A class taught for a Master's course at Uppsala University, in which they were encouraged to design a blockchain-based "app" that improved on crowdfunding as it is today.
Jason Best and Sherwood Neiss of Crowdfund Capital Advisors share how they changed a law in 460 days and how it will benefit start-ups and small businesses everywhere: Crowdfund Investing
Presentation by Paul Higgins, Co-founder of Crowd Valley, for the UK Technology Strategy Board's Special Interest Group conference on the Internet of Things, 22nd November 2012.
Crowdfunding - Asset Classes and Crowd Driven ModelsGrow VC Group
Presentation held at CrowdFuture in Rome, October 27 2012. Markus talks about trends in modern finance, the emergence and background for crowdfunding, and the manifestation of macro trends such as the demand for democracy and efficiency in the world of finance. The discussion also touches on current trends and a future outlook on crowd driven investment models.
Markus talked about trends in modern finance, the emergence and background for crowdfunding, and the manifestation of macro trends such as the demand for democracy and efficiency in the world of finance. The discussion also touched on current trends and a future outlook on crowd driven investment models.
This document provides an overview of crowdfunding. It defines crowdfunding as collecting resources like funds or goods from many people online. There are four types of crowdfunding campaigns: donation, reward, lending, and equity-based. The document also discusses the pros and cons for campaign creators and funders, as well as how intellectual property is protected. It describes how crowdfunding platforms serve as intermediaries between creators and investors. Finally, it concludes that crowdfunding can complement traditional financing if properly regulated, and success requires extensive planning, communication skills, and sustaining community support.
Introduction to Real Estate Crowdfunding by the CrowdSeekr TeamAshley Smith
This is the slide deck from our recent presentation on the history and future of real estate crowdfunding at the 2017 Commercial Real Estate Summit at the University of Central Oklahoma.
CROWDFUNDING IN ACTION: HOW INSTITUTIONAL LOGICS ENCOURAGE AND CONSTRAIN AFFO...Claire Ingram Bogusz
This document summarizes a study on how prevailing institutional logics affect users' perceptions of affordances in crowdfunding platforms. The study found that entrepreneurs saw crowdfunding as offering opportunities to attract small amounts of funding from many investors and connect with networks. However, their perceptions were constrained by institutional logics prioritizing legitimacy and tangible resources. Specifically, platforms did not provide sufficient legitimacy or funding amounts to outweigh opportunity costs. The study illustrates how institutional context and platform features jointly shape affordance perceptions and whether crowdfunding is viewed as a viable option.
An Investor's Guide to Real Estate CrowdfundingCrowdfundSuite
Why did investors place $2.6B via real estate crowdfunding in 2015? Discover how investors are creating outstanding returns from real estate with more transparency, smaller amounts, more diversification, more control and flexibility and without landlord hassles. Keynote for 2016 Rai$e Conference by Crowdfund Suite Evangelist Bret Conkin.
Real Estate Crowdfunding has become a dynamic new option for real estate developers and project sponsors for raising capital to finance projects. In turn, investors have tapped an exciting new option tof investing in previously inaccessible projects to achieve high returns in this booming asset class.
This guide details what investors need to know. Also useful for developers. Learn more at www.crowdfundland.co
Jason Best and Sherwood Neiss of Crowdfund Capital Advisors share how they changed a law in 460 days and how it will benefit start-ups and small businesses everywhere: Crowdfund Investing
Presentation by Paul Higgins, Co-founder of Crowd Valley, for the UK Technology Strategy Board's Special Interest Group conference on the Internet of Things, 22nd November 2012.
Crowdfunding - Asset Classes and Crowd Driven ModelsGrow VC Group
Presentation held at CrowdFuture in Rome, October 27 2012. Markus talks about trends in modern finance, the emergence and background for crowdfunding, and the manifestation of macro trends such as the demand for democracy and efficiency in the world of finance. The discussion also touches on current trends and a future outlook on crowd driven investment models.
Markus talked about trends in modern finance, the emergence and background for crowdfunding, and the manifestation of macro trends such as the demand for democracy and efficiency in the world of finance. The discussion also touched on current trends and a future outlook on crowd driven investment models.
This document provides an overview of crowdfunding. It defines crowdfunding as collecting resources like funds or goods from many people online. There are four types of crowdfunding campaigns: donation, reward, lending, and equity-based. The document also discusses the pros and cons for campaign creators and funders, as well as how intellectual property is protected. It describes how crowdfunding platforms serve as intermediaries between creators and investors. Finally, it concludes that crowdfunding can complement traditional financing if properly regulated, and success requires extensive planning, communication skills, and sustaining community support.
Introduction to Real Estate Crowdfunding by the CrowdSeekr TeamAshley Smith
This is the slide deck from our recent presentation on the history and future of real estate crowdfunding at the 2017 Commercial Real Estate Summit at the University of Central Oklahoma.
CROWDFUNDING IN ACTION: HOW INSTITUTIONAL LOGICS ENCOURAGE AND CONSTRAIN AFFO...Claire Ingram Bogusz
This document summarizes a study on how prevailing institutional logics affect users' perceptions of affordances in crowdfunding platforms. The study found that entrepreneurs saw crowdfunding as offering opportunities to attract small amounts of funding from many investors and connect with networks. However, their perceptions were constrained by institutional logics prioritizing legitimacy and tangible resources. Specifically, platforms did not provide sufficient legitimacy or funding amounts to outweigh opportunity costs. The study illustrates how institutional context and platform features jointly shape affordance perceptions and whether crowdfunding is viewed as a viable option.
An Investor's Guide to Real Estate CrowdfundingCrowdfundSuite
Why did investors place $2.6B via real estate crowdfunding in 2015? Discover how investors are creating outstanding returns from real estate with more transparency, smaller amounts, more diversification, more control and flexibility and without landlord hassles. Keynote for 2016 Rai$e Conference by Crowdfund Suite Evangelist Bret Conkin.
Real Estate Crowdfunding has become a dynamic new option for real estate developers and project sponsors for raising capital to finance projects. In turn, investors have tapped an exciting new option tof investing in previously inaccessible projects to achieve high returns in this booming asset class.
This guide details what investors need to know. Also useful for developers. Learn more at www.crowdfundland.co
The document discusses the history and growth of crowdfunding, including its roots in crowdsourcing. It describes different types of crowdfunding models like donation, reward, and equity-based crowdfunding. It outlines regulations around crowdfunding under the JOBS Act, including Titles II and III. Title II allows equity crowdfunding for accredited investors, while Title III will allow it for non-accredited investors pending SEC rules. The document also discusses opportunities and challenges for universities using crowdfunding for research projects and startups.
