Here is a nice (and short!) video from the founder of Indiegogo, Danae Ringelmann, about how crowdfunding has evolved into a $60 billion industry globally:
She is including all of the different variations of crowdfunding in this estimate, including Rewards (or Perks), Donation, Equity Crowdfunding and Peer to Peer lending, but even still, this is a remarkable explosion in activity in 5 years.
Importantly, while immense growth has been seen in the US it has also been elsewhere, particularly the UK, so crowdfunding is fast becoming an established global industry.
The term ‘democratisation of finance’ is now almost becoming a cliche as far as this industry in concerned, but it’s hard not to agree with it.