Blueprinting Crowdfunding - Designing a Crowdfunding Service Configuration Framework

Crowdfunding gained momentum over the last few years. In contrast to traditional forms of funding, the service provision of crowdfunding platforms is performed within service systems. These comprise a complex combination of IT and non-IT services, different stakeholders, and diverging contexts and purposes. The design and operation of such service systems represents a tough challenge. Therefore, we developed a crowdfunding service configuration framework in the form of a morphological box and derived three dominant design patterns by following a design science approach. Therefore, we followed three iterations, which comprise in total twelve expert interviews, three case studies and the analysis of 161 crowdfunding platforms. The configuration framework extends research on crowdfunding and service science by providing insights in how to support the systematic design of crowdfunding service systems, reducing their complexity, and giving a comprehensive overview over their building blocks

Financing sustainable market actors in circular economy

Peer reviewe

Venture capital, crowdfunding, and initial coin offering: The interconnectedness of entrepreneurial financing channels in Europe

Objectives The main objective of this study is to examine the potential relationship between the more recent funding mechanisms – crowdfunding and initial coin offering, in this case – and the traditional ones – venture capital, in this case. Towards this goal, the study will review the current state of literature and conduct correlation analyses of the three aforementioned mechanisms. Summary This paper reviewed the literature in entrepreneurship financing and found a clear gap in researches for the interaction between different funding mechanisms. Based on the findings in this literature review, the paper conducted correlational analyses of three time-series, representing the amount raised via three channels: venture capital, crowdfunding, and initial coin offering. To prepare for these analyses, measures have been taken to produce stationarity from these non-stationary time-series. Both the differencing for stationarity and the correlation analyses allowed for interesting observations. Conclusions This led to three main insights: (1) all the time-series exhibit strong rising trend and some seasonality, (2) amount raised via crowdfunding has a slight negative correlation with that via venture capital, and (3) there is no statistically significant relationship between venture capital and ICO