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Exercise
3
Read the Reading strategy. Then answer the questions.
Solution
- Originally, crowdfunding was used to fund creative projects such as books or music albums.
- JustGiving is a charity website where people can ask for donations to support a good cause.
- When people give to a crowdfunding campaign, they usually receive something in return for their money, such as products, experiences, or a share in the business profits.
- On some crowdfunding sites, if the fundraising target isn't met within the specified time limit, the money goes back to all the investors, and the project creator ends up with nothing.
- Over $10 million was raised for the Pebble first smartwatch.
- Investors in the We The Kings album received free concert tickets as a benefit.
- It took just a single day to raise the money to make Video Game High School through crowdfunding.
- Crowdfunding was used to help E-Jayy DeVaughn by raising around $22,000 on the charity site GoFundMe to support his education expenses, such as books and other necessities for attending Harvard University.