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Crowdfunding has been one of the best things ever to happen to artists and entrepreneurs.

Every year since 2010 artists have received more funds from crowdfunding than they have from the National Endowment of Arts. Meanwhile, it’s propelled new businesses, like Oculus Rift, which raised $2.4 million dollars on Kickstarter before being acquired by Facebook for $2 billion; and Pebble, one of the early trendsetters in smartwatches.

This “pennies from many” model allows many more people to pursue their creative and entrepreneurial visions. For prospective entrepreneurs, crowdfunding is an exciting way to generate attention, validate an idea, and perhaps most importantly, raise capital without going into debt.