Questions: Who is being rewarded in reward-based crowdfunding?
early adopters
the entrepreneurs
backers
customers
Transcript text: Who is being rewarded in reward-based crowdfunding?
early adopters
the entrepreneurs
backers
customers
Solution
Answer
The answer is backers.
Explanation
Option 1: Early adopters
Early adopters are individuals who are among the first to use or adopt a new product or technology. While they may participate in crowdfunding campaigns, they are not specifically the ones being rewarded in reward-based crowdfunding.
Option 2: The entrepreneurs
Entrepreneurs are the ones who initiate the crowdfunding campaign to raise funds for their projects. They are not the ones being rewarded; rather, they are seeking support from backers.
Option 3: Backers
Backers are individuals who contribute funds to a crowdfunding campaign. In reward-based crowdfunding, backers are rewarded with various incentives or perks, such as early access to a product, exclusive merchandise, or other benefits, in exchange for their financial support.
Option 4: Customers
Customers are individuals who purchase products or services. While backers can become customers once the product is available, in the context of reward-based crowdfunding, it is the backers who are specifically rewarded for their support.