A snapshot on crowdfunding

Citation preview

econstor

A Service of

zbw

Make Your Publications Visible.

Leibniz-Informationszentrum Wirtschaft Leibniz Information Centre for Economics

Hemer, Joachim

Working Paper

A snapshot on crowdfunding

Arbeitspapiere Unternehmen und Region, No. R2/2011 Provided in Cooperation with: Fraunhofer Institute for Systems and Innovation Research ISI

Suggested Citation: Hemer, Joachim (2011) : A snapshot on crowdfunding, Arbeitspapiere Unternehmen und Region, No. R2/2011, Fraunhofer ISI, Karlsruhe

This Version is available at: http://hdl.handle.net/10419/52302 Standard-Nutzungsbedingungen:

Terms of use:

Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.

Documents in EconStor may be saved and copied for your personal and scholarly purposes.

Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.

You are not to copy documents for public or commercial purposes, to exhibit the documents publicly, to make them publicly available on the internet, or to distribute or otherwise use the documents in public.

Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte.

www.econstor.eu

If the documents have been made available under an Open Content Licence (especially Creative Commons Licences), you may exercise further usage rights as specified in the indicated licence.

Working Papers Firms and Region No. R2/2011

Joachim Hemer

A Snapshot on Crowdfunding

Contact: Fraunhofer Institute for Systems and Innovation Research ISI Competence Center "Policy and Regions" Breslauer Strasse 48 76139 Karlsruhe, Germany Telephone: +49 / 721 / 6809-138 Telefax: +49 / 721 / 6809-176 e-mail: [email protected] URL: www.isi.fraunhofer.de Karlsruhe 2011 ISSN 1438-9843

Content

I

Content

Page

Abstract ....................................................................................................................... 1 1

Introduction.......................................................................................................... 1

2

Research questions and methodological approach.......................................... 3

3

Literature analysis ............................................................................................... 4

4

Description of the phenomenon crowdfunding ................................................. 8

5

6

4.1

Typology of actors in the crowdfunding arena...................................... 9

4.2

Typology of crowdfunding projects and instruments .......................... 11

4.3

Rewards and motivation .................................................................... 13

4.4

Business models of CF platforms ...................................................... 15

Economic relevance of crowdfunding ............................................................. 17 5.1

Empirical basis .................................................................................. 17

5.2

Number of crowdfunding ventures ..................................................... 21

5.3

Mobilising the crowd: Number of supporters ...................................... 23

5.4

Volume of funds mobilised from