a. Take a minute to explore these sites and view some of the projects up for funding.
Question:
a. Take a minute to explore these sites and view some of the projects up for funding. How are these projects organized? Do you think these models are effective? Why or why not?
b. Both Donors Choose and Kiva are not-for-profits; do you think these models are useful for “for-profit” businesses? Why or why not?
Not-for-profit organizations have used social media to redefine how they can get funding for their missions. There are even a few that exist totally online. Check out www.donors choose.org and www.kiva.org. Both of these depend on crowds (called crowdfunding) to either fund educational projects (Donors Choose) or lend money to support projects all over the world (Kiva) using the microfinancing model.
Step by Step Answer:
Foundations of Business
ISBN: 978-1337386920
6th edition
Authors: William M. Pride, Robert J. Hughes, Jack R. Kapoor