Stephanie Macht and Geoffrey Chapman
Many businesses invest significant resources to develop human, social and psychological capital, yet Crowdfunding (CF) activities have the potential to build all of these…
Abstract
Purpose
Many businesses invest significant resources to develop human, social and psychological capital, yet Crowdfunding (CF) activities have the potential to build all of these non-financial forms of capital at the same time as raising finance. The purpose of this paper is to explore the non-financial forms of capital that entrepreneurs and businesses using online CF activities can gain from their backers without having to ask for it.
Design/methodology/approach
The study used thematic, qualitative analysis to explore the comments and queries that crowdfunders posted on the publicly visible message board of individual CF projects on Kickstarter, one of the world’s leading crowdfunding platforms (CFPs).
Findings
Fund-seekers can gain more than money from crowdfunders: they can enhance their own human capital (e.g. knowledge of the viability of the project), social capital (e.g. the development of a bonding relationship) and psychological capital (e.g. self-efficacy and resilience) by effectively interpreting unsolicited comments and questions.
Research limitations/implications
This study is based on typed comments on CFP message boards, which limits insights into underlying reasons and motivations. However, the qualitative analysis of message board comments demonstrates how this type of data can be utilised to explore crucial aspects of CF that have to date been neglected.
Practical implications
Comments from many crowdfunders can provide useful information to fund-seeking entrepreneurs and businesses, although some of it may require interpretation.
Originality/value
The opportunity for fund-seekers to gain non-financial capital from crowdfunders, without having to ask for it, has not previously been explicitly considered in the field.
Details
Keywords
John Donaldson, J.H. Arkell and R. Davies
November 9, 1972 Master and Servant — Redundancy — “Dismissal” — Employees taken to and from work free of charge — Transport discontinued by employers because uneconomical �…
Abstract
November 9, 1972 Master and Servant — Redundancy — “Dismissal” — Employees taken to and from work free of charge — Transport discontinued by employers because uneconomical — Employees' notice — No evidence diminished requirements of work — Whether proper test to consider future availability of work if transport continued — Redundancy Payments Act, 1965 (c.62),s.l(2). Industrial Court — Judicial precedent — Whether decisions of Divisional Court binding — Whether Industrial Court bound by own decisions.
IT would be quite impossible adequately to report a Dublin conference of any kind in purely professional terms. The warm friendliness of its people demands an equally personal…
Abstract
IT would be quite impossible adequately to report a Dublin conference of any kind in purely professional terms. The warm friendliness of its people demands an equally personal reaction from its visitors and for public librarians certainly this is as it should be, because we are ourselves, above all, involved with people. So professional affairs at this conference were kept in their proper place—as only a part of the whole and merely providing a framework round which the business of renewing contacts and making friends could take place.
A question of size THE Committee set up by the Minister of Education in 1957 to “consider the structure of the public library service in England and Wales, and to advise what…
Abstract
A question of size THE Committee set up by the Minister of Education in 1957 to “consider the structure of the public library service in England and Wales, and to advise what changes, if any, should be made n the administrative arrangements, regard being had to the relation of public libraries to other libraries,” was the first such since the Kenyon Committee which reported in 1927. One of the most controversial aspects of the Roberts Committee's deliberations was the consideration of the minimum size (in terms of population) of an independent library system.
TWO Government reports in one week—one at first unobtainable because of a union dispute, the other a vast opus of three volumes, with three separate volumes of maps—this was the…
Abstract
TWO Government reports in one week—one at first unobtainable because of a union dispute, the other a vast opus of three volumes, with three separate volumes of maps—this was the fate of librarians in Britain during the second week of June 1969. So long to wait for these reports of Dainton and Maud, then so much to read.
A significant feature of the post‐war period in the UK has been the continued attempts by successive governments to implement incomes policies, with a total of 22 such policies or…
Abstract
A significant feature of the post‐war period in the UK has been the continued attempts by successive governments to implement incomes policies, with a total of 22 such policies or stages of policies having been introduced since 1948.
Examines the dramatic post‐war slide of church membership inScotland from a socio‐economic perspective. Analysis of membershipinflows and outflows reveals that the decline in the…
Abstract
Examines the dramatic post‐war slide of church membership in Scotland from a socio‐economic perspective. Analysis of membership inflows and outflows reveals that the decline in the stock of church members is accounted for in terms of the ebbing of the former. Describes and tests eclectic theoretical hypotheses, invoked to explain this observation, using simple aggregate annual time‐series data. Draws conclusions with respect to the significant economic and social factors which determine church attendance in Scotland. Anticipates increasing disinvolvement in Scottish institutional religion.
ANYONE who might have looked in at one of the windows of the “pavilion” at Churchill College in Cambridge in the late evening of September 11th, 1967, would have witnessed a…
Abstract
ANYONE who might have looked in at one of the windows of the “pavilion” at Churchill College in Cambridge in the late evening of September 11th, 1967, would have witnessed a rather remarkable event—a group of British and Scandinavian librarians performing with great sincerity a stirring musical interpretation of “Bobby Bingo”, using a variety of instruments ranging from potato pots and wine glasses to combs and human voices.
THE traditional division of information services into science and technology on the one hand and the humanities on the other, does nothing to improve the provision of information…
Abstract
THE traditional division of information services into science and technology on the one hand and the humanities on the other, does nothing to improve the provision of information in a multi‐disciplinary subject such as planning. The proposal to make separate provision, within the national framework, for the social sciences, which was put forward by J. E. Pemberton in the November issue of this journal, would only serve to further fragment the sources of information in planning.