Small beer? peer‐to‐peer lending in the craft beer sector

Abstract

Peer-to-peer lending has advantages of ease of access to finance, timely and efficient delivery of funding and is particularly beneficial at a specific time in the lifecycle of the firm.

Blockchain and other innovations in entrepreneurial finance: Implications for future policy

“…They address the financing needs of innovative SMEs in mature and emerging markets (notably in respect of VC developments in Nigeria (Ekanem, Owen, & Cardoso, ) and Estonia (Owen & Mason, ), and in developing early stage financing theory for innovative enterprises (Owen, Deakins, & Savic, ), and those with different forms of ownership, found in Scott and Hussain's examination of owner‐manager intersectionality, focusing on gender, ethnicity and social class, and Lyon and Owen's survey of social enterprise. The papers also examine new innovative forms of finance, notably in terms of new approaches to using Blockchain technology in the music and creative industries sector (O'Dair & Owen, ), crowdfunding in the micro‐brewing sector (Mac an Bhaird et al, ), new forms of social enterprise, social impact finance (Lyon & Owen, ), and new approaches to VC and public–private co‐investment in equity finance in mature (Owen, Mac an Bhaird, & North, ) and emerging markets, including smaller, more peripheral economies (Ekanem et al, ; Owen & Mason, ).…”

“…Mac an Bhaird, Owen, Drakopoulou Dodd, Wilson, and Bisignano () investigate the recent surge in crowdfunding post GFC, focusing on the use of P2P lending in the burgeoning UK and Irish micro‐brewing sector. Their case study of 10 ventures at various stages of development reveals findings that give lie to the received wisdom on crowdfunding.…”

Microbreweries and finance in the rural north of Sweden — a case study of funding and bootstrapping in the craft beer sector

“…At the same time, this equipment needs financing, and so do other aspects of entry and survival in the craft brewing sector. This scholarly field, financing in the craft beer sector, has been discussed in several studies, for example van Dijk et al 2018, Cabras and Higgins (2016), and Mac an Bhaird et al (2019).…”

“…Some of these studies touch on financing traditional large-scale breweries and their growth, whereas others focus more on findings on craft brewery funding. Within the craft beer sector, alternative sources are often used, of which crowd funding has been elevated as a relevant tool to raise capital, but also for use as a marketing tool (Mac an Bhaird et al, 2019). Crowd funding can be seen as a particular tool within a number of bootstrapping methods of financing (ibid.…”

“…In terms of the continuously growing craft beer sector, studies of resource gathering for micro and small craft brewers have been undertaken by van Dijk et al (2018), Cabras and Higgins (2016), and Mac an Bhaird et al (2019). However, studies with a broader approach towards resource acquisition of these small, micro, and even pico craft brewers are needed in order to increase the understanding of early stage survival mechanisms in the sector.…”