Crowdfunding has grown significantly in recent years and is challenging traditional banks and other financial institutions in their role of financing new businesses and projects. In Sweden alone, several fintech companies focusing on areas like payments, lending, and cryptocurrency have been successfully crowdfunded. The document discusses the different types of crowdfunding and provides statistics on the growth and size of the global crowdfunding industry. It also examines some of the opportunities and challenges of crowdfunding, including its potential role in democratizing access to capital.
Grow VC Group develops new crowdfunding and investment models to fund startups globally. It operates several subsidiaries including Crowd Valley, a leading equity crowdfunding platform, and Mutual Seed Fund, a crowdfunding co-investment service. Grow VC has helped fund over 400 startups and has a growing portfolio. It aims to build an ecosystem where crowdfunding works together with other investment models like angels and VCs to better support startups.
VanFUNDING 2016: Real estate crowdfunding lunch & learn with R2CrowdCraig Asano
R2 Crowd co-founders, Amar Nijjar and Chad Gemmell, deliver a Lunch and Learn workshop on 'How to Invest In Real Estate and Make up to 24% ROI....'If you don't have a rich uncle'?
Building Blockchain Companies - Will Murphywillmurphy
Blockchain entrepreneurs need skills in technology development and community development. Companies should start small with a founding team and grow an ecosystem. They can use tokens for funding, incentives, and building their ecosystem in a decentralized way. Most blockchain startups will fail, similar to equity-funded startups, but some will succeed and create new business models and capabilities beyond what is now called "blockchain."
"Crowdfunding for solar: model and implications for Thailand," presented by Sarinee Achavanuntakul at Chulalongkorn University, 31 July, 2013. Part of Thailand's Solar PV Roadmap Initiative - Economics/Finance Working Group #1:
Innovative Business Models and Financing Options for Distributed Solar Systems
LendIt USA 2017: Select Summarized KeynotesRalph Daloisio
From LendIt USA 2017, held recently in NYC, this flip deck summarizes 18 of 36 Keynotes (CEO-level presentations) + one investor panel. More information is available on LendIt's website.
The document discusses current issues with traditional venture capital funding models and proposes crowd-funding and peer-to-peer investing through an online platform called Grow VC. It argues that the VC market is inefficient and excludes many potential entrepreneurs and investors. Grow VC aims to create a global, open marketplace to connect startups, angel investors, and funding experts. This virtual Silicon Valley would provide negotiation tools, due diligence, and a community to build trust online and find alternative funding models beyond traditional VC.
Crowdfunding and it’s benefit for funding real estate 1 [autosaved]Eddie Edwards
This document provides biographical information about Eddie Edwards, including his educational and professional background working in real estate, mortgage lending, and as a public speaker. It indicates that the purpose of the communication is for information only and not to sell securities or licensed products. The document lists Eddie Edwards' qualifications and contact information for speaking engagements or real estate investing inquiries.
Real Estate Crowdfunding 2015 - PwC PresentationSteven Maarbani
This document discusses the potential for real estate crowdfunding (RECF) in Australia. It notes that RECF allows individual investors to invest in real estate projects for as little as $100, eliminating many barriers to private real estate investment. RECF platforms can provide greater transparency, diversification and liquidity compared to traditional property trusts. The document predicts that RECF will grow significantly in Australia in coming years as more platforms launch and property developers and early adopter investors like SMSFs recognize the opportunities it presents. A panel discussion is scheduled on how the crowd may create new opportunities in real estate.
Public humanities: from crowdsourcing to community-sourcingPratt_Symposium
This document discusses definitions and models of crowdsourcing and academic crowdsourcing projects. It defines crowdsourcing as leveraging public participation or contributions to projects. Academic crowdsourcing projects range from open recruitment with generic microtasks to focused recruitment of experts. Successful projects invite engagement from interested community members rather than relying on large anonymous groups. These projects can foster self-organizing communities that collaborate to produce quality outputs through discussion and peer review. Crowdsourcing results in communities forming around topics of interest where participants gain skills and domain knowledge.
The document announces the 2nd Annual Cyber Security Finance Forum 2012, which will be held on October 16, 2012 in Washington DC. The forum will bring together 150+ C-level executives from industry and finance to network and discuss deals, industry panels on sectors, mergers and acquisitions, and fundraising. Past attendees include government agencies and large private companies. The forum offers sponsorship opportunities ranging from $2,495 to $39,995 for activities like panels, exhibits, and meals. Interested parties are encouraged to contact the organizer to secure discounted rates.
The document discusses tracking REDD+ financing from donors to implementation on the ground. Local partners in Brazil, Ecuador, Ghana, and Vietnam are interviewing donors, intermediaries, and implementing agents to trace funding through public and private sources and connect the flows to identify where money is moving and potential bottlenecks. Early findings show greater funding volumes than reported databases, prominence of private foundations shaping REDD+ in some countries, and elaborate funding pipelines passing through multiple organizations before reaching projects. Governments and donors are interested in the preliminary results from tracking REDD+ financing flows.
This document introduces equity crowdfunding, which allows businesses to raise money by offering stock or debt to investors through online portals. It summarizes the types of crowdfunding available, including project crowdfunding where investors receive a reward and gift crowdfunding where they receive a feeling of goodwill. Equity crowdfunding allows businesses to offer stock or debt in exchange for investments. The document outlines the regulations around crowdfunding established by the JOBS Act and discusses who can participate as issuers and investors. It provides advice for businesses on launching, marketing, and managing a crowdfunded offering.
Crowdfunding is the practice of funding projects by raising small amounts of money from a large number of people, typically via the Internet. There are several types of crowdfunding: donation-based, reward-based, peer-to-peer lending, and equity-based. Crowdfunding provides benefits like access to capital and risk hedging but also poses risks like lack of due diligence and default risk for lenders. In India, while equity crowdfunding is still being regulated, other forms like donation, reward, and peer-to-peer crowdfunding are allowed through platforms such as BitGiving, Milaap, and Start51. SEBI is working on a
Social Finance: supply-side perspectives on the Canadian social capital marketKarim Harji
Key trends, issues, and opportunities for investors seeking a combination of economic, social, and environmental ("blended value") returns. Includes an introduction to the Canadian social capital market, supply-side challenges and opportunities, and how to align the demand and supply of social finance. Presented at the Social Economy Centre, University of Toronto.
