We study how a new development in entrepreneurship—crowdfunding—interacts with more traditional financing sources, such as venture capital (VC) and bank financing. …Read More
Does Crowdfunding Benefit Entrepreneurs and Venture Capital Investors?
crowdfunding
Initial Coin Offerings, Speculators, and Asset Tokenization
Initial coin offerings (ICOs) are an emerging form of fundraising for blockchain-based startups. We examine how ICOs can be leveraged in the context of asset tokenization, whereby firms issue tokens backed by future assets (i.e., inventory) to finance growth.…Read More
Overshooting in Startup Fundraising: A Doomed Bubble or a Great Lie?
Fundraising for early-stage startups has become increasingly easier with the rise of crowd-funding platforms. This project asks how an entrepreneur can set his or her targeted goal to attract more investor money. …Read More
Crowdfunding as a Font of Entrepreneurship: Outcomes of Reward-Based Crowdfunding
Crowdfunding allows founders of for-profit, artistic, and cultural ventures to fund their efforts by drawing on relatively small contributions from a relatively large number of individuals using the internet, without standard financial intermediaries. Crowdfunding has been drawing substantial attention from policy makers, managers, and entrepreneurs, but relatively little notice from academics.…Read More
Social Is the New Financial: How Startup Social Media Activity Influences Funding Outcomes
In this project, we explore the impact of startup firms’ social media activities on their entrepreneurial financing performance. Social media can mitigate information problems in entrepreneurial financing in two ways.…Read More
When Crowdfunding Crowds Out the Competition
Crowdfunding platforms such as Kickstarter have been popular in the U.S. for several years, allowing everyday consumers to fund entrepreneurial ventures in return for the finished product. While such “reward-based” crowdfunding can open many doors for entrepreneurs, could it also close others?…Read More
The Bright Side of the Biotech Funding Bust
Biotech start-ups are a critical source of life-saving discoveries. What happens when VCs won’t fund them?…Read More
Why Established Firms Should Keep an Eye on Kickstarter
Crowdfunding has exploded in popularity since 2009, and its pace shows no signs of slowing. Funded researcher Ethan Mollick argues that this trend poses important implications for established firms as well as entrepreneurs.…Read More
Crowdfunding Presents a New Phenomenon in Entrepreneurship
When it comes to starting businesses, some entrepreneurs are taking an alternative route to conventional venture capital fundraising – what industry calls “crowdfunding.” Crowdfunding, raising money from the public via online resources such as Kickstarter.com, is a relatively new phenomenon. Its potential to propel entrepreneurs to success has recently risen…Read More