Crowdfunding- basics

What is not the element of Crowdsourcing by Jeff Howe?

• Crowdfunding

• Crowd creation

• Crowd Wisdom

• Crowd debate

Explain reward- based Crowdfunding

• Philanthropic donation or gift, no return expected

• Contribution in exchange for a perk or a pre-order of a product

• Investment for an ownership stake in the business

• Capital repayment most often with interest

Explain donation- based Crowdfunding

• Philanthropic donation or gift, no return expected

• Contribution in exchange for a perk or a pre-order of a product

• Investment for an ownership stake in the business

• Capital repayment most often with interest

Explain the definition of Crowdfunding by European Commission

• traditional type of finance in which the backing community and project initiators in need of finance are reunited via dedicated online platforms called crowdfunding platforms

• an alternative type of finance in which the backing community and project initiators in need of finance are reunited via dedicated online platforms called crowdfunding platforms

Peer to peer consumer lending

• Contribution in exchange for a perk or a pre-order of a product

• Investment for an ownership stake in the business

• individuals or institutional funders provide a loan to a consumer borrower

• individuals or institutional funders provide a loan to a business borrower

What is the role of the project owner in CF?

• intermediary between project owner and supporter

• entity giving money

• person or team that created a project

the second phase of CF process is

• Campaign

• Pre-campaign

• Post-campaign

the first phase of CF process is

• Campaign

• Pre-campaign

• Post-campaign

What is not the added value of CF?

• Market research

• Crowdsourcing

• Community building

• Proof of concept-concept validation

• funding by a bank

The name of contributor in equity-based CF is

• lender

• investor

• donor

• backer