skip to main content
10.1145/3027063.3053223acmconferencesArticle/Chapter ViewAbstractPublication PageschiConference Proceedingsconference-collections
abstract

Do User Entrepreneurs Speak Different?: Applying Natural Language Processing to Crowdfunding Videos

Published:06 May 2017Publication History

ABSTRACT

In this work, we analyze video pitches of creators in crowdfunding campaigns and focus on linguistic particularities of "lead user" entrepreneurs. Theory suggests that lead users sense needs long before they become known to the broader public and would benefit greatly from finding a solution to these needs. For our study, we consider 537 video pitches of creators on Kickstarter, distinguishing lead users and regular campaigners. The study employs natural language processing (NLP) analysis of (video-to-)speech-to-text content. Initial results indicate that lead users are more oriented towards product and problem-solving rather than focusing on pecuniary motives.

Skip Supplemental Material Section

Supplemental Material

lbw0633p.mp4

mp4

1 MB

References

  1. Tim Althoff, Cristian Danescu-Niculescu-Mizil, and Dan Jurafsky. 2014. How to ask for a favor: A case study on the success of altruistic requests. arXiv preprint arXiv:1405.3282 (2014).Google ScholarGoogle Scholar
  2. Erkko Autio, Linus Dahlander, and Lars Frederiksen. 2013. Information exposure, opportunity evaluation, and entrepreneurial action: An investigation of an online user community. Academy of Management Journal 56, 5 (2013), 1348--1371. Google ScholarGoogle ScholarCross RefCross Ref
  3. Nihit Desai, Raghav Gupta, and Karen Truong. 2016. Plead or Pitch? The Role of Language in Kickstarter Project Success. (2016). http://nlp.stanford.edu/courses/ cs224n/2015/reports/15.pdf.Google ScholarGoogle Scholar
  4. Nikolaus Franke, Eric Von Hippel, and Martin Schreier. 2006. Finding commercially attractive user innovations: A test of lead-user theory. Journal of Product Innovation Management 23, 4 (2006), 301--315. Google ScholarGoogle ScholarCross RefCross Ref
  5. Michael D Greenberg, Bryan Pardo, Karthic Hariharan, and Elizabeth Gerber. 2013. Crowdfunding support tools: predicting success & failure. In CHI'13 Extended Abstracts on Human Factors in Computing Systems. ACM, 1815--1820.Google ScholarGoogle ScholarDigital LibraryDigital Library
  6. Stefan Haefliger, Peter Jäger, and Georg Von Krogh. 2010. Under the radar: Industry entry by user entrepreneurs. Research Policy 39, 9 (2010), 1198-- 1213. Google ScholarGoogle ScholarCross RefCross Ref
  7. Rebecca Henderson. 1993. Underinvestment and incompetence as responses to radical innovation: Evidence from the photolithographic alignment equipment industry. The RAND Journal of Economics (1993), 248--270. Google ScholarGoogle ScholarCross RefCross Ref
  8. Kickstarter.com. 2017. Statistics. (2017). https: //www.kickstarter.com/help/stats.Google ScholarGoogle Scholar
  9. Andrew L Maxwell, Scott A Jeffrey, and Moren Lévesque. 2011. Business angel early stage decision making. Journal of Business Venturing 26, 2 (2011), 212--225.Google ScholarGoogle ScholarCross RefCross Ref
  10. Tanushree Mitra and Eric Gilbert. 2014. The language that gets people to give: Phrases that predict success on kickstarter. In Proceedings of the 17th ACM conference on Computer supported cooperative work & social computing. ACM, 49--61.Google ScholarGoogle ScholarDigital LibraryDigital Library
  11. Ethan Mollick. 2014. The dynamics of crowdfunding: An exploratory study. Journal of Business Venturing 29, 1 (2014), 1--16. Google ScholarGoogle ScholarCross RefCross Ref
  12. Ethan Mollick and Ramana Nanda. 2015. Wisdom or madness? Comparing crowds with expert evaluation in funding the arts. Management Science 62, 6 (2015), 1533--1553. Google ScholarGoogle ScholarDigital LibraryDigital Library
  13. J. W. Pennebaker and M. E. Francis. 1999. Linguistic Inquiry and Word Count. Lawrence Erlbaum.Google ScholarGoogle Scholar
  14. Jeffrey M Pollack, Matthew W Rutherford, and Brian G Nagy. 2012. Preparedness and cognitive legitimacy as antecedents of new venture funding in televised business pitches. Entrepreneurship Theory and Practice 36, 5 (2012), 915--939.Google ScholarGoogle ScholarCross RefCross Ref
  15. Josue Reyes and Cristina Bahm. 2016. Crowdfunding: Applying Collective Indexing of Emotions to Campaign Videos. In Proceedings of the 19th ACM Conference on Computer Supported Cooperative Work and Social Computing Companion. ACM, 385--388. Google ScholarGoogle ScholarDigital LibraryDigital Library
  16. Sonali K Shah and Mary Tripsas. 2007. The accidental entrepreneur: The emergent and collective process of user entrepreneurship. Strategic Entrepreneurship Journal 1, 1--2 (2007), 123--140.Google ScholarGoogle ScholarCross RefCross Ref
  17. Michael L Tushman and Philip Anderson. 1986. Technological discontinuities and organizational environments. Administrative science quarterly (1986), 439-- 465.Google ScholarGoogle Scholar
  18. Glen L Urban and Eric Von Hippel. 1988. Lead user analyses for the development of new industrial products. Management Science 34, 5 (1988), 569--582. Google ScholarGoogle ScholarDigital LibraryDigital Library
  19. Eric Von Hippel. 2005. Democratizing innovation: The evolving phenomenon of user innovation. Journal für Betriebswirtschaft 55, 1 (2005), 63--78. Google ScholarGoogle ScholarCross RefCross Ref
  20. Eric Von Hippel, Susumu Ogawa, and Jeroen PJ De Jong. 2011. The age of the consumer-innovator. MIT Sloan Management Review 53, 1 (2011), 27.Google ScholarGoogle Scholar

Index Terms

  1. Do User Entrepreneurs Speak Different?: Applying Natural Language Processing to Crowdfunding Videos

      Recommendations

      Comments

      Login options

      Check if you have access through your login credentials or your institution to get full access on this article.

      Sign in
      • Published in

        cover image ACM Conferences
        CHI EA '17: Proceedings of the 2017 CHI Conference Extended Abstracts on Human Factors in Computing Systems
        May 2017
        3954 pages
        ISBN:9781450346566
        DOI:10.1145/3027063

        Copyright © 2017 Owner/Author

        Permission to make digital or hard copies of part or all of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for third-party components of this work must be honored. For all other uses, contact the Owner/Author.

        Publisher

        Association for Computing Machinery

        New York, NY, United States

        Publication History

        • Published: 6 May 2017

        Check for updates

        Qualifiers

        • abstract

        Acceptance Rates

        CHI EA '17 Paper Acceptance Rate1,000of5,000submissions,20%Overall Acceptance Rate6,164of23,696submissions,26%

        Upcoming Conference

        CHI '24
        CHI Conference on Human Factors in Computing Systems
        May 11 - 16, 2024
        Honolulu , HI , USA

      PDF Format

      View or Download as a PDF file.

      PDF

      eReader

      View online with eReader.

      eReader