Question

Maurice wants to make a documentary film on the unequal distribution of money in the world and its effect on different social classes. Instead of approaching a production house, he creates a website for the project where he pitches his idea through a short video and requests the viewers to donate any amount of money to cover the production cost. In the given scenario, which of the following is Maurice using to get the capital for his filma. Crowdfundingb. An angel investorc. Seed moneyd. A venture capital firm

Answer 1

Answer:

A) Crowdfunding

Explanation:

Crowdfunding is used by entrepreneurs or charities (non-profit) to raise money from a large number of people. This is a relatively new way of raising money and is possible basically due to the internet. The entrepreneur or non-profit ask for small contributions or investments, and the goal is to have a lot of people who either invest in a new project or donate. The advantage of the internet is the large audience (hundreds of millions of people) that can be reached.