Asked by Lisa-Marie Cimino on Feb 18, 2024
Verified
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.
Crowdfunding
The process of raising funding for a new venture from a large audience (the “crowd”), typically through the Internet.
- Understanding the importance of audience expectations in crowdfunding campaigns.
- Recognizing the advantage of crowdfunding for early-stage product or service development.
- Identifying the role of audience understanding in supporting crowdfunding initiatives.
Verified Answer
YM
Yusuf MohamoudFeb 18, 2024
Final Answer :
False
Explanation :
Crowdfunding audiences often expect a compelling product pitch as it helps them understand the value and potential of the project, influencing their decision to support it financially.
Learning Objectives
- Understanding the importance of audience expectations in crowdfunding campaigns.
- Recognizing the advantage of crowdfunding for early-stage product or service development.
- Identifying the role of audience understanding in supporting crowdfunding initiatives.
Related questions
Crowdfunding Backers Invest Solely on the Merits of a Product ...
The First Step Entrepreneurs Should Take Before Starting a Crowdfunding ...
The Most Successful Crowdfunding Efforts Are a Result of Testing,refining,and ...
The Most Established Crowdfunding Site Is ______
Crowdfunding Has Been Used to Raise Billions of Dollars for ...