Crowdfunding

What is crowdfunding?

• Banks giving money to crowds

• Funding a project through raising small amounts of money through a large number of people

• When you need money, asking everyone around you for change

What percentage of total funds are raised in the first 3 days and the last 3 days of a typical crowdfunding campaign?This question is required.

• 20%

• 50%

• 80%

What's a good length for an engaging crowdfunding video?

• 3 minutes or less

• 5 minutes

• 7 minutes

What's the best way to secure contributions to a crowdfunding campaign?This question is required.

• Making phone calls and in-person asks

• Waiting for people to stumble upon your project

• Mass sharing on social media

Projects with teams tend to raise how much more or less than projects without teams?

• Half as much

• About the same

• Twice as much

How many pictures does an effective pitch contain?

• 1 for every 1-2 paragraphs

• 1 for every 3-4 paragraphs

• 1 for every 5-6 paragraphs

Up to how many requests does it often take before someone decides to donate?

• 3

• 5

• 7

What's the most important piece of text within a pitch?

• First header and paragraph

• Middle header and paragraph

• Final header and paragraph

When does a successful strategy for a crowdfunding campaign start?This question is required.

• 1-2 weeks before launching

• 1-2 weeks into the campaign

• 1-2 weeks at the end of the campaign

What's a good range of rewards to offer to incentivize donors?This question is required.

• 2-3 rewards

• 5-7 rewards

• 10-11 rewards