The document discusses how alternative finance such as crowdfunding, blockchain technology, and mobile money can help development efforts. It provides examples of UNDP projects that have mobilized $3 million for development projects in over 20 countries through alternative financing. Crowdfunding pilots in 2016 raised $500,000. Blockchain applications are focusing on remittances, diaspora, and green energy in several countries. The document discusses crowdfunding models and why it is an important financing method. It provides examples of successful crowdfunding campaigns and explains how a crowdfunding academy works. Finally, it outlines some solutions that blockchain technology can provide, such as virtual identity cards, wallets to send money, aid
Visitor Economy Innovation by James Berresford, CEO, VisitEnglandBruce Martin
This document discusses innovation in the visitor economy. It summarizes a LinkedIn debate on the topic that had over 500 responses and followers. Innovation is defined as the successful application of new knowledge or the process of exploiting new ideas to create value. The document discusses how innovation occurs in sectors like tourism through partnerships across industries. It also recognizes barriers to innovation for small tourism businesses and ways to support innovation through research, networks, mentoring, and knowledge transfer partnerships. Opportunities for tourism innovation include greater use of digital technologies and concepts like gamification, crowd-sourcing, big data, and geo-tagging. A full report on findings will be released in early 2014.
The document discusses the history and growth of crowdfunding, including its roots in crowdsourcing. It describes different types of crowdfunding models like donation, reward, and equity-based crowdfunding. It outlines regulations around crowdfunding under the JOBS Act, including Titles II and III. Title II allows equity crowdfunding for accredited investors, while Title III will allow it for non-accredited investors pending SEC rules. The document also discusses opportunities and challenges for universities using crowdfunding for research projects and startups.
Crowdfunding has grown significantly in recent years and is challenging traditional banks and other financial institutions in their role of financing new businesses and projects. In Sweden alone, several fintech companies focusing on areas like payments, lending, and cryptocurrency have been successfully crowdfunded. The document discusses the different types of crowdfunding and provides statistics on the growth and size of the global crowdfunding industry. It also examines some of the opportunities and challenges of crowdfunding, including its potential role in democratizing access to capital.
Grow VC Group develops new crowdfunding and investment models to fund startups globally. It operates several subsidiaries including Crowd Valley, a leading equity crowdfunding platform, and Mutual Seed Fund, a crowdfunding co-investment service. Grow VC has helped fund over 400 startups and has a growing portfolio. It aims to build an ecosystem where crowdfunding works together with other investment models like angels and VCs to better support startups.
VanFUNDING 2016: Real estate crowdfunding lunch & learn with R2CrowdCraig Asano
R2 Crowd co-founders, Amar Nijjar and Chad Gemmell, deliver a Lunch and Learn workshop on 'How to Invest In Real Estate and Make up to 24% ROI....'If you don't have a rich uncle'?
Building Blockchain Companies - Will Murphywillmurphy
Blockchain entrepreneurs need skills in technology development and community development. Companies should start small with a founding team and grow an ecosystem. They can use tokens for funding, incentives, and building their ecosystem in a decentralized way. Most blockchain startups will fail, similar to equity-funded startups, but some will succeed and create new business models and capabilities beyond what is now called "blockchain."
"Crowdfunding for solar: model and implications for Thailand," presented by Sarinee Achavanuntakul at Chulalongkorn University, 31 July, 2013. Part of Thailand's Solar PV Roadmap Initiative - Economics/Finance Working Group #1:
Innovative Business Models and Financing Options for Distributed Solar Systems
LendIt USA 2017: Select Summarized KeynotesRalph Daloisio
From LendIt USA 2017, held recently in NYC, this flip deck summarizes 18 of 36 Keynotes (CEO-level presentations) + one investor panel. More information is available on LendIt's website.
The document discusses current issues with traditional venture capital funding models and proposes crowd-funding and peer-to-peer investing through an online platform called Grow VC. It argues that the VC market is inefficient and excludes many potential entrepreneurs and investors. Grow VC aims to create a global, open marketplace to connect startups, angel investors, and funding experts. This virtual Silicon Valley would provide negotiation tools, due diligence, and a community to build trust online and find alternative funding models beyond traditional VC.
Crowdfunding and it’s benefit for funding real estate 1 [autosaved]Eddie Edwards
This document provides biographical information about Eddie Edwards, including his educational and professional background working in real estate, mortgage lending, and as a public speaker. It indicates that the purpose of the communication is for information only and not to sell securities or licensed products. The document lists Eddie Edwards' qualifications and contact information for speaking engagements or real estate investing inquiries.
Real Estate Crowdfunding 2015 - PwC PresentationSteven Maarbani
This document discusses the potential for real estate crowdfunding (RECF) in Australia. It notes that RECF allows individual investors to invest in real estate projects for as little as $100, eliminating many barriers to private real estate investment. RECF platforms can provide greater transparency, diversification and liquidity compared to traditional property trusts. The document predicts that RECF will grow significantly in Australia in coming years as more platforms launch and property developers and early adopter investors like SMSFs recognize the opportunities it presents. A panel discussion is scheduled on how the crowd may create new opportunities in real estate.
Public humanities: from crowdsourcing to community-sourcingPratt_Symposium
This document discusses definitions and models of crowdsourcing and academic crowdsourcing projects. It defines crowdsourcing as leveraging public participation or contributions to projects. Academic crowdsourcing projects range from open recruitment with generic microtasks to focused recruitment of experts. Successful projects invite engagement from interested community members rather than relying on large anonymous groups. These projects can foster self-organizing communities that collaborate to produce quality outputs through discussion and peer review. Crowdsourcing results in communities forming around topics of interest where participants gain skills and domain knowledge.
The document announces the 2nd Annual Cyber Security Finance Forum 2012, which will be held on October 16, 2012 in Washington DC. The forum will bring together 150+ C-level executives from industry and finance to network and discuss deals, industry panels on sectors, mergers and acquisitions, and fundraising. Past attendees include government agencies and large private companies. The forum offers sponsorship opportunities ranging from $2,495 to $39,995 for activities like panels, exhibits, and meals. Interested parties are encouraged to contact the organizer to secure discounted rates.
The document discusses tracking REDD+ financing from donors to implementation on the ground. Local partners in Brazil, Ecuador, Ghana, and Vietnam are interviewing donors, intermediaries, and implementing agents to trace funding through public and private sources and connect the flows to identify where money is moving and potential bottlenecks. Early findings show greater funding volumes than reported databases, prominence of private foundations shaping REDD+ in some countries, and elaborate funding pipelines passing through multiple organizations before reaching projects. Governments and donors are interested in the preliminary results from tracking REDD+ financing flows.
