Suchergebnisse

Purpose
Social ventures have been reported to have a hard time obtaining funding. A growing number of social ventures have used crowdfunding as a viable alternative fundraising tool. This paper aims to investigate among social ventures, what makes some more successful than others in crowdfunding.


Design/methodology/approach
Theoretically, this study builds upon three streams of literature: nonprofit fundraising literature, crowdfunding literature and social entrepreneurship literature. Empirically, it obtains data with a novel Web-crawling approach from the Indiegogo crowdfunding platform and analyzes them with a variety of statistical modeling.


Findings
This study finds that social ventures that have greater internal resources including team size and venture age, stronger partnerships with other entities and more frequent communications with backers via social media and updates have a higher tendency to successfully raise funds from the crowd than those social ventures that do not.


Originality/value
This study seeks to understand social ventures' crowdfunding performance and identify the specific factors that have led some social ventures to be more successful than other social ventures. It builds a novel data set and uses different statistical models to explore the intersection of social entrepreneurship and digital crowdfunding. In addition, this study provides actionable strategies for social ventures to improve their crowdfunding performance while providing practical implications for increasing people's knowledge of and participation in social entrepreneurship through education and public policy. Overall, this study contributes to both social entrepreneurship and crowdfunding literature while offering practical implications.

Crowdfunding describes the collective cooperation, attention and trust by individuals who network and pool their money via a preferred Internet platform to support efforts initiated by other people or organizations. The "crowd" in crowdfunding is comprised of online donors from a web platform. Though crowdfunding crosses the lines of commercial, political and non-profit campaigns, it's been most notable as a haven for philanthropic opportunity, namely the broad area we call "the arts." This post was originally published on the Cardozo Arts & Entertainment Law Journal website on January 14, 2015. The original post can be accessed via the Archived Link button above.

The beginning of crowdfunding in Russia is associated with a launch of the crowdfunding platform for creative projects Kroogi. Although it has been 10 years since Kroogi was established, we have to admit that crowdfunding in Russia remains a comparatively small and local market. Definitely, the Russian crowdfunding industry has experienced substantial fluctuations, but nowadays it shows sustainable growth and both market players and the regulator believe in its prospective, so that new players appear, new regulations are expected. In 2017, the biggest Russian crowdfunding platform Planeta.ru celebrated its fifth anniversary and claimed to have raised over 770 million Russian rubles. Still, the rate of successfully funded projects is rather low. To improve the situation it is necessary to find out which crowdfunding projects potential backers are more willing to support. Within the scope of this paper we provide quantitative analysis of open data on 9 179 projects divided by 15 categories from two largest non-equity-based crowdfunding platforms in Russia. The key findings demonstrate the total funding, the largest categories by number of projects, most popular categories within the backers support, the sum of average pledges. Issues for further research and discussion are identified including factors of project success and backers' motivation. ; peer-reviewed

The book focuses on smart computing for crowdfunding usage, looking at the crowdfunding landscape, e.g., reward-, donation-, equity-, P2P-based and the crowdfunding ecosystem, e.g., regulator, asker, backer, investor, and operator. The increased complexity of fund raising scenario, driven by the broad economic environment as well as the need for using alternative funding sources, has sparked research in smart computing techniques. Covering a wide range of detailed topics, the authors of this book offer an outstanding overview of the current state of the art; providing deep insights into smart computing methods, tools, and their applications in crowdfunding; exploring the importance of smart analysis, prediction, and decision-making within thefintech industry. This book is intended to be an authoritative and valuable resource for professional practitioners and researchers alike, as well as finance engineering, and computer science students who are interested in crowdfunding and other emerging fintech topics.

Als Erste sammelten unabhängige Film- und Musikproduzenten das nötige Kapital für Projekte bei Sympathisanten im Internet ein. Jetzt ist dieses neuartige Finanzierungsinstrument auch in der Gesundheitsbranche angekommen. Der Finanzdienstleister Aescuvest hat im Dezember die erste Crowdfunding-Plattform für den Gesundheitsmarkt im deutschsprachigen Raum etabliert.

"Perhaps the most striking feature of "crowdfunding" is the broad geographic dispersion of investors in small, early-stage projects. This contrasts with existing theories that predict entrepreneurs and investors will be co-located due to distance-sensitive costs. We examine a crowdfunding setting that connects artist-entrepreneurs with investors over the internet for financing musical projects. The average distance between artists and investors is about 3,000 miles, suggesting a reduced role for spatial proximity. Still, distance does play a role. Within a single round of financing, local investors invest relatively early, and they appear less responsive to decisions by other investors. We show this geography effect is driven by investors who likely have a personal connection with the artist-entrepreneur ("family and friends"). Although the online platform seems to eliminate most distance-related economic frictions such as monitoring progress, providing input, and gathering information, it does not eliminate social-related frictions"--National Bureau of Economic Research web site