Crowdfunding has become an alternative to tapping traditional fund-raising mechanisms for social entrepreneurial ventures.

Question

Quizplus · Accepted Answer

This statement is true. Crowdfunding has become a popular way for social entrepreneurs to raise funds without relying on traditional methods such as bank loans or venture capital. Instead, they can pitch their idea to a large number of individuals and receive small contributions from each, allowing them to reach their funding goals.

Crowdfunding Has Become an Alternative to Tapping Traditional Fund-Raising Mechanisms