Web 2.0 as Platform for the Development of Crowdfunding

Federico Brunetti
Additional contact information
Federico Brunetti: University of Verona

Chapter 3 in Crowdfunding for SMEs, 2016, pp 45-60 from Palgrave Macmillan

Abstract: Abstract Crowdfunding is a recent development that has changed the way start-up business are created and funded, as well leading to investment opportunities and boosting related markets. In a broad perspective, the consequences of crowdfunding for the organisation and functioning of economic activity in general are potentially significant and largely unexplored. Indeed, if crowdfunding continues to expand, the whole system of production and distribution could change. This possibility is not, however, considered here. The internet and so-called Web 2.0 enabled crowdfunding to develop. To understand crowdfunding in more than its technical and financial aspects it is therefore necessary to have a notion of the logic, instruments and background of online technologies. Accordingly, we first consider the general features of Web 2.0 as an individual and collective environment for communication and interaction. We then describe crowdfunding and the features of Web 2.0 in relation to crowdfunding, defining the participants, information and financial flows and the objects exchanged. We also discuss the consequences of this new form of collective funding-investment and conclude with some questions to stimulate reflection about theoretical and practical aspects.

Keywords: Social Medium; World Wide; Social Presence; Open Call; Community Spirit (search for similar items in EconPapers)
Date: 2016
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:pal:pmschp:978-1-137-56021-6_3

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137560216

DOI: 10.1057/978-1-137-56021-6_3

Access Statistics for this chapter

More chapters in Palgrave Macmillan Studies in Banking and Financial Institutions from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().