Asked by Caitlyn Maliszewski on Feb 18, 2024
Verified
In general,entrepreneurs may raise what amount through the 3 Fs?
A) up to $1,000
B) between $500 and $20,000
C) between $25,000 and $200,000
D) between $1,000 and $100,000
Crowdfunding
The process of raising funding for a new venture from a large audience (the “crowd”), typically through the Internet.
- Understanding the range of funding options available to entrepreneurs.
- Recognizing the potential funding amounts that can be raised through the 3 Fs.
- Identifying the different funding ranges associated with the 3 Fs.
Verified Answer
GC
Genesis Crespo
Feb 18, 2024
Final Answer :
D
Explanation :
The 3 Fs (friends, family, and fools) typically provide funding between $1,000 and $100,000 to entrepreneurs. While some may receive more, this range is a common expectation for these types of investors.
Learning Objectives
- Understanding the range of funding options available to entrepreneurs.
- Recognizing the potential funding amounts that can be raised through the 3 Fs.
- Identifying the different funding ranges associated with the 3 Fs.
Related questions
Most Entrepreneurs Choose to Seek Out Angel Investors or Other ...
If an Entrepreneur Issues Convertible Debt,he or She Will Lose ...
An Angel Investor Is Frequently a Family Member or Close ...
When Someone States,I Don't Have Money to Start a Business ...
Early-Stage Financing Involves Larger Funds Than Seed-Stage Financing