In 2015 in the European Union only, web users founded over 5.1 billion dollars worth of projects in total. This method of collecting funds is known to almost everybody, including rich and famous. For example in 2011 an American band called Dee La Soul has announced through kickstarter.com that they need 110 thousand dollars to record their new album. In order to make people more involved, they even introduced the possibility of audience participating in the record itself. The project was successfully founded and created as the artists imagined it. Crowdfunding in Poland doesn’t yet have proper law regulations. But due to political pressures in 2014, there was a bill passed in Parliament that regulates the problematic similarities between crowd funding and public fundraising. As a result, the bill for public fundraising is officially not regulating any law related to crowd funding.
SO WHATS THE DIFFERENCE?
1. The crowdfunding organiser is informing the public in a clear, easy to understand way about the purpose of funding.
2. Any initiative, as long as its legal can be the subject of crowdfunding
3. The information about crowdfunding is reaching to wide unspecified audience
4. Funding is delivered with the use of new technologies and internet
5. There are often mutual agreement between both parties