Generating capital to start a business with small donations from many people is known as ________.

A) collaborative consumption
B) crowdfunding
C) crowdsourcing
D) venture capital

Crowdfunding

A method of raising capital through the collective effort of friends, family, customers, and individual investors, primarily online via social media and crowdfunding platforms.

Venture Capital

Financing that investors provide to startup companies and small businesses with perceived long-term growth potential.