Though crowdfunding may seem like a relatively buzzy phenomenon given the emergence of digital platforms, it’s actually an age-old financial model dating back to the 1800s.

“They crowdfunded the pedestal of the Statue of Liberty over 100 years ago,” says expert consultant Sally Outlaw. “[Joseph] Pulitzer went to the crowd and said we need a dollar per person, and 100,000 people gave a dollar.” Read more…

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