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 Mohamoud
Feb 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.
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