Crowdfunding as a Font of Entrepreneurship: Outcomes of Reward-Based Crowdfunding

Published Research

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

Working Papers

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

Can crowdfunding crowd out venture capital investment?

Working Papers

In recent years, crowdfunding has emerged as a viable new platform for raising funds for new products and ideas. In this project, we ask: How does this new form of entrepreneurial financing interact with the more traditional financing sources, such as venture capital and bank financing?Read More

Why Established Firms Should Keep an Eye on Kickstarter

Ethan Mollick

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

Bandar Foods co-founders Dan Gablik and Lalit Kalani

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 risenRead More