Exam 12: Bootstrapping and Crowdfunding for Resources

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Wikihouse freely provides user-submitted blueprints for anyone who wishes to build an affordable custom-built house with 3D printing.This is an example of ______ because ______.

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Seth starts his company with computers that he found on craigslist.com and some office furniture from the basement of his parents' home.This strategy would be considered which of the following?

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In reference to crowdfunding,a backer is best described as ______.

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How does Kickstarter get its money?

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Crowdsourcing is a bootstrapping method that saves money while obtaining valuable ______ resources.

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How much money can be raised through crowdfunding?

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Thanks to the Internet,the likelihood of a new business getting formal investment is pretty good.

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Research has shown that the majority of crowdfunded projects are delivered later than expected.

(True/False)
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Bootstrapping and starting slowly enables entrepreneurs to avoid any and all risk.

(True/False)
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Most entrepreneurs choose to seek out angel investors or other external investors in the beginning.

(True/False)
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Imagine that you have developed a software application and are now ready to "open shop." Describe some of the penny-pinching techniques you would use to get your business started.

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What is characteristic of the patronage model of crowdfunders?

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When conducting a crowdfunding campaign,why is it important to talk to others who have used crowdfunding?

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Research has shown that what percentage of crowdfunded products are delivered later than expected?

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When setting a funding goal,focus on how much money you would like to have rather than on how much you will need.

(True/False)
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Crowdfunding is a resource for talent and labor,and crowdsourcing is a resource for money.

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Indiegogo is the largest global crowdfunding site in the world.

(True/False)
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If you have a successfully crowdfunded product and you know you are going to miss your advertised ship date,what should you do?

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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?

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Which of the following accurately describes a major advantage to crowdfunding?

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