Asked by Neeza Jindal on Feb 18, 2024
Verified
Research has shown that the majority of crowdfunded projects are delivered later than expected.
Crowdfunding
The process of raising funding for a new venture from a large audience (the “crowd”), typically through the Internet.
- Analyzing the factors contributing to project delays in crowdfunding.
- Identifying the common reasons for project delays in crowdfunding.
- Understanding the challenges of project delivery in crowdfunding.
Verified Answer
YS
Youstina ShafikFeb 18, 2024
Final Answer :
True
Explanation :
Studies have found that the majority of crowdfunded projects are delivered later than their estimated delivery date. Factors such as unexpected hurdles, supply chain issues, and inexperienced project managers can cause delays in fulfilling backer rewards.
Learning Objectives
- Analyzing the factors contributing to project delays in crowdfunding.
- Identifying the common reasons for project delays in crowdfunding.
- Understanding the challenges of project delivery in crowdfunding.
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