Introduction

Nadine Scholz ()
Additional contact information
Nadine Scholz: University of Manchester

Chapter 1 in The Relevance of Crowdfunding, 2015, pp 1-6 from Springer

Abstract: Abstract These days, it is difficult to not have heard about Crowdfunding. As a relatively new possibility of informal financing for creative founders, it provides new ways in which seed capital can be raised from the general public (Steinberg, 2012). What has recently brought it into the limelight is the blend of technology advancements and the impacts of the financial crisis that opened new opportunities to bring innovations to life. Various studies argue that financing the development of ideas has always been a major constraint for small entrepreneurial firms. Cosh et al. (2009) indicate that attracting external finance is difficult for new ventures at their pre-seed and seed stage: Firstly, the post-2008 financial crisis has drastically reduced the availability of bank lending due to tougher credit regulations and collateral requirements. Secondly, higher-volume early-stage equity in the form of Venture Capital or Angel investment is limited for new ventures due to unproven product viability and lack of value (Berger & Udell, 1998).

Keywords: Venture Capital; Innovation Process; Venture Capital Firm; Innovation Adoption; Serial Entrepreneur (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-658-09837-7_1

Ordering information: This item can be ordered from
http://www.springer.com/9783658098377

DOI: 10.1007/978-3-658-09837-7_1

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().