Browsing by Subject "crowdfunding"

Now showing 1 - 7 of 7
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    Charitable Crowdfunding: Who Gives, to What, and Why?
    (2021-03-31) Osili, Una; Bergdoll, Jon; Pactor, Andrea; Ackerman, Jacqueline; Houston, Peter
    The growth of online giving signals a promising future for crowdfunding and offers donors another avenue for their generosity. This report provides details about how crowdfunding fits within the philanthropic landscape, who crowdfunding donors are, their motivations for using this giving vehicle, how they differ from typical charitable donors, the kinds of causes they support, and both donor and non-donor perceptions of this giving vehicle. Additionally, results from survey questions about charitable behavior during the COVID-19 pandemic and national reckoning on social and racial justice enhance the report.
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    Flocking to the Crowd: Cultural Entrepreneur Mobility Guided by Homophily, Market size, or Amenities?
    (Springer, 2021-12) Noonan, Douglas S.; Breznitz, Shiri M.; Maqbool, Sana; School of Public and Environmental Affairs
    Economic activity and innovation clusters in urban areas. Urban economics points to important knowledge and productivity spillovers in cities, in addition to other factors like thicker markets, lower transportation costs, and consumptive amenities. Yet thus far little work has analyzed how these different factors drive migration decisions of arts-related entrepreneurs, especially when they work in online platforms for fundraising. We use data on the largest US crowdfunding platform to identify relocating creators, allowing us to identify which kinds of regions are attracting and retaining more of this sort of talent. We test for the influence of clustering based on homophily, migration to larger markets, and relocation toward particular geographic amenities. Overall we find the strongest evidence for homophily and some distinct tendencies favoring certain regional amenities. Importantly, we both identify general relocation patterns among crowdfunding creatives and break down the attracting features for different types of creators. An examination of (net) migration by different categories of projects, such as musicians or filmmakers, reveals important heterogeneity in the attractors. For example, musicians are drawn stronger music sectors, while writers seek more isolation from other writers. This helps inform the interregional competition for talent and “creative class,” especially among a group of relatively footloose arts- and culture-intensive entrepreneurs.
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    Gender and Crowdfunding
    (2021-09-01) Mesch, Debra; Osili, Una; Ackerman, Jacqueline; Bergdoll, Jon; Skidmore, Tessa; Sager, Jeannie
    In an atmosphere of uncertainty and unprecedented need, this report focuses on women’s crowdfunding contributions as a key giving vehicle. Prior research has shown that, broadly speaking, women are more generous than men. Nontraditional forms of generosity such as crowdfunding also tend to appeal to women donors. This study focuses on the gender dynamics of crowdfunding donors.
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    #GivingTuesday: What We Know Now
    (2019-12-03) Pruitt, Anna; TeKolste, Rebecca
    This report seeks to investigate existing research about crowdfunding for nonprofit organizations using the lens of #GivingTuesday as a way to focus on the questions, concerns, and potential for this relatively new tool for giving to nonprofit organizations.
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    Looking for a Change in Scene: Analyzing the Mobility of Crowdfunding Entrepreneurs
    (Springer, 2021-08) Noonan, Douglas S.; Breznitz, Shiri M.; Maqbool, Sana; School of Public and Environmental Affairs
    As the platform economy expands, little is known about entrepreneurial mobility for those creating new ventures using online platforms. Few studies have focused on entrepreneurs’ decisions to relocate. Entrepreneurs using crowdfunding platforms, especially those in the arts and creative industries, present an interesting opportunity to investigate factors influencing relocation decisions. Our analysis sheds light on why crowdfunding creators relocate their projects, the factors that explain their destination choice, and how those factors differ by the type of crowdfunding venture. To understand entrepreneurs’ relocation decisions, we build a pseudo-panel dataset to track creator relocations on the largest reward-based crowdfunding platform (Kickstarter). The final dataset consists of over 25,000 instances where entrepreneurs within the USA made relocation decisions. Taken together, the Kickstarter data on thousands of creators over time, some of whom opted to move, reveals interesting patterns about who moved and where they went. We model their relocation decisions in two stages. First, we analyzed the decision to stay or relocate. Then, for those who relocate, we estimate a destination choice model that identifies the factors that influence which destination regions are selected. Even though these entrepreneurs utilize a platform-based tool for fundraising, they are strongly tied to their local geography. The results confirm that decisions to “change scenery” follow regional conditions relevant to local market size and their networks. The particular factors attracting these entrepreneurs depend on the sort of creative activity (e.g., music, film), as these creators exhibit tendencies to cluster in metros with well-developed crowdfunding communities.