Crowdhorsing
Definition
Crowdhorsing is the practice of financing the purchase of a horse through crowd funding. The term crowdhorsing is derived from the term crowdsourcing.
Background
Horses are often owned by a small group of people, also known as a syndicate. Especially in horse racing it is quite common to see a racehorse that is owned by a group of individuals. As opposed to a syndicate where a small group of individuals (2-25) fund the purchase and cost of a horse, with crowdhorsing a horse is funded by a significantly large group of people. This could be anything from 500 to 50,000 individuals collectively funding one one or more (race) horses.
Crowdhorsing is the practice of financing the purchase of a horse through crowd funding. The term crowdhorsing is derived from the term crowdsourcing.
Background
Horses are often owned by a small group of people, also known as a syndicate. Especially in horse racing it is quite common to see a racehorse that is owned by a group of individuals. As opposed to a syndicate where a small group of individuals (2-25) fund the purchase and cost of a horse, with crowdhorsing a horse is funded by a significantly large group of people. This could be anything from 500 to 50,000 individuals collectively funding one one or more (race) horses.
Comments