Individuals can benefit from using crowdfunding, says Weatherhead’s Michael Goldberg

Streetsboro’s Lambotte family use crowdfunding to help pay adoption and medical expenses

The Plain Dealer: When they found themselves with financial difficulties in an effort to adopt a second child, a Northeast Ohio couple turned to crowdfunding. Normally crowdfunding is used by start-up companies to raise capital, said Michael Goldberg, adjunct professor of banking and finance. “But it’s amazing how individuals using crowdfunding can also connect with people to help them financially, because in the case of the Lambottes, it’s a good vehicle to help raise cash, and this certainly is a heartwarming example.”