This document introduces equity crowdfunding, which allows businesses to raise money by offering stock or debt to investors through online portals. It summarizes the types of crowdfunding available, including project crowdfunding where investors receive a reward and gift crowdfunding where they receive a feeling of goodwill. Equity crowdfunding allows businesses to offer stock or debt in exchange for investments. The document outlines the regulations around crowdfunding established by the JOBS Act and discusses who can participate as issuers and investors. It provides advice for businesses on launching, marketing, and managing a crowdfunded offering.
Crowdfunding is the practice of funding projects by raising small amounts of money from a large number of people, typically via the Internet. There are several types of crowdfunding: donation-based, reward-based, peer-to-peer lending, and equity-based. Crowdfunding provides benefits like access to capital and risk hedging but also poses risks like lack of due diligence and default risk for lenders. In India, while equity crowdfunding is still being regulated, other forms like donation, reward, and peer-to-peer crowdfunding are allowed through platforms such as BitGiving, Milaap, and Start51. SEBI is working on a
Social Finance: supply-side perspectives on the Canadian social capital marketKarim Harji
Key trends, issues, and opportunities for investors seeking a combination of economic, social, and environmental ("blended value") returns. Includes an introduction to the Canadian social capital market, supply-side challenges and opportunities, and how to align the demand and supply of social finance. Presented at the Social Economy Centre, University of Toronto.
The document discusses how alternative finance such as crowdfunding, blockchain technology, and mobile money can help development efforts. It provides examples of UNDP projects that have mobilized $3 million for development projects in over 20 countries through alternative financing. Crowdfunding pilots in 2016 raised $500,000. Blockchain applications are focusing on remittances, diaspora, and green energy in several countries. The document discusses crowdfunding models and why it is an important financing method. It provides examples of successful crowdfunding campaigns and explains how a crowdfunding academy works. Finally, it outlines some solutions that blockchain technology can provide, such as virtual identity cards, wallets to send money, aid
Visitor Economy Innovation by James Berresford, CEO, VisitEnglandBruce Martin
This document discusses innovation in the visitor economy. It summarizes a LinkedIn debate on the topic that had over 500 responses and followers. Innovation is defined as the successful application of new knowledge or the process of exploiting new ideas to create value. The document discusses how innovation occurs in sectors like tourism through partnerships across industries. It also recognizes barriers to innovation for small tourism businesses and ways to support innovation through research, networks, mentoring, and knowledge transfer partnerships. Opportunities for tourism innovation include greater use of digital technologies and concepts like gamification, crowd-sourcing, big data, and geo-tagging. A full report on findings will be released in early 2014.
Dr. Lorraine Warren gave a presentation on value creation and digital disruption. She discussed how digital technologies like broadband, smartphones, social media, and open data have lowered barriers to innovation. This digital disruption has led to new forms of technological innovation through crowd-driven activities like hackathons and new models of crowd-funding. Crowd-funding originally supported arts projects but is now used for business ventures. Dr. Warren provided examples of crowd-funding platforms and discussed regulatory developments around crowd-funding. She expressed interest in collaborating on research related to European and Pakistani contexts of these new digital phenomena.
Crowdfunding and Venture Capital Substitutes or Complements MargenePurnell14
Crowdfunding and Venture Capital: Substitutes or Complements?
Author(s): Mario D'Ambrosio and Gianfranco Gianfrate
Source: The Journal of Private Equity , WINTER 2016, Vol. 20, No. 1 (WINTER 2016), pp.
7-20
Published by: Euromoney Institutional Investor PLC
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Crowdfunding and Venture
Capital: Substitutes or
Complements?
Mario D'Ambrosio and Gianfranco Gianfrate
Mario D'Ambrosio
is a former analyst at H.I.G.
Capital in Milan, Italy.
[email protected]
Gianfranco
Gianfrate
is a Giorgio Ruffolo
Fellow in Sustainability
Science at Harvard
University in Cambridge,
MA.
gianfranco_gianfrate @ hks
.harvard.edu
Despite to scale of crowdfunding encourage action the growing by the it as and U.S. importance a the source Congress large- of
of crowdfunding and the large-
scale action by the U.S. Congress
to encourage it as a source of
capital for new ventures, the phenomenon
remains relatively unexplored. Specifi-
cally, the nature of the interactions between
crowdfunding and other traditional forms of
entrepreneurial financing - venture capital,
especially - has received scant attention. Is
crowdfunding an alternative or comple-
mentary source of funding with respect to
traditional venture capital and angel invest-
ments? Will venture capital be swept away
by crowdfunding?
The question of whether crowdfunding
is or will become a meaningful alternative
to angel finance and venture capital still
needs to be explored: There is uncertainty
about whether crowdfunding efforts rein-
force or contradict existing theories on how
ventures raise capital and achieve success
(Mollick [2013]). Moreover, if it is accepted
that the success of traditionally-funded new
ventures is often highly constrained by geog-
raphy (Chen et al. [2009]), then the role of
geography in crowdfunding represents a
noteworthy subject. Some researchers and
academics have noted that crowdfunding has
the potential to mitigate many of the dis-
tance effects found in traditional fundraising
efforts. Some evidence has been found that
crowdfunding relaxes geographic constraints
among funders (Agrawal, Catalini, and ...
Presentation at FPA Conf (Naperville, IL Sept 1, 2015)Jeffrey R. Carter
The document summarizes the growing startup scene in Chicago. It notes that Chicago has seen a 101% increase in venture capital funding from 2013-2014, compared to 85% in Silicon Valley. Recent exits include a $800 million exit for PayPal in 2013 and a $350 million exit for Nordstrom in 2014. The document highlights resources for startups in Chicago like accelerators, coworking spaces, and angel investor groups. It provides tips for angel investors, such as typical deal structures, industries that angels like/dislike, common mistakes angels make, and the benefits of investing through a fund to gain exposure without as much work.
This document summarizes research being conducted on crowdfunding in Sweden. The researchers are investigating why crowdfunding has not taken off in Sweden despite its success in other parts of the world. They interviewed entrepreneurs and institutional actors in Sweden who expressed that traditional sources of funding like venture capital are seen as more legitimate than crowdfunding. The researchers analyzed how crowdfunding platforms in Sweden attempted to position crowdfunding as either a substitute or complement to traditional funding to make it a more viable option, but that the institutional logics of actors in Sweden were slow to change. The researchers are continuing to study how crowdfunding platforms can better address and change prevailing institutional logics in Sweden.
Entrepreneurship: Global Transformation EngineDonna Harris
1. The document discusses how entrepreneurship has fueled major industrial revolutions throughout history including the current Internet revolution.
