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Appears in Collections:Management, Work and Organisation Working Papers
Peer Review Status: Unrefereed
Title: Networking with the Crowd: Start-Ups, Networks and Equity Crowdfunding
Author(s): Brown, Ross
Mawson, Suzanne
Rowe, Alexander
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Citation: Brown R, Mawson S & Rowe A (2016) Networking with the Crowd: Start-Ups, Networks and Equity Crowdfunding. Working papers in responsible banking and finance, 16-001.
Keywords: Entrepreneurship
Equity Crowdfunding
Alternative finance
United Kingdom
Issue Date: 31-Jan-2016
Date Deposited: 14-Jun-2016
Publisher: University of St Andrews
Series/Report no.: Working papers in responsible banking and finance, 16-001
Abstract: Equity crowdfunding is an increasingly important source of entrepreneurial finance for new ventures. However, empirical research and theoretical development have struggled to keep pace with its growth. This paper outlines findings from a large-scale interview study of start-ups who obtained equity crowdfunding in the UK. It explores the personal and business networks involved in the equity crowdfunding process, taking a processual perspective. The empirical findings show that networks and social capital play a critical role in the crowdfunding process. Start-ups leverage, build and drawn upon a complex array of network actors and “ties” as they move through the different stages of their crowdfunding journey. The paper concludes that equity crowdfunding is a highly “relational” form of entrepreneurial finance requiring holistic forms of investigation. The implications for further research are outlined.
Type: Working Paper
Rights: The publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study.
Affiliation: University of St Andrews
Management, Work and Organisation
University of St Andrews
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