The dynamics of crowdfunding: An exploratory study

Journal of Business Venturing

Volumn 29, Issue 1, 2014, Pages 1-16

  Mollick, Ethan ^a  

^a UNIVERSITY OF PENNSYLVANIA   (United States)

Author keywords

Crowdfunding; Entrepreneurial finance; Geography; New ventures; Startups

Indexed keywords

EID: 84887164772     PISSN: 08839026     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jbusvent.2013.06.005     Document Type: Article

References (82)

1. Agrawal A., Catalini C., Goldfarb A. The geography of crowdfunding. SSRN Electronic Journal 2010.
2. Aldrich H., Baker T. Blinded by the cites? Has there been progress in entrepreneurship research. Entrepreneurship 2000, Kaplan Publishing. D.L. Sexton, R. Smilor (Eds.).
3. Baldwin C., Hienerth C., Von Hippel E. How user innovations become commercial products: a theoretical investigation and case study. Research Policy 2006, 35:1291-1313.
4. Baum J., Silverman B. Picking winners or building them? Alliance, intellectual, and human capital as selection criteria in venture financing and performance of biotechnology startups. Journal of Business Venturing 2004, 19:411-436.
5. Belleflamme P., Lambert T., Schwienbacher A. Crowdfunding: Tapping the Right Crowd 2012, SSRN eLibrary.
6. Bogost I. Kickstarter: Crowdfunding Platform or Reality Show? 2012, Fast Company.
7. Brown S., Eisenhardt K. Product development: past research, present findings, and future directions. The Academy of Management Review 1995, 20:343-378.
8. Burkett E. Crowdfunding exemption-online investment crowdfunding and US secrutiies regulation, A. Transactions: Tennessee Journal of Business Law 2011, 63.
9. Burtch G., Ghose A., Wattal S. An empirical examination of the antecedents and consequences of investment patterns in crowd-funded markets. SSRN Electronic Journal 2011.
10. Busenitz L., West G., Shepherd D., Nelson T., ChandlerLast G., Zacharakis A. Entrepreneurship research in emergence: past trends and future directions. Journal of Management 2003, 29.
11. Busenitz L., Fiet J., Moesel D. Signaling in venture capitalist-new venture team funding decisions: does it indicate long-term venture outcomes?. Entrepreneurship Theory and Practice 2005, 29:1-12.
12. Cabral L. Reputation on the Internet. The Oxford Handbook of the Digital Economy 2012, Oxford University Press. M. Peitz, J. Waldfoge (Eds.).
13. Cardon M., Sudek R., Mitteness C. The impact of perceived entrepreneurial passion on angel investing. Fronteirs of Entrepreneurship Research 2009, 29.
14. Chen H., Gompers P., Kovner A., Lerner J. Buy Local? The Geography of Successful and Unsuccessful Venture Capital Expansion 2009.
15. Chen X., Yao X., Kotha S. Entrepreneurial passion and preparedness in business plan presentations. Academy of Management Journal 2009, 52:199-214.
16. Congress, 112th Jumpstart Our Business Startups Act 2012.
17. Cooper R. Determinants of timeliness in product development. Journal of Product Innovation Management 1994, 11:381-396.
18. Cornelius B. Entrepreneurial studies: the dynamic research front of a developing social science. Entrepreneurship Theory and Practice 2006, 375-397.
19. Cowley S., Goldman D., Pepitone J., Segall L., Smith O. Kickstarter's Top 50 Projects: When They Shipped 2012, CNNMoney.
20. David P.A., Shapiro J.S. Community-based production of open-source software: what do we know about the developers who participate?. Information Economics and Policy 2008, 20:364-398.
21. Davidsson P. Nascent entrepreneurship: Empirical Studies and Developments 2006, Now Publishers Inc., Boston.
22. Delmar F., Shane S. Does business planning facilitate the development of new ventures?. Strategic Management Journal 2003, 24:1165-1185.
23. Dingman S. Canadian's smartwatch startup matches record $15-million in VC funding. The Globe and Mail 2013.
