Asked by Timeless Beauty on Feb 18, 2024
Verified
What happens on Kickstarter if the funds are not raised in the given amount of time?
A) The project is automatically extended for another 30 days.
B) The project owner can keep the money raised up to the end of the period.
C) The project owner can transfer funds earned to a project of his or her choice.
D) The money is not earned and no money will be received.
Crowdfunding
The process of raising funding for a new venture from a large audience (the “crowd”), typically through the Internet.
- Understanding the time limit for fundraising on Kickstarter.
- Understanding the consequences of not reaching the funding goal within the given time frame.
- Understanding the options available to the project owner if the funds are not raised in time.
Verified Answer
CT
Cynthia Tapia
Feb 18, 2024
Final Answer :
D
Explanation :
If the funds are not raised in the given amount of time, the project fails and the money is not earned. No money will be received by the project owner.
Learning Objectives
- Understanding the time limit for fundraising on Kickstarter.
- Understanding the consequences of not reaching the funding goal within the given time frame.
- Understanding the options available to the project owner if the funds are not raised in time.