Suppose you want to finance your own restaurant. Which of the following methods of obtaining seed money would best be described as crowdfunding?

Question

Quizplus · Accepted Answer

Crowdfunding is the process of obtaining funding for a project or venture by raising small amounts of money from a large number of people, typically via the internet. Posting a potential restaurant location, menu, and business plan to a platform like Kickstarter and setting a funding goal would be the best example of crowdfunding. Using a government program, obtaining a business loan from a bank, or asking parents for money would not be considered crowdfunding.

Suppose You Want to Finance Your Own Restaurant