Exam 12: Bootstrapping and Crowdfunding for Resources

Greg is using a fundraiser site and is offering 10 shares of stock to those who contribute a minimum of $100 to his product.What model of crowdfunding is Greg using?

What is characteristic of the investor model of crowdfunders?

People sharing their medical information online so as to help in the development of pharmaceuticals and medical devices that can be used to improve medical treatment is an example of ______.

One of the advantages of crowdfunding is that the audience does not expect you to have a good product pitch.They understand that you are in the early stages of your product or service development.

Imagine that you have just written a book on urban farming.You need money in order to print and distribute your first printing.How would you use Internet-based resources for this purpose?

SuLin is setting up a small construction shop and uses his personal credit card to purchase the company's basic equipment.This process is referred to as which of the following?

According to the text,a disadvantage of bootstrapping and building up a business piece by piece is that you're less likely to generate a larger customer base.

As recent studies have shown,projects with spelling mistakes are how much less likely to be successful than projects without?

There is no time limit for trying to raise funds through Kickstarter.

According to the 2012 American Dream Composite Index,______ tend to be between the ages of 24 and 35,are more likely to be men,and to have an income of over $100,000 per year.

Users of the popular GPS app Waze periodically report driving conditions while on the road,allowing all users to benefit from live traffic updates.Waze is an example of crowdsourcing because ______.

As discussed in the text,Crowdfunder,AngelList,Fundable,and Circle Up are examples of sites that ______.

What happens if the funds raised on Kickstarter exceed those specified at the start of the project?

What made equity crowdfunding in the United States possible?

What is the most effective reward to offer to Kickstarter contributors?

How much money can be raised through crowdfunding?

You would like to raise funds for a foodbank in your local community.Kickstarter would be an excellent source for the initial funds.

A company launching 100% through bootstrapping would use what source of funding?

Lorraine offers to give people a percentage of the profits earned from her theater production as a reward for donating $100 to the production's equipment.Kickstarter did not approve her campaign because ______.

Most entrepreneurs choose to seek out angel investors or other external investors in the beginning.