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If you are looking to raise money for your company -- or keep up at cocktail parties -- you should have a few facts about crowdfunding up your sleeve.

Crowdfunding is a way of raising money for a new venture by soliciting small donations from many people online.  The biggest platforms in the industry are Kickstarter and Indiegogo. In the last five years, crowdfunding has grown from a tool for off-beat bands to raise money from fans for an album they can’t afford to produce to a way for some really high tech inventors to get access to capital for their new, innovative startups.

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To read the original article: Your Crowdfunding Cheat Sheet (Infographic) | Reuters