Serial crowdfunding, social capital, and project success
File(s)
Accepted version
Author(s)
Buttice, V
Colombo, MG
Wright, M
Type
Journal Article
Abstract
In this paper, we focus attention on serial crowdfunders, that is, entrepreneurs who repeatedly turn to crowdfunding to finance their projects. We argue that serial crowdfunders take advantage of the social contacts with those that backed their previous campaigns. This internal social capital developed within the platform, which is not available to “normal” serial entrepreneurs, makes serial crowdfunders' campaigns more successful than those launched by novice crowdfunders. However, this type of social capital is a substitute for the internal social capital built by backing other campaigns, and has a limited lifespan. Econometric results on a sample of 31,389 Kickstarter campaigns confirm our contentions. Implications for research, practice, and policy are discussed.
Date Issued
2017-03-01
Date Acceptance
2017-03-01
Citation
Entrepreneurship Theory and Practice, 2017, 41 (2), pp.183-207
ISSN
1042-2587
Publisher
Wiley
Start Page
183
End Page
207
Journal / Book Title
Entrepreneurship Theory and Practice
Volume
41
Issue
2
Copyright Statement
© 2017 SAGE Publications Inc.
Identifier
http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:000396454300003&DestLinkType=FullRecord&DestApp=ALL_WOS&UsrCustomerID=1ba7043ffcc86c417c072aa74d649202
Subjects
Social Sciences
Business
Business & Economics
PORTFOLIO ENTREPRENEURS
STRATEGIC PERSISTENCE
PERFORMANCE
NETWORKS
TIES
DISSOLUTION
FOUNDERS
DYNAMICS
NOVICE
EMBEDDEDNESS
Publication Status
Published