Herbert gained most of the capital for his new start-up project by posting a small demonstration of his product on a website that he created especially for the project. Many people showed genuine interest in his product and donated money to help him launch it. In the given scenario, Herbert:_____.
a. was able to fund his project through venture capital.
b. received money for his venture from angel investors.
c. received money for his venture through crowdfunding.
d. was able to fund his project through seed money.

Question

06-02-2020
Business

contestada

Herbert gained most of the capital for his new start-up project by posting a small demonstration of his product on a website that he created especially for the project. Many people showed genuine interest in his product and donated money to help him launch it. In the given scenario, Herbert:_____.
a. was able to fund his project through venture capital.
b. received money for his venture from angel investors.
c. received money for his venture through crowdfunding.
d. was able to fund his project through seed money.

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mandhlelaz mandhlelaz · Answer 1 · 2020-02-07T16:15:40+01:00

Answer:d. was able to fund his project through seed money.

Explanation:Seed money is the money given to someone so that they can start their business venture , it is called a seed money because it is like planting a seed knowing that you will enjoy the fruits of its growth. People who give an entrepreneur this money help him or her get a start up capital whilst they also have hope that they would be part of his or her success and likely get the return as their investment in the future.