2. It notes that we are nearing a time when anyone, anywhere can create the next massively high growth company due to declining startup costs and the availability of resources online.
3. Early stage venture investing is also undergoing disruption in favor of entrepreneurs through more transparent and standardized processes as well as new models like crowdfunding and syndicates.
4. Socially driven disruption is upending major industries like education, healthcare and energy by applying peer-to-peer models, presenting opportunities around the world.
Social Impact Bonds: UK and some comparative perspectivesLawrenceFinkle
Presentation given by OPM's Director for Evaluation, Research and Engagement Chih Hoong Sin to the 2015 Social Investing and CSR Forum on 'The Emergence of Social Impact Investment and Transformation of CSR in UK and Japan' Meiji University, Tokyo, 7th March 2015
This document provides an overview of crowdfunding. It defines crowdfunding as the accumulation of small investments from a large number of individuals via the Internet to fund projects. There are four main forms of crowdfunding: donation-based, reward-based, equity-based, and debt-based. Crowdfunding has grown significantly in recent years and is projected to continue growing substantially. However, there are still challenges to address regarding skills, support, regulation, cross-border investments, and taxation. The document then discusses some examples and trends in crowdfunding.
The document provides an overview of crowdfunding and discusses traditional funding methods for entrepreneurs. It defines the four main models of crowdfunding: donations-based, rewards-based, lending-based, and equity-based. The document also highlights that crowdfunding transactions are expected to exceed $34 billion in 2015 and overtake venture capital funding. It features perspectives from leaders in the crowdfunding industry on topics like peer-to-peer lending and increasing financial inclusion through alternative credit scoring models.
Crowdfunding: Funding Innovation through Innovation in Funding – BGSE Thesis Sergio Gutiérrez Montero
Do you know crowdfunding? In an online survey conducted primarily among entrepreneurs and students in the field of innovation and entrepreneurship, almost 50% answered “No”. Even cutting-edge innovator Google continuously suggested the authors of this thesis to check the spelling of “crowdfunding” when writing the thesis on Google docs. Further anecdotal evidence can be found in our classes and seminars. During our master program, we have been taught different ways how startup ventures can raise capital and have engaged in discussions with entrepreneurs and technology transfer officers. Crowdfunding was not mentioned. Yet, we remember our thesis advisor and innovation consultant Paco Conde of LTC saying that many of his clients, when thinking about innovation, primarily think of their production process thereby neglecting the importance of innovation at the financing (and distribution) stage.
In July 2010, thus almost coinciding with the beginning of our studies at Barcelona Graduate School of Economics, the search term “crowdfunding” for the first time generated enough traffic to be spotted by Google Trends (Figure 1). Throughout the last year search volume has steadily increased, demonstrating growing interest and awareness of the topic.
Crowdfunding in general and crowdfunding for startup companies in particular are nascent phenomena that made it to the headlines only recently but bear the potential to drastically change the way startup companies are financed today.
My presentation on crowdfunding at the The Sweden-U.S. Entrepreneurial Forum in Stockholm and Entreprenörskaps Forum in October 2013: http://www.esbri.se/sweden-us.asp.
The dynamics of crowdfunding: An exploratory studypchodge
This document analyzes crowdfunding dynamics using data from over 48,500 projects on Kickstarter totaling $237 million in funding. It finds that:
1) Personal networks and underlying project quality are associated with crowdfunding success, while geography relates to both project types proposed and fundraising success.
2) Most founders fulfill obligations to backers, but over 75% deliver products later than expected, with more delay predicted by higher funding levels.
3) Crowdfunding sheds light on entrepreneurial financing, the role of founder quality/networks, and how geography impacts new ventures. The dynamics suggest further study of crowdfunding is warranted.
Crowdfunding can be an effective way for entrepreneurs to raise capital online. There are different types of crowdfunding campaigns including equity, reward, donation, and debt crowdfunding. Equity crowdfunding allows companies to sell shares to many investors under certain regulations, while reward and donation crowdfunding offers perks or products in exchange for donations. To have a successful crowdfunding campaign, it is important to solve a real problem, do research, show your own investment, set a strategic funding goal, craft an effective pitch, and make the campaign a top priority for its duration. Other sources of capital beyond crowdfunding include loans, angel investing, venture capital, and grants
Suggested Citation: O Riordan, N. 2013. An initial exploration of Crowd Funding. NUIG Whitaker Institute Working Paper Series.
An overview of existing research on crowd funding platforms and the identification of key research questions that need to be addressed in future research
This document provides an overview of social-based funding and crowdfunding trends. It discusses various crowdfunding models like crowdlending, crowdfactoring, and crowdinvesting. It also tracks the development of crowdfunding platforms and regulations over time. Additionally, it examines how traditional banks are reacting to crowdfunding and considers future trends in peer-to-peer lending and crowdfunding.
This document discusses crowdfunding in Sweden. It provides details on a successful crowdfunding campaign called "Flippin' Burgers" that raised SEK 36,502. It defines crowdfunding as the accumulation of small investments from a large number of individuals via the internet. There are different types of crowdfunding such as donation, reward, equity, and debt. The document also examines who the funders tend to be, whether crowdfunding can democratize access to funding, and some of the opportunities and challenges around crowdfunding regulation and support in Sweden.
This document provides an overview of crowdfunding, including its definition, how it works, types of crowdfunding, and key factors for success. It defines crowdfunding as raising funds from many people online, usually in small amounts. There are five main types: donation, reward, equity, debt, and royalty crowdfunding. Reward crowdfunding, where backers receive a non-financial reward, is one of the most popular models. The document also discusses the crowdfunding industry's growth, strengths like retaining equity and accessibility, weaknesses like potential for fraud, and opportunities like leveraging tech trends. It concludes that legal restrictions and high failure rates of small businesses pose threats but that
Similar to Crowdfunding and a Digital Innovation Though Experiment (20)
Digital Traces, Ethics and Insight: Data-Driven Services in FinTechClaire Ingram Bogusz
This presentation was given on 19 March 2018 for an audience at ESBRI in Stockholm. It highlights how, although data have been integral to the creation of new services, products and markets, responsible data use and analysis is vital.
A conversation grounded in slides, which was with a group of Swedish CIOs in March 2018. We talked about the implications of data collection for those who weren't even directly involved in data collection; for organisations, talent hunters, and ultimately ecosystems.
A presentation I gave for Lidingöloppet sponsors about the importance of identity online, especially in light of the rise of ad-blockers and globalisation. The starting point was my own research about the importance of identity in Open Source communities like the Bitcoin one.
