Social networks can help protect your venture by giving you advice when you are confronted with high-risk situations or are going through a rough patch.

Question

BlackTom AI · Accepted Answer

Consider the statement about social networks and venture protection. 
Option 1: True. This claim holds because social networks often provide access to mentors, peers, and experts who can share experience-based advice, warn about high-risk approaches, and offer emotional support during difficult periods. Such networks can reduce uncertainty, improve decision-making, and provide practical resources or introductions when navigating a rough patch. 
Option 2: False. This would imply that social networks do not offer protective benefits in high-risk scenarios or challenging times, which contradicts common understanding of how entrepreneurial communities and networks function. In reality, many founders rely on their networks for risk assessment, feedback, and reassurance, making this option incorrect. 
In summary, the assertion that social networks can help protect a venture by providing guidance in high-risk or tough times aligns with how networks serve as advisory and support ecosystems, while denying this role ignores well-documented benefits of such networks.

33:382:302:03 INTRO TO ENTREPREN Intro to Entrepreneurship Midterm Exam Fall 2025

Social networks can help protect your venture by giving you advice when you are confronted with high-risk situations or are going through a rough patch.

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