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Crowdfunding

Total questions: 10

Worksheet time: 6mins

Name
Class
Date
1.

What is crowdfunding?

a)

Banks giving money to crowds

b)

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

c)

When you need money, asking everyone around you for change

2.

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.

a)

20%

b)

50%

c)

80%

3.

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

a)

3 minutes or less

b)

5 minutes

c)

7 minutes

4.

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

a)

Making phone calls and in-person asks

b)

Waiting for people to stumble upon your project

c)

Mass sharing on social media

5.

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

a)

Half as much

b)

About the same

c)

Twice as much

6.

How many pictures does an effective pitch contain?

a)

1 for every 1-2 paragraphs

b)

1 for every 3-4 paragraphs

c)

1 for every 5-6 paragraphs

7.

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

a)

3

b)

5

c)

7

8.

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

a)

First header and paragraph

b)

Middle header and paragraph

c)

Final header and paragraph

9.

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

a)

1-2 weeks before launching

b)

1-2 weeks into the campaign

c)

1-2 weeks at the end of the campaign

10.

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

a)

2-3 rewards

b)

5-7 rewards

c)

10-11 rewards