Asked by Christine Hoang on Feb 18, 2024
Verified
Lorraine offers to give people a percentage of the profits earned from her theater production as a reward for donating $100 to the production's equipment.Kickstarter did not approve her campaign because ______.
A) it was a theater production and not a product
B) she wanted to offer a financial reward
C) she was asking too much of an investment,given the reward
D) she was asking too little of an investment,given the reward
A) it was a theater production and not a product
B) she wanted to offer a financial reward
C) she was asking too much of an investment,given the reward
D) she was asking too little of an investment,given the reward
Equity Crowdfunding
A form of crowdfunding that gives investors the opportunity to become shareholders in a company.
- Understanding the criteria for approval on Kickstarter campaigns
- Recognizing the difference between a theater production and a product
- Understanding the limitations on offering financial rewards on Kickstarter
Verified Answer
YT
Yessenia Torres
Feb 18, 2024
Final Answer :
B
Explanation :
Kickstarter does not allow campaigns to offer equity or financial returns as rewards, as it violates their rules on fundraising and investment. Therefore, Lorraine's offer to give a percentage of profits as a reward for donations would not be allowed on the platform.
Learning Objectives
- Understanding the criteria for approval on Kickstarter campaigns
- Recognizing the difference between a theater production and a product
- Understanding the limitations on offering financial rewards on Kickstarter