Crowdfunding sustainable entrepreneurship: What are the characteristics of crowdfunding investors?

Tenner, Isabell; Hörisch, Jacob

doi:10.1016/j.jclepro.2020.125667

Cited by 44 publications

(35 citation statements)

References 53 publications

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“…Scale-Up is such a fund, organized as a venture capital investing in start-up or early stage companies aiming for a positive societal impact [3]. Interestingly, the need for privately organized impact funds is high, for two reasons: They can serve as a financing tool to achieve the Sustainable Development Goals under the 2030 Agenda [17], and they provide an answer to the difficulties social and/or sustainable entrepreneurs face in securing funding from conventual financing mechanisms [25]. Related to the latter, LCDB also relied on reward-based crowdfunding.…”

Section: Theoretical Backgroundmentioning

confidence: 99%

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Teaching Case: Social Entrepreneurs and Impact Investors: A Match Made in Heaven?—Case Study of Le Champignon de Bruxelles

et al. 2021

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This teaching case addresses the strategic choices of social entrepreneurs and the issues they face in search of funding. In the heart of Europe’s capital, Brussels, two aspiring entrepreneurs founded Le Champignon de Bruxelles to produce exotic mushrooms. Being true social entrepreneurs, they use a recycled substrate—brewery dredge—to do so, as such, minimizing the distance the mushrooms travel from farm to plate. After the typical “entrepreneur-in-the-basement” start, they are now at a turning point. They established themselves as a serious player in the market, producing over 6000 kg of mushrooms every month. This journey, however, did not come without its challenges. Along the way, they struggled to reconcile their idealistic mindset with the realities of the economic system and adopted a more pragmatic approach in response. At the moment, they are at a decisive moment in the company’s development and are contemplating whether their current business model should be diversified and internationalized.

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Section: Theoretical Backgroundmentioning

confidence: 99%

“…As explained in the teaching case, they took part in a local crowdfunding event called 'Europe Refresh' from 'KissKissBankBank ' [9]. Crowdfunding is a financing channel allowing individuals to invest in sustainable entrepreneurial activities, without the need to involve conventional financial intermediaries while doing so [25].…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Teaching Case: Social Entrepreneurs and Impact Investors: A Match Made in Heaven?—Case Study of Le Champignon de Bruxelles

et al. 2021

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“…Apart from the gathering of monetary funds, marketing effects can also be observed [30][31][32]. Therefore, crowdfunding is becoming a popular alternative to traditional financing options, such as bank loans or investors [33][34][35]. Running a crowdfunding campaign better preserves the independence of the company or the project than applying other alternatives [16,36,37].…”

Section: Introductionmentioning

confidence: 99%

“…Although the research on fundraising for media [39,40], as well as crowdfunding research [35,41], is ongoing and quite extensive, there has been little research about their intersection, or about how crowdfunding can be used for financing media [42]. Especially lacking is research into the ways that the independent media are using crowdfunding to finance their operations and stay autonomous in the long run.…”

Section: Introductionmentioning

confidence: 99%

Crowdfunding for Independent Print Media: E-Commerce, Marketing, and Business Development

et al. 2021

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Crowdfunding, as an alternative method to fundraising, triggers increased awareness in society, while it is also an effective marketing tool for campaign runners. The production and release of independent print media poses significant hurdles in terms of financing. Including the community in raising funds through crowdfunding seems like a good possible alternative. This paper examines which types of crowdfunding the independent print media use, and why, and also focuses on the possible types of crowdfunding that are the best fit for organizations. The study applies a case example approach on a total of thirty independent print publications that have relied on crowdfunding. We found that independent print media focus on reward-based crowdfunding for the launch of publications, the method being not used solely for fundraising, but also specifically for community building. Practitioners benefit from the insights by being enabled to draft campaigns that are better-suited to the specific needs of the independent media target group, and to secure financing for the start of the operations. The approach of this study is of special value, as the research and empirical insights into the independent media sector are limited.

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“…Furthermore, crowdfunding platforms are of interest to scientists and researchers who seek to implement their research projects focusing on COVID-19-related topics. These projects attract donors with different kinds of motivation and decision criteria [6]. Thus, investigating motivation itself and motivation for donation is crucial for the promotion and development of crowdfunding platforms.…”

Section: Introductionmentioning

confidence: 99%

COVID-19 crisis impact on the stability between parties in crowdfunding and crowdsourcing

Liu

Panfilova

Mikhaylov

et al. 2021

Wireless Pers Commun

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This research reviews challenges in building sustainable relationships between the parties involved in the crowdfunding and crowdsourcing projects, which are running in extreme situations, such as the COVID-19 pandemic. This study aims to solve problems that generate the crowdsourcing concerns and to find better alternatives to increase trust for crowdfunding among donors, as this impacts their strategic sustainability in the conditions of turbulence and COVID-induced financial crisis. It was found that factors influence donor decisions in different ways, yet the common tendency for donor activity is non-monotonicity. Future development in the field of sustainable relationships should focus on creating a donor classification system.

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Crowdfunding sustainable entrepreneurship: What are the characteristics of crowdfunding investors?

Cited by 44 publications

References 53 publications

Teaching Case: Social Entrepreneurs and Impact Investors: A Match Made in Heaven?—Case Study of Le Champignon de Bruxelles

Teaching Case: Social Entrepreneurs and Impact Investors: A Match Made in Heaven?—Case Study of Le Champignon de Bruxelles

Crowdfunding for Independent Print Media: E-Commerce, Marketing, and Business Development

COVID-19 crisis impact on the stability between parties in crowdfunding and crowdsourcing

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