Crowdfunding

• What is crowdfunding?

  A method of raising finance for projects
• How does crowdfunding typically work?

  It seeks small contributions from many backers
• Where do crowdfunding campaigns usually take place?

  On the internet
• What do you outline in a crowdfunding campaign?

  The project goals and funding target
• What do you set in a crowdfunding campaign?

  A funding goal
• What do backers receive in exchange for their contributions?

  Rewards or incentives
• What happens if the funding goal is reached?

  The project proceeds
• What is a key advantage of crowdfunding?

  Built-in marketing and exposure
• How does crowdfunding help validate an idea?

  It shows public interest and support
• What are traditional routes of financing?

  Loans from banks or equity investments
• What happens if the funding goal is not reached?

  The project does not happen
• What is a risk of sharing ideas on crowdfunding platforms?

  Ideas can be easily copied
• What is a challenge faced by crowdfunding projects?

  High competition on platforms
• When does crowdfunding make sense?

  For early-stage startups seeking validation
• How is crowdfunding related to the product life cycle?

  It helps validate ideas in early stages