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Exploratory Study on Technology related Successfully Funded Crowdfunding Projects' Post Online Market Presence

Samanci, Murat LU and Kiss, Gabor LU (2014) ENTN19 20141
Department of Business Administration
Abstract
The influence of crowdfunding on financing entrepreneurial ventures and projects have been increasing in recent years. It allows founders of crowdfunding projects to achieve investments from a relatively big crowd using the internet. The recent rise of the crowdfunding phenomena attracts more project founders to establish it as a new entrepreneurial finance method, between bootstrapping and traditional way of finance. This emphasize the need for an exploratory study on the field of technology related crowdfunding projects. The research used quantitative approach, with bivariate analyses to discover the relationship between crowdfunding indicators and the product’s post online market presence. The research examined 3169 technology related... (More)
The influence of crowdfunding on financing entrepreneurial ventures and projects have been increasing in recent years. It allows founders of crowdfunding projects to achieve investments from a relatively big crowd using the internet. The recent rise of the crowdfunding phenomena attracts more project founders to establish it as a new entrepreneurial finance method, between bootstrapping and traditional way of finance. This emphasize the need for an exploratory study on the field of technology related crowdfunding projects. The research used quantitative approach, with bivariate analyses to discover the relationship between crowdfunding indicators and the product’s post online market presence. The research examined 3169 technology related projects, from which 170 were successfully funded tangible products, which was the basis of this research. Using this methodology the research tested four hypotheses that were deducted from diffusion of technology (Miller & Garnsey, 2000), forms and dynamics of crowdfunding (Belleflamme et al., 2013, Mollick, 2014). Aiming by that to find the degree of significance between the higher numbers of needed and received funds, the total number of funders and the number of pre-sales with the product’s post online market presence. The research concludes that more project gets funded within the technology category, and particularly for tangible products, which is generally a high-cost product development. Furthermore the research found significant relationship between the higher numbers of received funds, the total number of funders and the number of pre-sales with the product’s post online market presence. To this end the research concludes by suggesting future research to investigate further the different actors separately within the crowdfunding phenomena. (Less)
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author
Samanci, Murat LU and Kiss, Gabor LU
supervisor
organization
course
ENTN19 20141
year
type
H1 - Master's Degree (One Year)
subject
keywords
crowdfunding, crowdsourcing, web 2.0, entrepreneurship, entrepreneurial finance, pre-ordering, diffusion of technology, post online market presence, reward based crowdfunding
language
English
id
4449002
date added to LUP
2014-06-19 10:37:06
date last changed
2014-06-19 10:37:06
@misc{4449002,
  abstract     = {The influence of crowdfunding on financing entrepreneurial ventures and projects have been increasing in recent years. It allows founders of crowdfunding projects to achieve investments from a relatively big crowd using the internet. The recent rise of the crowdfunding phenomena attracts more project founders to establish it as a new entrepreneurial finance method, between bootstrapping and traditional way of finance. This emphasize the need for an exploratory study on the field of technology related crowdfunding projects. The research used quantitative approach, with bivariate analyses to discover the relationship between crowdfunding indicators and the product’s post online market presence. The research examined 3169 technology related projects, from which 170 were successfully funded tangible products, which was the basis of this research. Using this methodology the research tested four hypotheses that were deducted from diffusion of technology (Miller & Garnsey, 2000), forms and dynamics of crowdfunding (Belleflamme et al., 2013, Mollick, 2014). Aiming by that to find the degree of significance between the higher numbers of needed and received funds, the total number of funders and the number of pre-sales with the product’s post online market presence. The research concludes that more project gets funded within the technology category, and particularly for tangible products, which is generally a high-cost product development. Furthermore the research found significant relationship between the higher numbers of received funds, the total number of funders and the number of pre-sales with the product’s post online market presence. To this end the research concludes by suggesting future research to investigate further the different actors separately within the crowdfunding phenomena.},
  author       = {Samanci, Murat and Kiss, Gabor},
  keyword      = {crowdfunding,crowdsourcing,web 2.0,entrepreneurship,entrepreneurial finance,pre-ordering,diffusion of technology,post online market presence,reward based crowdfunding},
  language     = {eng},
  note         = {Student Paper},
  title        = {Exploratory Study on Technology related Successfully Funded Crowdfunding Projects' Post Online Market Presence},
  year         = {2014},
}