- Copyright Page
- About the Editors
- The Interplay of Entrepreneurship and Collaboration
- Temporality and Collaboration in Entrepreneurial Ownership and Finance
- The Paradox of Control Through Collaboration in Effectual Entrepreneurship
- Entrepreneurship Through Mergers and Alliances: Schumpeter Remixed
- The Communicative Constitution of Entrepreneurship
- Institutions and the Embedded Entrepreneur
- social relations and the performance of different start-up types: The Networks Don’t Lie
- Dynamic Networking by Entrepreneurs: Collaborative Efforts in Developing Opportunities and Mobilizing Resources
- Community Social Capital and the Venture Gestation Process
- Collaboration Among Silicon Valley Venture Capitalists
- Start-Ups’ Exit Strategies in the Market for Technology: When to Pull the Plug
- Avoiding Collaboration Stalemates in Technology Commercialization
- Collaboration and Intellectual Property: Strategies for Navigating Fragmented Property Rights
- Collaborative Market Making: The Critical Role of Dyadic and Multipartner Alliances in the Formation of New Markets
- The Effects of Venture Capital Firms on Entrepreneurial Firms’ Strategic Alliances and Liquidity Events
- The Crowdfunding Paradigm: An Exploration of Founder–Funder Dynamics and their Implications for Capability Development and Long-Term Success
- Coordination Frictions in Venture Capital Syndicates
- Collaboration in Entrepreneurial Finance
- Asymmetric Partnerships: Formation, Process Dynamics, and Firm Performance
- Why Do Small Firms Benefit Less From Alliances Than Large Firms?
- Collaborating With Larger Partners: Benefits and Risks for Entrepreneurial Firms
- Types of Spin-Out Firms and Collaborations With Parent Organizations
- The Role of Heuristics in Alliance Collaboration for Entrepreneurial Firms
- Amphibious Entrepreneurs and the Origins of Invention
- Collaboration in Business Model Innovation
- Collaborating for Innovation: The Role of Organizational Complementarities
- Interorganizational Collaboration and Start-Up Innovation
- Entrepreneurial Team Assembly: Knowledge Transfer, Customer Transfer, and Matching Models
- The Contingent Effect of Team Composition on the Performance of Entrepreneurial Teams
- Collaboration Inside the Firm: Founders and Managers of Entrepreneurial Ventures
- An Intentions-Based Model of Entrepreneurs’ Prosocial Behavior: Why Entrepreneurs may be Exceptionally Generous
- Family Founding Teams, Internal and External Collaboration, and New Venture Growth
- Microfoundations of Collaboration in Entrepreneurship
Abstract and Keywords
Crowdfunding has become a major consideration for individuals looking to fund their ideas, endeavors, and businesses. This phenomenon raises interesting questions for management scholars, such as what theories help to explain the nuance of crowdfunding as a form of entrepreneurial financing. With regard to what leads to crowdfunding campaign success, this chapter argues that there are mixed motives associated with contributing to these campaigns, and theoretical dynamics vary according to these different motives. The chapter also notes two fundamental differences of crowdfunding from more traditional means of funding early-stage ventures: the nature of engagement and preference toward product or person. Drawing on theory related to capabilities, the chapter identifies conditions under which crowdfunding is likely to be more and less advantageous based on these two dimensions. In summary, it provides a model that explains important sources of heterogeneity (i.e., motives) and homogeneity (i.e., diffused engagement and product lock-in) within the crowdfunding phenomenon that add nuance to theory in the entrepreneurial financing literature.
Sharon F. Matusik is Dean and Professor of Strategy and Entrepreneurship in the Leeds School of Business at the University of Colorado. Her current research focuses on entrepreneurial and venture capital firms and on innovation and knowledge sharing in established firms. She is also interested in how entrepreneurship and innovation affect economic development, with research studies examining topics such as what drives the development of entrepreneurial ecosystems in developing economies, and what influences whether the value from innovations that originate in developing economies stays in the home country or is appropriated outside of that country. Her work has been published in the top academic journals in the field of management, such as Strategic Management Journal, Academy of Management Journal, and Academy of Management Review, and is widely cited.
Jessica Jones is a PhD candidate in the Leeds School of Business at the University of Colorado, studying entrepreneurship and management. Her research interests include topics related to entrepreneurial financing, entrepreneurial identity, and impact entrepreneurship. She is focused on understanding how entrepreneurs in marginalized contexts access important sources of capital (e.g., mentors, investment, etc.). Prior to beginning at University of Colorado, she was the Assistant Director for the Page Center for Entrepreneurship at Miami University. She has also worked in a variety of global and local entrepreneurial contexts focused on entrepreneurial solutions to poverty.
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