24. Dushnitsky G. Entrepreneurial optimism in the market for technological inventions. Organization Science 2009, 21:150-167.
25. Eisenhardt K. Building theories from case study research. Academy of Management Review 1989, 14:532-550.
26. Espositi C. Crowdfunding Industry Report 2012.
27. Evans D., Leighton L. Some empirical aspects of entrepreneurship. The American Economic Review 1989, 79.
28. Feldman M. The entrepreneurial event revisited: firm formation in a regional context. Industrial and Corporate Change 2001, 10:861.
29. Ferrary M., Granovetter M. The role of venture capital firms in Silicon Valley's complex innovation network. Economy and Society 2009.
30. Florida R. The economic geography of talent. Annals of the Association of American Geographers 2002, 92.
31. Florida R. Cities and the Creative Class 2004, Routledge.
32. Florida R. The Rise of the Creative Class: Revisited 2012, Basic Books.
33. Franke N., Shah S. How communities support innovative activities: an exploration of assistance and sharing among end-users. Research Policy 2003, 32:157-178.
34. Franzen C. Senate passes amended crowdfunding bill, emulating kickstarter model. Talking Points Memo 2012.
35. Gompers P., Lerner J. The Venture Capital Cycle 2004, MIT Press.
36. Gorman M., Sahlman W.A. What do venture capitalists do?. Journal of Business Venturing 1989, 4:231-248.
37. Heminway J., Hoffman S. Proceed at your peril: crowdfunding and the securities act of 1933. Tennessee Law Review 2010, 78:879-972.
38. Higgins M.J., Stephan P.E., Thursby J.G. Conveying quality and value in emerging industries: star scientists and the role of signals in biotechnology. Research Policy 2011, 40:605-617.
39. Hsu D. What do entrepreneurs pay for venture capital affiliation?. Journal of Finance 2004, 59:1805-1844.
40. Hsu D. Experienced entrepreneurial founders, organizational capital, and venture capital funding. Research Policy 2007, 36.
41. Jeanty P. NEARSTAT: stata module to calculate distance-based variables and export distance matrix to text file. Boston College Working Papers in Economics 2010.
42. Karabell Z. The kickstarter economy: how technology turns us all into bankers. Atlantic Monthly 2013.
43. Kenney M., Burg U.Von Technology, entrepreneurship and path dependence: industrial clustering in Silicon Valley and Route 128. Industrial and Corporate Change 1999, 8(1):67-103.
44. Kim Y., Barkley D., Henry M. Industry characteristics linked to establishment concentrations in nonmetropolitan areas. Journal of Regional Science 2002, 40(2):234-259.
45. Kirsch D., Goldfarb B., Gera A. Form or substance: the role of business plans in venture capital decision making. Strategic Management Journal 2009, 30:487-515.
46. Knudsen B., Florida R., Gates G., Stolarick K. Urban Density, Creativity, and Innovation 2007, (May).
47. Kortum S., Lerner J. Assessing the contribution of venture capital to innovation. RAND Journal of Economics 2000, 31:674.
48. Krugman P. Geography and Trade 1992, MIT Press, Cambridge, MA.
49. Kuppuswamy V., Bayus B.L. Crowdfunding creative ideas: the dynamics of project backers in kickstarter. SSRN Electronic Journal 2013.
50. Lin M., Viswanathan S. Home Bias in Online Investments: An Empirical Study of an Online Crowd Funding Market 2013, (papers.ssrn.com).
51. MacMillan I. Criteria used by venture capitalists to evaluate new venture proposals. Journal of Business Venturing 1986, 1:119-128.
52. Massolution 2013 Crowdfunding Report 2013.
53. Merton R. Priorities in scientific discovery: a chapter in the sociology of science. American Sociological Review 1957, 22:635.
54. Michael S. Job market signalling. Quarterly Journal of Economics 1974, 87:355.
55. Morduch J. The microfinance promise. Journal of Economic Literature 1999, 37:1569.
56. Owen-Smith J., Powell W. Knowledge networks as channels and conduits: the effects of spillovers in the Boston Biotechnology Community. Organization Science 2004, 15:5.
