Herbert Gained Most of the Capital for His New Start-Up

question 150

Multiple Choice

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) received money for his venture through crowdfunding.
• B) received money for his venture from angel investors.
• C) was able to fund his project through venture capital.
• D) was able to fund his project through seed money.

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Definitions:

Large Businesses

Corporations or enterprises that operate on a vast scale, often with extensive resources, employees, and market reach.

Small Ones

Refers to items, entities, or units that are lesser in size, quantity, or significance.

Maslow's Hierarchy

A psychological theory proposing that human needs are arranged in a hierarchy, from basic physical needs to complex self-fulfillment needs.

Psychological Needs

Fundamental human requirements such as love, esteem, belonging, and self-actualization that are essential for mental health and well-being.