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Business & Information Systems Engineering
Published in: Business & Information Systems Engineering 1/2019

04-12-2018 | Catchword

Enterprise Crowdfunding: Foundations, Applications, and Research Findings

Authors: Dr. Alexander Simons, Lena Franziska Kaiser, Prof. Dr. Jan vom Brocke

Published in: Business & Information Systems Engineering | Issue 1/2019

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Excerpt

Crowdfunding has become the most important approach to online fundraising, with a global transaction value that is expected to annually grow by nearly 30 percent from 2018 to 2022 and total roughly US$26 billion in 2022 (Statista 2018). Crowdfunding leverages the power of crowd work to collect money for financing startups and small businesses. While most traditional funding models collect large amounts of money from a small number of (often professional) investors, crowdfunding usually collects small amounts of money from a large number of (often casual) investors (e.g., Ahlers et al. 2015, p. 955; Belleflamme et al. 2014, p. 585; Hammon and Hippner 2012, p. 165). In only a few years, crowdfunding websites like Kickstarter and Indiegogo have helped people worldwide acquire funding for tens of thousands of projects and campaigns (Niemeyer et al. 2016, p. 2800). Kickstarter alone, launched less than 10 years ago, has collected pledges that totaled more than US$4 billion (Kickstarter 2018). …
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Footnotes
1
Visit www.​startnext.​com/​pages/​bmw#contest for more information about BMW’s Startnext campaign (accessed 05 Mar 2018).
 
2
Visit www.​indiegogo.​com/​projects/​bose-noise-masking-sleepbuds-sold-out-sleep#/​ for more information about Bose’s Indiegogo campaign (accessed 05 Mar 2018).
 
3
Visit www.​indiegogo.​com/​campaign_​collections/​shock-the-drought for more information about Shock Top’s Indiegogo campaign (accessed 05 Mar 2018).
 
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Metadata
Title
Enterprise Crowdfunding: Foundations, Applications, and Research Findings
Authors
Dr. Alexander Simons
Lena Franziska Kaiser
Prof. Dr. Jan vom Brocke
Publication date
04-12-2018
Publisher
Springer Fachmedien Wiesbaden
Published in
Business & Information Systems Engineering / Issue 1/2019
Print ISSN: 2363-7005
Electronic ISSN: 1867-0202
DOI
https://doi.org/10.1007/s12599-018-0568-7

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