Prior to appearing on Dragons' Den, mechanical engineers, David Tao and Jayden Li$,$ acquired $$444,551$ on crowdfunding platform, Indiegogo.

Based on Philip's lesson about crowdfunding, what risk do inventors face when they use crowdfunding platforms to raise funds to produce their innovative products?

Question $52$ options:

The innovative product idea can be copied by competitors who have greater resources and who can gain first$-$to$-$market advantage

Crowdfunding platforms charge high campaign fees whether or not crowdfunding goals have been achieved.

Crowdfuncing platforms are unable to guarantee campaigns goals would reach reached by the deadline

Inventors must file costly patent applications, which involve long processing times.