Israeli Crowdfunding: A Reflection of Its Entrepreneurial Culture

Kalanit Efrat (), Shaked Gilboa () and Daniel Berliner ()
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Kalanit Efrat: Ruppin Academic Centre
Shaked Gilboa: Ruppin Academic Centre
Daniel Berliner: University of Agder

Chapter 15 in Advances in Crowdfunding, 2020, pp 341-372 from Springer

Abstract: Abstract Crowdfunding has its roots deep in the Israeli entrepreneurship ecosystem. Its characterizing elements of—collective individualism combined with flat social hierarchies, low degree of separation, mandatory army service that enforces innovative thinking and improvisation, Chutzpah, and finally high tolerance for failure, all provide fertile ground for entrepreneurship and facilitate innovative approaches to entrepreneurship funding such as crowdfunding. In light of this, the growth of crowdfunding in Israel is not surprising. While the equity crowdfunding leads the field, rewards and donations platforms are more known and popular, indeed the brand name of the senior rewards and donations platform ‘Headstart’ became a nickname for crowdfunding action in Israel. In this chapter we illustrate the foundations of crowdfunding in Israel, its current state, and likely future development.

Keywords: Israel; Reward crowdfunding; Donation crowdfunding; Equity crowdfunding; Crowdlending; Market development; Regulation; Entrepreneurial culture; Chutzpah; Entrepreneurship ecosystem (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-46309-0_15

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DOI: 10.1007/978-3-030-46309-0_15

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