's Mozart offered manuscripts to people who donated for funding his concert.
1800's Over 300 program in Ireland give out small sums for short period of time.
1852 Credit Unions are created by Hermann Schulze-Delitzsch. The "crowd" was the members.
1884 The New York World newspaper raised $101K from 160K people for the base of the Statue of Liberty.
1976 Dr. Mohammad Yunus launches a program in Bangladesh to provide baking opportunities to low income residents.
1983 Yunus' original fund transforms to Grameen Bank with 8 million borrowers today.
1997 US tour of the British rock band Marillion is funded by their US fan base.
2001 ArtistShare is the first crowdfunding site for music with the first project being Maria Schneider's jazz album "Concert in a Garden".
2005 KIVA creates microlending to provide small loans to entrepreneurs in poor areas around the world.
2006 Prosper becomes the first peer-to-peer lending marketplace in the US.
2006 Michael Sullivan is credited with coining the term "Crowdfunding".
2008 Indiegogo enables people to donate funds easily by removing the middleman.
2009 Kickstarter creates a funding platform for creative projects in return for rewards.
2010 GoFundMe becomes the pioneer in donation-based crowdfunding.
2011 Wefunder launches a crowd investing platform for capital raising services.
2011 StartEngine launces an equity crowdfunding platform using both accredited and unaccredited investors.
2012 Congress enacts JOBS Act.
2012 Fundable becomes first equity crowdfunding platform to launch in conjunction with the JOBS Act.
2012 CircleUp launces investment marketplace for early-stage consumer companies.
2017 Equity Crowdfunding raises $2.5 Billion worldwide.
2017 North American Crowdfunding: platforms - 375, raised - $17.2 Billion