Crowdfunding Day: History, Facts & Insights

This is an in-depth look at all the must-know facts about Crowdfunding Day (2024) 🗓️ that no one tells you about. Crowdfunding Day is celebrated on March 14th.

Among the information you’ll find below: the history of Crowdfunding Day, activities to do on and how to observe this holiday, as well as important facts you need know about Crowdfunding Day.

📅 What day is Crowdfunding Day 2024?

In 2024, Crowdfunding Day is on Tuesday, March 14th. It is the 2nd Tuesday in March; in 2024, it is Thursday. There are until the next observance. You also can view all the exciting details and facts about March 14, 2023, that you might not be aware of.

Crowdfunding Day takes place annually on March 14th to raise awareness about the advantages of crowdfunding and provide guidance to startup owners and organizations on its utilization. Interestingly, the concept of crowdsourcing dates back to the 13th century. It involves gathering small amounts of money from a large group of individuals to support a cause or project. With the advent of the internet, crowdfunding has predominantly shifted to online platforms.

📜 Crowdfunding Day History

In 1885, the United States government didn’t have enough money to complete the Statue of Liberty project, so they turned to crowdfunding. Joseph Pulitzer initiated a crowdfunding campaign through his newspaper, offering reproductions of the statue for different contribution amounts. The campaign successfully raised over $100,000 from 160,000 contributors. Crowdfunding started gaining popularity on the internet in the arts and entertainment industries. A documentary campaign by The Vegan Society in 1994 and a music tour by Marillion in 1997 both achieved success through online crowdfunding. The first dedicated crowdfunding site, ArtistShare, was founded in 2001 by Brian Camelio. Since then, various crowdfunding websites like Kickstarter, Indiegogo, and GoFundMe have emerged. Crowdfunding has become a significant industry in the United States, with over $17 billion raised annually.

✅ Crowdfunding Day Facts

🔖 Almost all Millennials want to launch them
Two-thirds of Millennials aspire to have a career in a startup.

🔖 They start as a side hustle
According to data, 70% of startup founders came up with their business ideas while being employed at another company.

🔖 Half don’t survive infancy
Around 50% of startup businesses do not survive beyond the initial five years.

👍 Why Is Crowdfunding Day Important

Crowdfunding is one of the simplest ways for a business to generate funds. Unlike other funding sources such as venture capital, bank loans, and angel investors, it is not about giving up a piece of your business or accumulating debt. Furthermore, conducting a crowdfunding campaign is significantly simpler than seeking loans or investments. Typically, you must sign up on a crowdfunding platform and share information about your business as well as a motivational video.

The success of a crowdfunding campaign might help a firm reach a wider audience. This can help attract traditional sources of funding.

Depending on the sort of business you intend to start, you may need to incur a number of expenditures. Crowdfunding can help you defray some of these costs while also gaining market validation for your idea before putting it to market.

🙂 How To Observe Crowdfunding Day

⚡ Learn what makes a crowdfunding campaign successful
Every crowdfunding campaign that achieves its goal has a unique story behind it. On Crowdfunding Day, you can explore these stories by utilizing online resources such as business and crowdfunding websites and platforms.

⚡ Crowdfund your business
Are you interested in starting a business but don’t have enough money? Take advantage of Crowdfunding Day to kickstart a crowdfunding campaign for your company. To get started, you’ll need to sign up with a crowdfunding platform that aligns with your fundraising needs. Some examples of such platforms include iFundWomen, Kickstarter, GoFundMe, Wefunder, and Fundable.

⚡ Donate to crowdfunding campaigns
If you don’t have your own business that requires funding, you still have the option to support other people’s crowdfunding campaigns. Explore social media or crowdfunding websites to find ongoing projects that catch your attention, and make a small donation to show your support. Additionally, you can help by sharing and promoting interesting initiatives on your own social media platforms.

📅 When is Crowdfunding Day?

See all 🔗 March holidays, including 🔗 Cause and other 🔗 Awareness holidays.

We will continue to update this page with new information and cool facts about Crowdfunding Day. So be sure to check back soon.