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Questions and Answers
What is the main problem faced by startups when seeking funding?
What is the main problem faced by startups when seeking funding?
- Excessive government regulations
- Overabundance of available capital
- Limited access to networking opportunities
- Demanding collateral and high credit score requirements (correct)
- Lack of innovative ideas
What type of loans does WWA offer to address the funding problem?
What type of loans does WWA offer to address the funding problem?
- Student loans for educational purposes
- Unsecured loans with no upfront costs or assets (correct)
- Mortgage loans for real estate investments
- Secured loans with high collateral requirements
- Payday loans with exorbitant interest rates
What is the paradox mentioned in the text?
What is the paradox mentioned in the text?
- Traditional funding solutions always meet startups' unique circumstances
- Established businesses face no financial challenges
- Startups always have ample funds and perfect credit
- Innovative businesses never face hurdles
- Innovative businesses struggle due to rigid financial criteria that don't reflect their viability (correct)
What does WWA aim to do for startups?
What does WWA aim to do for startups?
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What is the focus of WWA's financing approach?
What is the focus of WWA's financing approach?
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