Funding

 Concerning the concept of funding, there are a variety of ways this can be achieved due to many different sources via the liberties social media and meta communication brings. Here are a few sources of funding:

Crowdfunding:

This type of funding is when a person or organisation (group) shares an idea with the public which then grants the potential for such investors to raise money for this person/organisation's pitch. Due to this acting as a donation, crowdfunding is typically not paid back such as a loan, however there's a risk of not enough money being raised. 

Grant:

A grant is typically when a hierarchical body such as a local council receives and discusses a persons/organisations pitch idea and as such decides on if it’s worth funding it. This is a popular way of funding due to it not having to be paid back as it isn't a requested loan, and also is done by a body with an amount of money able to be granted. This therefore is useful as the person/organisation does not have to worry about pay back.

Loans:

Loans are most typically requested by a person/organisation from their bank. This method is still highly popular due to the ability to take out a large secured amount of money rather than hoping for a sizeable amount provided by such as crowdfunding. However the downside of this method of funding is it does need to be paid back which runs the risk of if the person/organisation can replicate the initial loan amount. Another con is to be able to take out a loan. A bank typically checks if such person(s) are trusted, which can be a long process which can affect credit score. Furthermore, interest on a loan also affects the post-loan amount needed to pay back, however low interest traits can be found depending on credit score which is a risk.