Explain the concepts of kickstarter and crowdsourcing

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Assignment:

Both businesses featured were started with personal savings. This is a common formula for entrepreneurial ventures, known as "Bootstrapping". Is bootstrapping a good or bad strategy? Please state how much money each business raised. Then explain the concepts of "Kickstarter" and "Crowdsourcing". Is this fundraising method legal in Florida? Lastly, explain two (2) other approaches Plucked and Drought could have used to raise money? Support your conclusions with research citations.

Reference no: EM133455788

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