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Questions and Answers
Which funding option involves collecting money from a large number of people via online platforms?
Which funding option involves collecting money from a large number of people via online platforms?
- Customer Funding
- Incubator/Accelerator
- Bootstrapping
- Crowd Funding (correct)
What is the primary difference between accelerators and incubators?
What is the primary difference between accelerators and incubators?
- Accelerators focus on building business models, while incubators provide funding for existing companies
- Accelerators provide up-front funding, while incubators focus on building business models
- Accelerators focus on disruptive ideas, while incubators accelerate growth of existing companies (correct)
- Accelerators incubate disruptive ideas, while incubators accelerate growth of existing companies
What does bootstrapping involve?
What does bootstrapping involve?
- Accelerating the growth of an existing company
- Agreeing to provide the vendor with up-front funding
- Raising money from a large number of people via online platforms
- Using personal funds or operating revenue to finance a business (correct)
What is customer funding?
What is customer funding?
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What is the goal of incubators?
What is the goal of incubators?
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