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.

What initial funding sources did the creators of Sentinels of the Multiverse use?

How did the creators of the game respond to the demand for an expansion?

What was the outcome of their Kickstarter campaign within the first 24 hours?

What is the significance of crowdfunding in the current lending climate according to experts?

In what ways does crowdfunding help small businesses according to the text?