Crowdfunding (Junior Cert Business Studies): Flashcards
📚Flashcards
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Practise the cards
14 cards from this deck
Crowdfunding definition
Crowdfunding definition
Raising money by collecting small amounts from many people via online platforms
What crowdfunding bypasses
What crowdfunding bypasses
Traditional financial institutions
Three main types of crowdfunding
Three main types of crowdfunding
Donation-based, lending-based, equity-based
Donation-based crowdfunding
Donation-based crowdfunding
Support without expecting financial returns
Platform for donation-based crowdfunding
Platform for donation-based crowdfunding
Kickstarter
Alternative name for lending-based crowdfunding
Alternative name for lending-based crowdfunding
Peer-to-peer lending
Platform for lending-based crowdfunding
Platform for lending-based crowdfunding
Linked Finance
Equity-based crowdfunding
Equity-based crowdfunding
Contributors become partial owners by purchasing shares
Platform for equity-based crowdfunding
Platform for equity-based crowdfunding
Seedrs
Investor definition
Investor definition
Someone who provides money expecting financial returns
Crowdfunding benefit: market validation
Crowdfunding benefit: market validation
Successful campaign proves genuine public interest in idea
Crowdfunding benefit: marketing
Crowdfunding benefit: marketing
Creates publicity and awareness about the business
Crowdfunding challenge: idea exposure
Crowdfunding challenge: idea exposure
Competitors might copy or steal ideas published publicly
Crowdfunding challenge: public failure
Crowdfunding challenge: public failure
Unsuccessful campaigns can damage business reputation