57. Ozmeck A., Miles D. Stata utilities for geocoding and generating travel time and travel distance information. The Stata Journal 2011, 11(1):106-119.
58. Poetz M., Schreier M. The value of crowdsourcing: can users really compete with professionals in generating new product ideas?. Journal of Product Innovation Managment 2012, 29.
59. Reynolds P. New firm creation in the United States: A PSED I overview. Foundations and Trends in Entrepreneurship 2006, 3:1.
60. Rice M. Co-production of business assistance in business incubators: an exploratory study. Journal of Business Venturing 2002, 17:163.
61. Rothwell R., Freeman C., Horlsey A., Jervis V.T.P., Robertson A.B., Townsend J. SAPPHO updated - project SAPPHO phase II. Research Policy 1974, 3:258-291.
62. Roure J., Maidique M. Linking prefunding factors and high-technology venture success: an exploratory study. Journal of Business Venturing 1986, 1:295.
63. Saxenian A. Regional Advantage: Culture and Competition in Silicon Valley and Route 128 1996, Harvard University Press.
64. Schwienbacher A., Larralde B. Crowdfunding of small entrepreneurial ventures. SSRN Electronic Journal 2010.
65. Shah S., Tripsas M. The accidental entrepreneur: the emergent and collective process of user entrepreneurship. Strategic Entrepreneurship Journal 2007, 1:123-140.
66. Shane S., Cable D. Network ties, reputation, and the financing of new ventures. Management Science 2002, 48:364.
67. Sørensen J., Fassiotto M. Organizations as fonts of entrepreneurship. Organization Science 2011, 22:1322-1331.
68. Sørensen J., Burton M., Beckman C. Coming from good stock: career histories and new venture formation. Social Structure and Organization Revisited 2002, 229-262. Elsevier Science.
69. Staff Common misspellings [WWW Document]. Oxford English Corpus 2013, (URL http://oxforddictionaries.com/words/common-misspellings).
70. Stam W., Elfring T. Entrepreneurial orientation and new venture performance: the moderating role of intra-and extraindustry social capital. Academy of Management Journal 2008, 51:97-111.
71. Stuart T., Shane S. Organizational endowments and the performance of university start-ups. Management Science 2002, 48:154.
72. Stuart T., Sorenson O. Liquidity events and the geographic distribution of entrepreneurial activity. Administrative Science Quarterly 2003, 48:175.
73. Stuart T., Sorenson O. The geography of opportunity: spatial heterogeneity in founding rates and the performance of biotechnology firms. Research Policy 2003, 32(2):229-253.
74. Stuart T., Sorenson O. Social networks and entrepreneurship. Handbook of Entrepreneurship Research 2005, Springer. S. Alvarez, R. Agarwal, O. Sorenson (Eds.).
75. Stuart T., Sorenson O. Strategic networks and entrepreneurial ventures. Strategic Entrepreneurship Journal 2008, 1:211.
76. Stuart T., Hoang H., Hybels R. Interorganizational endorsements and the performance of entrepreneurial ventures. Administrative Science Quarterly 1999, 44:315.
77. Tan J., Shao Y., Li W. To be different, or to be the same? An exploratory study of isomorphism in the cluster. Journal of Business Venturing 2013, 28:83.
78. Tolbert P., David R., Sine W. Studying choice and change: the intersection of institutional theory and entrepreneurship research. Organization Science 2011, 22:1332.
79. Ulrich K. The role of product architecture in the manufacturing firm. Research Policy 1995, 24:419-440.
80. Von Hippel E. Democratizing Innovation 2005, The MIT Press.
81. Zahra S. Predictors and financial outcomes of corporate entrepreneurship: an exploratory study. Journal of Business Venturing 1991, 6:259.
82. Zimmerman M., Zeitz G. Beyond survival: achieving new venture growth by building legitimacy. Academy of Management Review 2002, 27:414.