![]() ![]() In total they raised $859 million, which represents 38.5% of the funds raised on Kickstarter during the same period. Our dataset is comprised of 29,788 serial crowdfunders who launched 75,654 campaigns since Kickstarter’s inception in April, 2009 and up to November, 2016. To investigate this topic, we gather data on serial crowdfunders from the world’s largest reward-based crowdfunding platform, Kickstarter. By exploring sequences of fundraising success among serial crowdfunders, we are able to discover whether or not past success leads to future success – a question of keen interest to entrepreneurs and their backers on crowdfunding platforms. Prior work has explored multi-stage lending of venture capital-backed projects, and relationship lending between banks and borrowers, but analysis of the financing of multiple distinct projects by serial entrepreneurs scarce. Answering this research question promises to enhance our understanding of the financing of a sequence of ventures by the same entrepreneur. We still know relatively little about whether success at raising funds in one crowdfunding campaign improves serial crowdfunders’ success prospects in subsequent campaigns. Nearly one-third all of funds on the leading crowdfunding platform Kickstarter are undertaken by serial crowdfunders. Every year, we learn more about the different types of crowdfunders, including ‘serial crowdfunders’ – people who go on to launch several campaigns in succession. Sloof, R., (Forthcoming), "Informational Faultlines and Team Performance: A Field Experiment", Journal of Economics Behavior & OrganizationĪbstract: Crowdfunding, and research which studies it, has exploded in the last decade. ![]() We test and find broad support for our hypotheses using data from 355 metropolitan statistical areas in the United States spanning 2002 to 2010. We investigate the extent to which the pressure to exit created by localized competition is moderated by three “path breaking” factors-new knowledge, industry diversity, and industry switching. Adding to this pressure to exit is regional path dependence, which limits the ability of firms to respond strategically to hostile local conditions. Localized competition puts pressure on new firms to exit. Reyes, S., 2022, "Regional Path Breaking: The Role of Industry Switching, Industry Diversity, and New Knowledge in New Venture Exit", Entrepreneurship: Theory and Practice, September 46(5): 1231 - 1255.Ībstract: Regions with spatial concentrations of businesses create conditions that spawn new firms, but also undercut new venture survival. Furthermore, we also find that the effects of prestigious founder affiliations are likely to be particularly strong when recruiting jobseekers straight out of universities. ![]() Our results show that a founder’s affiliations with prestigious organizations make a start-up venture more attractive to jobseekers, and that they do so by signaling founder-related attributes rather than venture quality. We perform a series of randomized controlled experiments with respondents who are searching for jobs or will do so in the near future. This paper argues that the prestigious organizational affiliations of founders act as signals that can convey two distinct unobservable attributes: (1) founder-related attributes and (2) venture-related attributes. His recent cases illustrate bootstrapping in an Ottawa-based venture, Lightenco entrepreneurial leadership in a management buyout from DuPont, DSS and social influencer marketing in Toronto-based Viral Nation, which is North America’s leading influencer marketing agency.Ībstract: Many entrepreneurs face challenges in hiring employees, in part because of information asymmetries between start-ups and jobseekers. Parker published about two case cases on entrepreneurship every year, with a particular interest in the challenges and strategies associated with Internet-based start-ups, including their use of social media. He also regularly leads doctoral training seminars at universities in the US, UK and Europe.ĭr. He was as advisor to the OECD on entrepreneurship and SME public policy in Italy in 2013 and Canada in 2015, and is a regular keynote speaker at international conferences and workshops. ![]() He has published over 90 peer-reviewed articles in economics, entrepreneurship and management journals, and is the author of The Economics of Entrepreneurship (Cambridge University Press, 2 nd Edition 2018). Dr Parker is a Field Editor at the Journal of Business Venturing and a Co-Editor at the Journal of Economics & Management Strategy. He joined Ivey in 2008 after a sabbatical at the University of Victoria in British Columbia. Parker is a Professor of Entrepreneurship at the Ivey Business School. ![]()
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