Originally published on Beat the GMAT 

Earlier this month, researchers at UC Berkeley’s Haas School of Business and the Fung Institute for Engineering Leadership announced the establishment of CrowdBerkeley to better understand crowdfunding, a phenomenon which is changing the future of finance by fostering the exchange of capital through new technology channels and providing a more equal playing field for funding investors and recipients.

Crowdfunding got its name from the process of crowds of people investing relatively small amounts of money online to fund new ventures and individuals—bypassing traditional investors and lenders. The growth of crowdfunding.

To learn more about CrowdBerkeley, read the full article on Beat the GMAT.