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Crowdfunding: The New Frontier for Financing Entrepreneurship?

13 Pages Posted: 6 Oct 2012  

Giancarlo Giudici

Polytechnic University of Milan - Dipartimento di Ingegneria Gestionale

Ricardo Nava

affiliation not provided to SSRN

Cristina Rossi Lamastra

Politecnico di Milano

Chiara Verecondo

affiliation not provided to SSRN

Date Written: October 5, 2012

Abstract

This paper aims to take stock of the extant knowledge on an emerging practice in the entrepreneurial finance landscape: crowdfunding, which seems to play an increasing important role for the seed financing of entrepreneurial projects. We provide a systematization of what it is known on this theme, which can be useful to scholars, practitioners, and policymakers interested in the phenomenon from different angles.

Adopting a phenomenon-based approach, which is deemed to be appropriate when investigating new and rather unexplored phenomena, we first review the emergent literature on the theme to single out the aspects that so far have attracted the bulk of scholarly interest. Then, we compare the crowdfunding with other forms of entrepreneurial finance. Finally, we offer a first survey on Italian crowdfunding platforms.

Keywords: Crowdfunding, Internet, Innovation financing, Venture capital

JEL Classification: G32, G32

Suggested Citation

Giudici, Giancarlo and Nava, Ricardo and Rossi Lamastra, Cristina and Verecondo, Chiara, Crowdfunding: The New Frontier for Financing Entrepreneurship? (October 5, 2012). Available at SSRN: https://ssrn.com/abstract=2157429 or http://dx.doi.org/10.2139/ssrn.2157429

Giancarlo Giudici (Contact Author)

Polytechnic University of Milan - Dipartimento di Ingegneria Gestionale ( email )

Via Lambruschini 4
Milan, 20156
Italy

Ricardo Nava

affiliation not provided to SSRN

Cristina Rossi Lamastra

Politecnico di Milano ( email )

Piazza Leonardo da Vinci
Milan, Milano 20100
Italy
+390223993972 (Phone)
+390223992710 (Fax)

Chiara Verecondo

affiliation not provided to SSRN

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