This document provides an overview of cryptocurrencies like Bitcoin and the underlying blockchain technology. It discusses how distributed ledgers work through cryptography and a verified asset-agnostic ledger. While blockchains offer benefits like verification at scale, there are also design weaknesses. The document considers potential implications for supply chains, as blockchains could transform how assets are tracked. However, the author advises approaching potential applications with caution, as new skills and tools will be needed to leverage blockchains for "business as usual." Further reading on blockchain projects and investments is also referenced.
This document provides an overview of bitcoin, blockchains and their potential implications. It begins with background on distributed ledgers and cryptocurrencies like bitcoin. It then explains how technologies like blockchains work through the use of cryptography, tokens, and verification across distributed networks. Finally, it discusses how these technologies could disrupt traditional business models and provides further reading on applications in Sweden and internationally.
I gave this 10-minute presentation at the IIS offices, in the lead/up to the launch of their book on FinTech in Sweden. The slides outline the contents of a chapter that I contributed to the book.
A little about the pace of technological development--and how it both encourages and requires that we keep pace. However, execution is much of the battle; the technology changes are just the start.
A presentation given on data science, how it is affecting both individuals and firms, and how data science is being incorporated into the firm. Used as the basis for a class on digitalisation and big data for 3rd year Bachelors students.
This presentation was given at Skatteverket (the Swedish Tax agency) at a meeting of all four of the Scandinavian tax agencies, convened to work out how to respond to the various areas of sharing that have emerged in all four countries.
The rise of FinTech is part of a larger pattern, which includes the automation of a number of processes--and jobs. This presentation encouraged participants to engage with the question "How do I stay relevant in a world that is changing so fast?"
We presented some updated numbers around investment into FinTech in the Stockholm region. This report was commissioned by the Stockholm Business Region.
We developed and presented this report, which includes both a quantitative and qualitative investigation of FinTech investment in the Stockholm region. It was released in June 2015.
This presentation was given for Skatteverket (The Swedish Tax Authority) in April 2016. Entreprenörskapsforum commissioned the original report behind this presentation, available at sharing.claireingram.se.
The document discusses the sharing economy in Sweden. It finds that while the sharing economy has grown, second-hand sales are more common than sharing and exchanging. The sharing economy is driven by factors like increased internet access, lower barriers to entry, and a desire for more sustainable living. Examples of sharing platforms discussed include Uber, AirBnB, and crowdfunding sites. Concerns are raised about the sharing economy's impact on the labor market and potential regulatory challenges. The sharing economy is projected to continue rapid global growth and could reach $90-96 billion by 2025.
The document discusses the history and development of Bitcoin and blockchain technology. It describes how Bitcoin was created in 2008 as an electronic payment system using cryptography instead of a trusted third party. It introduces the underlying blockchain technology and explains how the blockchain records transactions in blocks in a distributed ledger. It also discusses how Bitcoin is bought and sold, current uses cases, regulations, security concerns and the potential roles for banks to participate in the Bitcoin ecosystem.
This document summarizes sources of financial capital for startups in Sweden. It discusses estimating capital needs, including tangible and intangible assets. Sources of capital include grants, loans, bootstrapping, friends and family, crowdfunding, angel investors, venture capital, and later-stage options like buyouts and IPOs. Each source involves different tradeoffs in terms of control, risk bearing, equity dilution, and growth expectations. Crowdfunding can help validate the market, pricing, and build a brand or community.
Today saw the launch of a really interesting research collaboration between Stockholm School of Economics, the Stockholm Business Region and Nasdaq. We met loads of really interesting professionals working in the FinTech space in Stockholm. Please do contact us if you have any questions - or just to say hi!
UiPath Test Automation using UiPath Test Suite series, part 5DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 5. In this session, we will cover CI/CD with devops.
Topics covered:
CI/CD with in UiPath
End-to-end overview of CI/CD pipeline with Azure devops
Speaker:
Lyndsey Byblow, Test Suite Sales Engineer @ UiPath, Inc.
Sudheer Mechineni, Head of Application Frameworks, Standard Chartered Bank
Discover how Standard Chartered Bank harnessed the power of Neo4j to transform complex data access challenges into a dynamic, scalable graph database solution. This keynote will cover their journey from initial adoption to deploying a fully automated, enterprise-grade causal cluster, highlighting key strategies for modelling organisational changes and ensuring robust disaster recovery. Learn how these innovations have not only enhanced Standard Chartered Bank’s data infrastructure but also positioned them as pioneers in the banking sector’s adoption of graph technology.
Climate Impact of Software Testing at Nordic Testing DaysKari Kakkonen
My slides at Nordic Testing Days 6.6.2024
Climate impact / sustainability of software testing discussed on the talk. ICT and testing must carry their part of global responsibility to help with the climat warming. We can minimize the carbon footprint but we can also have a carbon handprint, a positive impact on the climate. Quality characteristics can be added with sustainability, and then measured continuously. Test environments can be used less, and in smaller scale and on demand. Test techniques can be used in optimizing or minimizing number of tests. Test automation can be used to speed up testing.
Infrastructure Challenges in Scaling RAG with Custom AI modelsZilliz
Building Retrieval-Augmented Generation (RAG) systems with open-source and custom AI models is a complex task. This talk explores the challenges in productionizing RAG systems, including retrieval performance, response synthesis, and evaluation. We’ll discuss how to leverage open-source models like text embeddings, language models, and custom fine-tuned models to enhance RAG performance. Additionally, we’ll cover how BentoML can help orchestrate and scale these AI components efficiently, ensuring seamless deployment and management of RAG systems in the cloud.
Dr. Sean Tan, Head of Data Science, Changi Airport Group
Discover how Changi Airport Group (CAG) leverages graph technologies and generative AI to revolutionize their search capabilities. This session delves into the unique search needs of CAG’s diverse passengers and customers, showcasing how graph data structures enhance the accuracy and relevance of AI-generated search results, mitigating the risk of “hallucinations” and improving the overall customer journey.
Maruthi Prithivirajan, Head of ASEAN & IN Solution Architecture, Neo4j
Get an inside look at the latest Neo4j innovations that enable relationship-driven intelligence at scale. Learn more about the newest cloud integrations and product enhancements that make Neo4j an essential choice for developers building apps with interconnected data and generative AI.
