Armin Schwienbacher

TL;DR: In this article, the authors compare two forms of crowdfunding: entrepreneurs solicit individuals either to pre-order the product or to advance a fixed amount of money in exchange for a share of future profits (or equity).

TL;DR: In this paper, the authors compare two forms of crowdfunding: entrepreneurs solicit individuals either to pre-order the product or to advance a fixed amount of money in exchange for a share of future profits (or equity).

TL;DR: In this article, the authors provide a description of crowdfunding and discuss existing research on the topic, putting crowdfunding into perspective of entrepreneurial finance and thereby describing factors affecting entrepreneurial preferences for crowdfunding as source of finance.

TL;DR: This paper investigated characteristics of individual crowdfunding practices and drivers of fundraising success, where entrepreneurs can tailor their crowdfunding initiatives better than on standardized platforms and found that most of the funds provided are entitled to receive either financial compensations (equity, profit-share arrangement) or non-financial benefits (final product, token of appreciation), while donations are less common.

TL;DR: This paper investigated characteristics of individual crowdfunding practices and drivers of fundraising success, where entrepreneurs can tailor their crowdfunding initiatives better than on standardized platforms and found that most of the funds provided are entitled to receive either financial compensations (equity, profit-share arrangement) or non-financial benefi ts (final product, token of appreciation), while donations are less common.