The JOBS Act and crowdfunding: Harnessing the power—and money—of the masses

Stemler, Abbey

doi:10.1016/j.bushor.2013.01.007

Cited by 163 publications

(89 citation statements)

References 2 publications

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“…In many countries, crowdfunding is also receiving increasing political and legal attention. The most prominent example of legislation on crowdfunding can be found in the United States, where equity-based crowdfunding has been legalised by the JOBS act (Stemler, 2013).…”

Section: Literature Review: Theoretical Foundations and Research Objementioning

confidence: 99%

Crowdfunding for environmental ventures: an empirical analysis of the influence of environmental orientation on the success of crowdfunding initiatives

Hörisch

2015

Journal of Cleaner Production

210

192

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Section: Literature Review: Theoretical Foundations and Research Objementioning

confidence: 99%

Crowdfunding for environmental ventures: an empirical analysis of the influence of environmental orientation on the success of crowdfunding initiatives

Hörisch

2015

Journal of Cleaner Production

210

192

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“…A lack of operating history and/or proven track record contributes to the challenges of obtaining credit (Stemler, 2013). Entrepreneurs therefore often turn to a variety of external capital sources, including venture capitalist funds, banks, leasing firms, as well as private individuals (Cosh et al, 2009) such as the entrepreneur's friends and family (Agrawal, Catalini, & Goldfarb, 2014).…”

Section: Introductionmentioning

confidence: 99%

Strategies for reward-based crowdfunding campaigns

Kraus

Richter

Brem

et al. 2016

Journal of Innovation & Knowledge

168

113

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JEL classification: M13 O3 O31 O320 Keywords: Crowdfunding Reward-based Success factors Germany fsQCA Communication a b s t r a c t Crowdfunding represents an alternative way of funding entrepreneurial ventures -and is attracting a high amount of interest in research as well as practice. Against this background, this paper analyzes reward-based crowdfunding campaign strategies and their communication tools. To do this, 446 crowdfunding projects were gathered and empirically analyzed. Three different paths of successful crowdfunding projects could be identified and are described in detail. Practical implications of crowdfunding strategies are derived, and are dependent on the required sales effort and the project added value. The terms communicator, networker and self-runner are created for this crowdfunding strategy and filled with practical examples. This paper contributes to the literature in different ways: first, it sheds more light on the developing concept of crowdfunding, with an overview of current academic discussions on crowdfunding. Furthermore, the analysis of success factors for crowdfunding initiatives adds to an emerging area of research and allows entrepreneurs to extract best practice examples for increasing the probability of successful crowdfunding projects under consideration of the key influencing factors of communication. Códigos JEL: M13 O3 O31 O320r e s u m e n El crowdfunding representa un modo alternativo de financiar proyectos empresarialesy está atrayendo un gran interés tanto en el ámbito de la investigación como en la prác-tica. En este contexto, este artículo analiza las estrategias de campañas de crowdfunding de recompensa y sus herramientas de comunicación. Con este fin, se han reunido y

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“…In addition to the social impact of crowdfunding and its interest from the financial media, and more recently, the academic business community (Shiller 2013;Mollick 2014;Bruton et al 2015), various governments have recognized its relevance to developing countries (Royal and Windsor 2014), and consequently, they have given attention to regulating this activity (Agrawal et al 2014). For example, the US Government recently approved legislation entitled the Jumpstart Our Business Startups Act (JOBS Act), which has the main objective of stimulating access by companies in the emerging growth stage (Stemler 2013).…”

mentioning

confidence: 99%

The impacts of fundraising periods and geographic distance on financing music production via crowdfunding in Brazil

Mendes‐Da‐Silva

Rossoni²,

Conte

et al. 2015

J Cult Econ

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We conduct an analysis of 1835 pledges to 10 music production projects hosted on the largest Brazilian crowdfunding platform, namely the Catarse Web site, and we assess the relation between the fundraising accumulation period, the donor-entrepreneur distance and the propensity of donors to back projects. Our results suggest a significantly negative association between distance and the value of capital pledged to projects, which is consistent with the notion that the entrepreneur's network of close contacts might play a central role in funding. Furthermore, our results contradict the idea that crowdfunding reduces the inhibiting effect of donor-entrepreneur distance. In addition, the results show that a long project exposure is associated with higher values of pledges. These results suggest practical implications for the study of crowdfunding as a financing platform. This

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The JOBS Act and crowdfunding: Harnessing the power—and money—of the masses

Cited by 163 publications

References 2 publications

Crowdfunding for environmental ventures: an empirical analysis of the influence of environmental orientation on the success of crowdfunding initiatives

Crowdfunding for environmental ventures: an empirical analysis of the influence of environmental orientation on the success of crowdfunding initiatives

Strategies for reward-based crowdfunding campaigns

The impacts of fundraising periods and geographic distance on financing music production via crowdfunding in Brazil

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