HCL Notes und Domino Lizenzkostenreduzierung in der Welt von DLAUpanagenda
Webinar Recording: https://www.panagenda.com/webinars/hcl-notes-und-domino-lizenzkostenreduzierung-in-der-welt-von-dlau/
DLAU und die Lizenzen nach dem CCB- und CCX-Modell sind für viele in der HCL-Community seit letztem Jahr ein heißes Thema. Als Notes- oder Domino-Kunde haben Sie vielleicht mit unerwartet hohen Benutzerzahlen und Lizenzgebühren zu kämpfen. Sie fragen sich vielleicht, wie diese neue Art der Lizenzierung funktioniert und welchen Nutzen sie Ihnen bringt. Vor allem wollen Sie sicherlich Ihr Budget einhalten und Kosten sparen, wo immer möglich. Das verstehen wir und wir möchten Ihnen dabei helfen!
Wir erklären Ihnen, wie Sie häufige Konfigurationsprobleme lösen können, die dazu führen können, dass mehr Benutzer gezählt werden als nötig, und wie Sie überflüssige oder ungenutzte Konten identifizieren und entfernen können, um Geld zu sparen. Es gibt auch einige Ansätze, die zu unnötigen Ausgaben führen können, z. B. wenn ein Personendokument anstelle eines Mail-Ins für geteilte Mailboxen verwendet wird. Wir zeigen Ihnen solche Fälle und deren Lösungen. Und natürlich erklären wir Ihnen das neue Lizenzmodell.
Nehmen Sie an diesem Webinar teil, bei dem HCL-Ambassador Marc Thomas und Gastredner Franz Walder Ihnen diese neue Welt näherbringen. Es vermittelt Ihnen die Tools und das Know-how, um den Überblick zu bewahren. Sie werden in der Lage sein, Ihre Kosten durch eine optimierte Domino-Konfiguration zu reduzieren und auch in Zukunft gering zu halten.
Diese Themen werden behandelt
- Reduzierung der Lizenzkosten durch Auffinden und Beheben von Fehlkonfigurationen und überflüssigen Konten
- Wie funktionieren CCB- und CCX-Lizenzen wirklich?
- Verstehen des DLAU-Tools und wie man es am besten nutzt
- Tipps für häufige Problembereiche, wie z. B. Team-Postfächer, Funktions-/Testbenutzer usw.
- Praxisbeispiele und Best Practices zum sofortigen Umsetzen
Best 20 SEO Techniques To Improve Website Visibility In SERPPixlogix Infotech
Boost your website's visibility with proven SEO techniques! Our latest blog dives into essential strategies to enhance your online presence, increase traffic, and rank higher on search engines. From keyword optimization to quality content creation, learn how to make your site stand out in the crowded digital landscape. Discover actionable tips and expert insights to elevate your SEO game.
Why You Should Replace Windows 11 with Nitrux Linux 3.5.0 for enhanced perfor...SOFTTECHHUB
The choice of an operating system plays a pivotal role in shaping our computing experience. For decades, Microsoft's Windows has dominated the market, offering a familiar and widely adopted platform for personal and professional use. However, as technological advancements continue to push the boundaries of innovation, alternative operating systems have emerged, challenging the status quo and offering users a fresh perspective on computing.
One such alternative that has garnered significant attention and acclaim is Nitrux Linux 3.5.0, a sleek, powerful, and user-friendly Linux distribution that promises to redefine the way we interact with our devices. With its focus on performance, security, and customization, Nitrux Linux presents a compelling case for those seeking to break free from the constraints of proprietary software and embrace the freedom and flexibility of open-source computing.
Let's Integrate MuleSoft RPA, COMPOSER, APM with AWS IDP along with Slackshyamraj55
Discover the seamless integration of RPA (Robotic Process Automation), COMPOSER, and APM with AWS IDP enhanced with Slack notifications. Explore how these technologies converge to streamline workflows, optimize performance, and ensure secure access, all while leveraging the power of AWS IDP and real-time communication via Slack notifications.
Programming Foundation Models with DSPy - Meetup SlidesZilliz
Prompting language models is hard, while programming language models is easy. In this talk, I will discuss the state-of-the-art framework DSPy for programming foundation models with its powerful optimizers and runtime constraint system.
Unlock the Future of Search with MongoDB Atlas_ Vector Search Unleashed.pdfMalak Abu Hammad
Discover how MongoDB Atlas and vector search technology can revolutionize your application's search capabilities. This comprehensive presentation covers:
* What is Vector Search?
* Importance and benefits of vector search
* Practical use cases across various industries
* Step-by-step implementation guide
* Live demos with code snippets
* Enhancing LLM capabilities with vector search
* Best practices and optimization strategies
Perfect for developers, AI enthusiasts, and tech leaders. Learn how to leverage MongoDB Atlas to deliver highly relevant, context-aware search results, transforming your data retrieval process. Stay ahead in tech innovation and maximize the potential of your applications.
#MongoDB #VectorSearch #AI #SemanticSearch #TechInnovation #DataScience #LLM #MachineLearning #SearchTechnology
Driving Business Innovation: Latest Generative AI Advancements & Success StorySafe Software
Are you ready to revolutionize how you handle data? Join us for a webinar where we’ll bring you up to speed with the latest advancements in Generative AI technology and discover how leveraging FME with tools from giants like Google Gemini, Amazon, and Microsoft OpenAI can supercharge your workflow efficiency.
During the hour, we’ll take you through:
Guest Speaker Segment with Hannah Barrington: Dive into the world of dynamic real estate marketing with Hannah, the Marketing Manager at Workspace Group. Hear firsthand how their team generates engaging descriptions for thousands of office units by integrating diverse data sources—from PDF floorplans to web pages—using FME transformers, like OpenAIVisionConnector and AnthropicVisionConnector. This use case will show you how GenAI can streamline content creation for marketing across the board.
Ollama Use Case: Learn how Scenario Specialist Dmitri Bagh has utilized Ollama within FME to input data, create custom models, and enhance security protocols. This segment will include demos to illustrate the full capabilities of FME in AI-driven processes.
Custom AI Models: Discover how to leverage FME to build personalized AI models using your data. Whether it’s populating a model with local data for added security or integrating public AI tools, find out how FME facilitates a versatile and secure approach to AI.
We’ll wrap up with a live Q&A session where you can engage with our experts on your specific use cases, and learn more about optimizing your data workflows with AI.
This webinar is ideal for professionals seeking to harness the power of AI within their data management systems while ensuring high levels of customization and security. Whether you're a novice or an expert, gain actionable insights and strategies to elevate your data processes. Join us to see how FME and AI can revolutionize how you work with data!
For the full video of this presentation, please visit: https://www.edge-ai-vision.com/2024/06/building-and-scaling-ai-applications-with-the-nx-ai-manager-a-presentation-from-network-optix/
Robin van Emden, Senior Director of Data Science at Network Optix, presents the “Building and Scaling AI Applications with the Nx AI Manager,” tutorial at the May 2024 Embedded Vision Summit.
