Opportunities for Entrepreneurial Development and Growth through Online Communities, Collaboration, and Value Creating and Co-Creating Activities

Shneor, Rotem; Flåten, Bjørn-Tore

doi:10.1057/9781137479761_11

Cited by 21 publications

(17 citation statements)

References 45 publications

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“…Some crowdfunding efforts, such as art or humanitarian projects, follow a patronage model, placing funders in the position of philanthropists, who expect no direct return for their donations (Mollick, 2014). Value creation is essential for developing content sharing and cocreation by involving various stakeholders to participate in alternative financial evolution (Shneor and Fl aten, 2015). The higher venture quality with substantial human capital has a positive impact on funding success on equity crowdfunding platforms.…”

Section: Crowdfundingmentioning

confidence: 99%

Crowdfunding in digital humanities: some evidence from Indonesian social enterprises

Pratono

Prima

Sinaga

et al. 2020

AJIM

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PurposeThis article aims to understand how social enterprises adopt crowdfunding in digital humanities by investigating the mission drifting, risk sharing and human resource practices.Design/methodology/approachThis exploratory study uses a qualitative method by observing five different social ventures in Indonesia. The case study involves observation of social enterprises that concern digital humanities projects and interviews with those who manage the crowdfunding for financing the projects as the key respondents. The analysis uses an interpretative approach by involving the respondents to explain the phenomena.Findings(1) Adopting the crowdfunding platform encourages social enterprises to reshape social missions with more responsive action for digital humanities. (2) Crowdfunding allows social enterprises to share the risk with stakeholders who focus on fostering the social impact of digital humanities. (3) Crowdfunding stimulates social enterprises to hire professional workers with flexible work arrangements to attract specific donors and investors.Originality/valueThe result extends the principles of social enterprises by introducing some concepts of crowdfunding in digital humanities. This study also explains the boundary conditions of digital humanities projects and how crowdfunding can support the projects by adopting the principles of the social enterprise that works on digital humanities projects.

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Section: Crowdfundingmentioning

confidence: 99%

Crowdfunding in digital humanities: some evidence from Indonesian social enterprises

Pratono

Prima

Sinaga

et al. 2020

AJIM

View full text Add to dashboard Cite

show abstract

“…Whether they will be technology providers that can be plugged into other systems as extended service channels, or a hub providing a community of users with space and services to interact and support each other, remains to be seen. Thus far, our understanding of crowdfunding assumed the criticality of community aspects in crowdfunding practice (Schwienbacher and Larralde 2012;Shneor and Flåten 2015); however, the extent to which a crowdfunding platform should be the host and facilitator of these community interactions is uncertain and will be some of the most important strategic decision platforms will have to make in the future.…”

Section: Technology Vs Community Innovationmentioning

confidence: 99%

The Future of Crowdfunding Research and Practice

Shneor

Flåten

Zhao

2020

Advances in Crowdfunding

Self Cite

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This chapter critically reflects on current crowdfunding research and practice while highlighting eight dilemmas that are expected to shape the future of crowdfunding. Each dilemma is critically discussed and is followed by relevant suggestions for future research. These dilemmas include: (1) the balance between idealism and pragmatism; (2) the extent of cooperation between crowdfunding platforms and traditional financial institutions; (3) measurement of crowdfunding success and performance in financial and socio-economic terms; (4) the balance between quantity and quality in campaigns approved for publication by platforms; (5) domestic versus international growth of crowdfunding platforms; (6) manoeuvring between facilitation of collective decisions as crowd wisdom while avoiding crowd madness, as well as intentional and unintentional harmful crowd behaviour; (7) the focus of platforms’ technological developments in terms of efficiency gains versus community support; and (8) the balance between informing the public and constraining our understanding of crowdfunding in educational efforts.

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“…A crowdfunding platform is defined as an Internet application linking fundraisers and their potential backers while facilitating the exchanges between them in accordance with pre-specified conditions (Shneor and Flåten 2015). Such intermediaries make their income in forms of campaign success fees and payments for supporting services (Belleflamme et al 2015).…”

Section: Backer Fundraisermentioning

confidence: 99%

Introduction: From Fundamentals to Advances in Crowdfunding Research and Practice

Shneor

Zhao

Flåten

2020

Advances in Crowdfunding

Self Cite

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The chapter introduces the phenomenon of crowdfunding while presenting its definition and main manifestations in recent years. It then discusses the roles played by the various parties to a crowdfunding transaction, as well as the benefits each may gain from such engagement. Overall, it argues for a win-win situation, where all parties become better off from involvement in a responsible crowdfunding engagement. Furthermore, the chapter highlights the process dimension of crowdfunding, as represented through a series of three main stages, which are further specified into a seven sub-stage model. Each stage in the process depends on successful completion of the stage preceding it and relates to concrete activities and considerations that should be taken at different points in time. The chapter concludes with a review of the chapter contributions included in this book and highlights their main contributions.

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Opportunities for Entrepreneurial Development and Growth through Online Communities, Collaboration, and Value Creating and Co-Creating Activities

Cited by 21 publications

References 45 publications

Crowdfunding in digital humanities: some evidence from Indonesian social enterprises

Crowdfunding in digital humanities: some evidence from Indonesian social enterprises

The Future of Crowdfunding Research and Practice

Introduction: From Fundamentals to Advances in Crowdfunding Research and Practice

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