CLEAN: Crowdfunding: new capital for new businesses

The video discusses the decision to use Kickstarter for a project expansion, highlighting the rapid success of the campaign, which was fully funded within a week. It explores the impact of crowdfunding, noting that over a million people have backed projects, collectively pledging over $100 million. The video also touches on game mechanics, explaining card effects and damage. It concludes with final thoughts on the power of crowdfunding and entrepreneurship.

What was the initial reaction to the Kickstarter campaign within the first 24 hours?

• It failed to meet expectations.

• It reached the full funding goal immediately.

• It raised more than half of the initial goal.

• It was canceled due to lack of interest.

What is a key factor that makes Kickstarter appealing to entrepreneurs?

• It guarantees project success.

• It provides a source of capital.

• It is only for large companies.

• It requires no effort to manage.

How many projects have been successfully funded through Kickstarter?

• Over 13,000

• Over 5,000

• Over 20,000

• Over 1,000

What is the total amount pledged by backers on Kickstarter?

• $50 million

• $100 million

• $150 million

• $200 million

What is the focus of the final section of the transcript?

• A new Kickstarter campaign

• Game mechanics and card details

• Entrepreneurial success stories

• Financial planning for startups