Crowd funding sounds good in principle and is generally a good concept that allows the community to select the investments instead of just relying on institutions such as funds and banks. However, like any other investments there are risks involved.

Crowd funding is basically raising funds for a project from a lot of people globally, usually through the internet platforms like Kickstarter. Due to the massive size of the crowd and the generally small amounts of money per contributor, funds can raise significant amounts of money within a short period of time.

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One of the best known ones in Singapore is Pirate3D. They are the people behind the affordable 3D printer Buccaneer. The project is so attractive in terms of pricing as the price is listed as $347, which is much cheaper than most other 3D printers that cost thousands of dollars. In fact, they were so popular they raised …