A Rift in the Ground: Theorizing the Evolution of Anchor Values in Crowdfunding Communities through the Oculus Rift Case Study

Gleasure, Rob; Feller, Joseph

doi:10.17705/1jais.00439

Cited by 47 publications

(49 citation statements)

References 60 publications

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“…As crowdfunding is establishing itself as a new funding channel for entrepreneurs several studies look at the impact of crowdfunding on innovation, beyond the mere fact that crowdfunding seems to be a remedy against underfunding of worthy projects. Gleasure and Feller [2016c], Mollick [2016] and Giudici et al [2018] report case studies that document the relevance of community feedback. Stanko and Henard [2017] argue that crowdfunding impacts innovation via 'open search': pledgers actively contribute to the innovation process by providing feedback/ideas.…”

Section: Crowdfunding and Innovationmentioning

confidence: 99%

“…2 To the best of our knowledge, no study investigated single transactions data from a major reward-based crowdfunding platform [see Agrawal et al, 2014, Belleflamme et al, 2015, Gleasure and Feller, 2016b, Short et al, 2017, for recent surveys on crowdfunding]. See Simons et al [2017], Regner and Crosetto [2017] for studies that analyze the structure of reward levels and Beaulieu and Sarker [2013], Gleasure and Feller [2016c] for studies that look at funding patterns over time using qualitative methods.…”

Section: Introductionmentioning

confidence: 99%

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It's never too late: Funding dynamics and self pledges in reward-based crowdfunding

Crosetto

Regner²

2018

Research Policy

104

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Crowdfunding recently emerged as an alternative funding channel for entrepreneurs. We use pledge-level data from Startnext, the biggest German platform, to gain insights on funding dynamics and pledgers' motivations. We find that the majority of projects that eventually succeed are not on a successful track at 75% of their funding period. These late successes are boosted by information cascades during the final 25% of the funding duration. We conclude -in contrast with earlier literature -that project success is only partially path-dependent. While early pledges do anticipate project success, a lack of them does not necessarily mean that projects will fail. Interviews and questionnaire responses indicate that projects' communication efforts play a role in making severely under track projects succeed eventually. Moreover, our dataset uniquely allows us to quantify the extent of self funding. Self pledges account for about 10% of all initial pledges and 9% of all pledges that secure funding. Nonetheless, the late surges at severely under track projects are mostly driven by external funders. Furthermore, we find no evidence of subsequent herding triggered by self pledges.JEL classifications: L26, D03, G32, 031

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Section: Crowdfunding and Innovationmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

It's never too late: Funding dynamics and self pledges in reward-based crowdfunding

Crosetto

Regner²

2018

Research Policy

104

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“…Virtual Reality (VR) technologies are emerging more and more since Oculus Rift was available on the market [10]. VR systems are computer-generated, interactive, and three-dimensional environments in which people become immersed [46].…”

Section: Individual Learning Flow Cognitive Absorption and Virtualmentioning

confidence: 99%

The Role of Immersive Virtual Reality in Individual Learning

Kampling¹

2018

Proceedings of the 51st Hawaii International Conference on System Sciences

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“…Virtual reality (VR) technologies have gained much popularity since the market entrance of the Oculus Rift (development kit) in 2016 [14]. Recently, a couple of VR technologies such as Oculus Rift, HTC Vive, or PlayStation VR are available on the market [3].…”

Section: Introductionmentioning

confidence: 99%

Agency and Body Ownership in Immersive Virtual Reality Environments: A Laboratory Study

Freude¹,

Ressing

Müller

et al. 2020

Proceedings of the Annual Hawaii International Conference on System Sciences

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Virtual reality (VR) technologies such as head-mounted displays are gaining increasing attention since the Oculus Rift development kit entered the market in 2016. VR is assumed to offer great potential for different purposes such as entertainment, gaming, education, or healthcare. VR provides an enclosed virtual environment in which users can become immersed, can move and look freely at 360degree in any direction, and they can interact, manipulate, or create virtual objects with their entire body. With regard to these properties and the characteristic of immersion, we examine how immersion can be enhanced by the theoretical constructs of agency and body ownership in a VR space. Therefore, we investigate the perception of agency and the sense of body ownership with 69 participants in a laboratory study with a self-developed VR environment. We found a positive significant effect of agency but no effect of body ownership on immersion.

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A Rift in the Ground: Theorizing the Evolution of Anchor Values in Crowdfunding Communities through the Oculus Rift Case Study

Cited by 47 publications

References 60 publications

It's never too late: Funding dynamics and self pledges in reward-based crowdfunding

It's never too late: Funding dynamics and self pledges in reward-based crowdfunding

The Role of Immersive Virtual Reality in Individual Learning

Agency and Body Ownership in Immersive Virtual Reality Environments: A Laboratory Study

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