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B2 - CROWDFUNDING FAQs

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    UNIT 7
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  • Do you need to have a lot of money to be a backer?
    No. Anybody can be a backer. Usually you can pledge as little as $10 to back a project. W
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  • What are some of the most successful projects to come from crowdfunding?
    A video game called ‘Star Citizen’ aimed to raise $500,000.  Neil Young, raisedover $6 million to create a brand new digital music player.
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  • What sort of projects can you get crowdfunding for?
    Any type. It could be to make an album, a book, a film, a video game, a new piece of technology.
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  • What are the advantages of crowdfunding for the artist or creator of the project?
    there's no need to follow the instructions or guidance of a company.
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  • What can you do if you have an idea for a project?
    you need to decide what exactly you are aiming to do, how you are going to do it, and how much money and time you need.
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  • What is crowdfunding?
    Crowdfunding is a way to raise money for a particular project from a large group of people, usually via the Internet.
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  • What are the advantages of crowdfunding for the backer? Give examples
    Backers are usually offered special ‘rewards’ for supporting a project.For example, 
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  • How successful is crowdfunding?
    n 2013, the crowdfunding industry grew to over $5.1 billion worldwide. And if early data is any indication, it’s just getting started and should present major g
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