In classic "disruptive technology/business model" terms, I agree.
(1) What is disrupted? Existing means of accessing capital (banks, individual investors, corporations).
(2) It's coming at it from the low end of the market. Small little projects getting funding, nothing that hits the bigger players' radar. But slowly, it starts to grow in terms of volume, and funding project size.
(3) It's addressing an end of the market that was really underserved by mature sources of funding.
Based on all this, I would say crowdfunding is disruptive, with Kickstarter leading the way.
(1) What is disrupted? Existing means of accessing capital (banks, individual investors, corporations).
(2) It's coming at it from the low end of the market. Small little projects getting funding, nothing that hits the bigger players' radar. But slowly, it starts to grow in terms of volume, and funding project size.
(3) It's addressing an end of the market that was really underserved by mature sources of funding.
Based on all this, I would say crowdfunding is disruptive, with Kickstarter leading the way.