In this presentation, van Emden covers the basics of scaling edge AI solutions using the Nx tool kit. He emphasizes the process of developing AI models and deploying them globally. He also showcases the conversion of AI models and the creation of effective edge AI pipelines, with a focus on pre-processing, model conversion, selecting the appropriate inference engine for the target hardware and post-processing.
van Emden shows how Nx can simplify the developer’s life and facilitate a rapid transition from concept to production-ready applications.He provides valuable insights into developing scalable and efficient edge AI solutions, with a strong focus on practical implementation.
Threats to mobile devices are more prevalent and increasing in scope and complexity. Users of mobile devices desire to take full advantage of the features
available on those devices, but many of the features provide convenience and capability but sacrifice security. This best practices guide outlines steps the users can take to better protect personal devices and information.
Goodbye Windows 11: Make Way for Nitrux Linux 3.5.0!SOFTTECHHUB
As the digital landscape continually evolves, operating systems play a critical role in shaping user experiences and productivity. The launch of Nitrux Linux 3.5.0 marks a significant milestone, offering a robust alternative to traditional systems such as Windows 11. This article delves into the essence of Nitrux Linux 3.5.0, exploring its unique features, advantages, and how it stands as a compelling choice for both casual users and tech enthusiasts.
Observability Concepts EVERY Developer Should Know -- DeveloperWeek Europe.pdfPaige Cruz
Monitoring and observability aren’t traditionally found in software curriculums and many of us cobble this knowledge together from whatever vendor or ecosystem we were first introduced to and whatever is a part of your current company’s observability stack.
While the dev and ops silo continues to crumble….many organizations still relegate monitoring & observability as the purview of ops, infra and SRE teams. This is a mistake - achieving a highly observable system requires collaboration up and down the stack.
I, a former op, would like to extend an invitation to all application developers to join the observability party will share these foundational concepts to build on:
2. A TALE OF TWO PHENOMENA
• Crowdfunding
• Blockchain
3. SCHEDULE TODAY
What is Crowdfunding?
Background and research
Who adds what?
What is Blockchain?
Convergence?
4. Image: FundedByMe
WHAT IS IT?
• Accumulation of small investments in individual projects by
large number of individuals (the “crowd”) via or with help of
the Internet and social networks (De Buysere et al., 2012)
5. A FEW KINDS...
• Three of significant size
• Donation- and reward-based
• Equity-based
• Debt/loan based (also called peer to peer lending/peer to business lending)
• (But also royalty-based)
6. Investment Role and Type Investment Value, 2012
Angel
Investors
Invest large amounts, make few
investments and take equity
share.
3.3-3.9 billion SEK p.a.
(approximation, based on 2008
data)
Soft Loans
State loans at high interest rates,
but which can be written off on
enterprise dissolution.
2.4 billion SEK p.a. (ALMI
alone)
Venture
Capitalists
Invest large amounts, make few
investments and take equity
share.
1.8 billion SEK p.a. (2010 data)
Crowdfunding
Either donation, pre-
purchase/reward-based or equity,
depending on platform and
entrepreneur’s preferences.
Estimated 100 million SEK
(2014)
Ingram & Teigland, 2013
7. TWO-SIDED PLATFORM
• On the one hand, entrepreneurs
• But also The Crowd ≈ potential investors
• Need to attract both – with the same platform
• Both add value
12. MOTIVATION(S) TO INVEST
• Four main motivations have been identified when it comes to reward-based
• 1) to collect rewards, 2) to help others, 3) to be a part of a community, 4) and
support a cause (Gerber, Hui, & Kuo, 2012).
• Equity- and debt-based projects primarily attract investors who are interested in
a return on their investment (Cholakova & Clarysse, 2015)
• “The Crowd” able to infer creditworthiness (Iver et al. 2016)
• Track record important (Gompers et al. 2010)
• Generally reliant on similar signals to professional investors (e.g. Mollick, 2013)
• Early success = vital (Vismara, 2016)
13. EVERYONE LOVES A NARRATIVE
• Manning and Bejanaro (2017) identify two different narrative styles:
• The “ongoing journey”, which frames a project as a shared long-term journey
fuelled by “creative initial ideas and a bold vision”, and
• The “results-in-progress”, framed as a slow “progression of accomplishments”
• Also evident in debt-based crowdfunding (Allison et al. 2015)
• Although TMI (Kim et al. 2016)
14. DEMOCRATISING?
• It has been hoped that the digital phenomenon might erode the dominance of
white men in both entrepreneurship and financing.
• Greenberg and Mollick (2016) find that women are considerably more likely to
successful raise capital than male founders.
• Interestingly, they note that this primarily because of an unusually large
number of women driving technology projects (an industry considered male-
dominated), and is thus dependent a small segment of female backers.
• Another study found that men both seek, and obtain, significantly higher levels of
capital than women for their projects.
• Women-led projects were more likely to successfully raise funds, even after
controlling for category and goal amount (Marom, Robb, & Sade, 2016)
• What about other minorities?
15. IS FINANCIAL CAPITAL ENOUGH?
AND WHY? (DISCUSSION)
• While prior investment operated as a signal as to project quality, as discussed
previously, this signal was more effective where investors provided detailed
(offline) information about themselves (Burtch et al., 2013).
-> looks like Social Capital
• Leaders obtain rewards for initiating lending, and their active participation on the
platform for instance by promoting projects, increased the success probability of
these projects (Hildebrand, Puri, & Rocholl, 2016)
-> also Social Capital
• What about Human Capital?
18. BITCOIN
• Digital/crypto currency
• Developed by one individual/team, maintained and expanded on through OS
development
• Supra-national Bitcoin Foundation (political and development body)
• Large number of spin-offs
• Both ”currency” and mode of transaction
19. • Bitcoin Protocol released in
2008 by “Satoshi Nakamoto” in
a paper on The Cryptography
Mailing list
• Open source underlying
technology called “the
Blockchain”
• Released the first version of
the bitcoin software client in
2009
• Nakamoto disappeared in 2010
26. Image via NewYorker.com
Claire Ingram Bogusz
Stockholm School of
Economics
claire.ingram@hhs.se
@Claire_EBI
Crowdfunding summary here
Editor's Notes
Requires massive servers and computer power to maintain—hard work done by machines, not humans. This could be any server room in the world—but is larger. Is KNC miner’s bitcoin mining farm in Norrland. Move into discussion of Bitcoin and Blockchain.