Crowdfunding  : les trajectoires du succès… ou de l’échec

Corbel, Pascal; Charreire-Petit, Sandra; Dubocage, Emmanuelle

doi:10.3917/inno.pr1.0037

Cited by 5 publications

(2 citation statements)

References 35 publications

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“…The first few days of a campaign are crucial for fundraising. When a campaign gets off to a good start, unless fundraising slows down very quickly, it is almost always successful (Corbel et al, 2018). Kim and Viswanathan (2013) find that early investments have a strong impact on later investments in the case of equity crowd-funding.…”

Section: 4) Contribution Of Early Stage Professional Investors To The...mentioning

confidence: 99%

Key Success Factors for Crowdfunding Operations of Entrepreneurial Project Holders

TATCHEMO

NONGNI²,

DANMOU³

et al. 2022

JEPM

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Mainly motivated by the need to improve the success rate of fundraising campaigns on crowdfunding platforms, this article aims to identify the key success factors of crowdfunding operations initiated by Cameroonian entrepreneurs. Within this framework, an empirical study was carried out on 50 project leaders operating in various sectors of activity and having conducted funding campaigns between 2017 and 2020. This sample, selected using the reasoned choice method combined with the snowball technique, was analysed using appropriate statistical tests. In this context, the first step was to test the relationship of dependence or independence between the success of a campaign and its socio-demographic characteristics through a descriptive analysis. Based on this step, the variables deemed significant were included in a proven model via binary logistic regression, which made it possible to highlight characteristics specific to projects and entrepreneurs whose fundraising campaigns were successful. Following this approach, the results obtained show that the level of education, the length of professional experience, the size of the share capital and the contribution of professional investors are positively and significantly associated with the success of a crowdfunding operation in Cameroon. These results reinforce the theory in the sense that they teach us that certain indicators related to the project holders as well as the project itself can constitute positive signals for the target audience. Therefore, these entrepreneurs need to optimise on these characteristics in order to maximise the probability of success of their fundraising campaigns.

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Section: 4) Contribution Of Early Stage Professional Investors To The...mentioning

confidence: 99%

Key Success Factors for Crowdfunding Operations of Entrepreneurial Project Holders

TATCHEMO

NONGNI²,

DANMOU³

et al. 2022

JEPM

View full text Add to dashboard Cite

show abstract

“…As Schumpeter points out, not all entrepreneurs have the same wealth and face significant inequalities in access to credit. Also, more recently, the banker's reluctance has led to the development of alternative means of financing such as crowdfunding (Corbel et al, 2018;Mariage and Le Pendeven, 2015), which is largely based on the trust that the various financers have in the entrepreneur and in his project, whether or not they are close to each other. Moreover, the increase in the supply of entrepreneurs since the 1980s is basically the result of rising unemployment.…”

Section: Management Of Innovationmentioning

confidence: 99%

The economics of the entrepreneur and the banker historical roots and contributions to the management of innovation

Boutillier

2019

EJIM

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Purpose The purpose of this paper is to study the nature of the relationship between the entrepreneur and the banker, which is central to any analysis of business creation and innovation management. The author’s main purpose is to understand how this relationship has been studied by the pioneer economists of the entrepreneur and to highlight their contribution to the understanding of today’s reality. Design/methodology/approach To do so, the author proposes a sketch of an entrepreneur and banker economics based on the study of six economists (Cantillon, Smith, Bentham, Say, Schumpeter and Baumol) known for their works on entrepreneur theory. In their works, they explained how the (often difficult) relationship between the entrepreneur and the banker is built in a context of multi-uncertainty. They define the entrepreneur in different ways (a risk-taker, a prudent man, a projector, etc.), and put forward different behaviors facing uncertainty through social relations. The relationship between the entrepreneur and the banker can be read according to the grid of analysis of strong or weak ties (Granovetter, 1973). Findings This analysis demonstrates the importance of trust between the two protagonists. This contribution remains fundamental to study the behavior of financers and entrepreneurs today in the context of business eco-systems, clusters, science parks ‒ in other words, the main places of emergence of innovation. Research limitations/implications This research leads to the proposal of the main basis of an economics of the entrepreneur and the banker; it can be further developed with the addition of other contributions of historical economists. Practical implications This research shows the importance of thinking about the ways to build trust within the relation between entrepreneurs and their funders (bankers, venture capital, crowdfunding). Social implications The analysis of social ties (weak or strong) plays a major role in this relation. Originality/value The originality of the article is to come back to the works of pioneer economists and to show their contributions to the understanding of today’s reality.

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Le financement participatif de projets d’énergies renouvelables (EnR) : éclairages sur le modèle économique et les risques d’une plateforme française

et al. 2019

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Les plateformes de crowdfunding interviennent comme une nouvelle forme d’intermédiation financière plébiscitée pour répondre aux besoins de financement de projets dans les énergies renouvelables (EnR). Cet article analyse la plateforme française d’investissement participatif dédiée aux projets d’EnR : Enerfip. Au regard du Business Model Canvas d’Osterwalder (2004) et Osterwalder et Pigneur (2011), il propose une représentation du modèle économique de la plateforme, de sa matrice de risques et des stratégies qu’elle met en place pour les gérer. Enfin, cet article identifie les insuffisances de ces stratégies et discute différents leviers d’action pour y remédier. Codes JEL : G23, G24, L21, L81, M21, Q55

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Crowdfunding : les trajectoires du succès… ou de l’échec

Cited by 5 publications

References 35 publications

Key Success Factors for Crowdfunding Operations of Entrepreneurial Project Holders

Key Success Factors for Crowdfunding Operations of Entrepreneurial Project Holders

The economics of the entrepreneur and the banker historical roots and contributions to the management of innovation

Le financement participatif de projets d’énergies renouvelables (EnR) : éclairages sur le modèle économique et les risques d’une plateforme française

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