VOICED: Crowdfunding: new capital for new businesses

The creators of Sentinels of the Multiverse initially funded their game through family and friends. As demand for an expansion grew, they turned to Kickstarter, a popular crowdfunding platform. Their campaign quickly succeeded, raising nearly $28,000. This success highlights the growing trend of crowdfunding, which allows entrepreneurs to pool small amounts of money from many backers online. While not replacing traditional lending, crowdfunding is helping small businesses start and grow, contributing to economic development.

How did the creators of Sentinels of the Multiverse initially fund their project?

• Through a bank loan

• With personal savings

• By asking family and friends

• Via a government grant

What platform did the creators use to raise additional funds for their expansion?

• Patreon

• Indiegogo

• Kickstarter

• GoFundMe

What was the outcome of the Kickstarter campaign for Sentinels of the Multiverse?

• They exceeded their goal, raising nearly $28,000

• They decided to cancel the campaign

• They raised exactly their goal amount

• They failed to meet their goal

What is a key benefit of crowdfunding mentioned in the video?

• It guarantees business success

• It replaces traditional lending

• It is only suitable for large corporations

• It helps small businesses start and grow

Why has crowdfunding become a popular option for raising capital?

• Because it offers high-interest loans

• Due to the tough lending climate

• Because it is a government-mandated program

• Because it is only available to tech startups