If an entrepreneur uses social media to obtain startup financing from willing providers, this is called

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Crowdfunding is the practice of funding a project or venture by raising small amounts of money from a large number of people, typically via the internet and social media. This can include equity crowdfunding, where investors receive a stake in the company, or rewards-based crowdfunding, where backers receive products or other benefits in exchange for their contribution.

If an Entrepreneur Uses Social Media to Obtain Startup Financing