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dc.contributor.authorBrown, Ross Crawford
dc.contributor.authorMawson, Suzanne
dc.contributor.authorRowe, Alexander
dc.contributor.authorMason, Colin
dc.date.accessioned2017-09-14T09:30:15Z
dc.date.available2017-09-14T09:30:15Z
dc.date.issued2018-03-01
dc.identifier.citationBrown , R C , Mawson , S , Rowe , A & Mason , C 2018 , ' Working the crowd : improvisational entrepreneurship and equity crowdfunding in nascent entrepreneurial ventures ' , International Small Business Journal , vol. 36 , no. 2 , pp. 169-193 . https://doi.org/10.1177/0266242617729743en
dc.identifier.issn0266-2426
dc.identifier.otherPURE: 250755124
dc.identifier.otherPURE UUID: ab3c824c-0f8f-4f9c-bb18-411e1b02dc66
dc.identifier.otherScopus: 85042565041
dc.identifier.otherWOS: 000429851500003
dc.identifier.otherORCID: /0000-0002-6164-7639/work/82179598
dc.identifier.urihttp://hdl.handle.net/10023/11656
dc.description.abstractEquity crowdfunding has rapidly established itself as an important part of the funding landscape for nascent entrepreneurial ventures. To date, however, little is known about the nature of the demand for equity crowdfunding or its impact on recipient firms. This paper draws on an interview-based study of entrepreneurs in 42 equity crowdfunded start-ups in the UK. The study found strong demand for this funding from these experimental and improvisational entrepreneurs within innovative, consumer-focused, early stage firms. Many entrepreneurs were classic “discouraged borrowers” attracted by the ability to obtain finance quickly with relatively little diminution of their equity or autonomy. In terms of impact, equity crowdfunding seems to confer important intangible benefits to investee companies which amount to more than money. Given their strongly improvisational nature, the concept of entrepreneurial bricolage seems a suitable theoretical lens explicating the behavioural aspects of the entrepreneurs examined.
dc.format.extent25
dc.language.isoeng
dc.relation.ispartofInternational Small Business Journalen
dc.rightsCopyright © 2017, the Author(s). This work is made available online in accordance with the publisher’s policies. This is the author created, accepted version manuscript following peer review and may differ slightly from the final published version. The final published version of this work is available at https://doi.org/10.1177/0266242617729743en
dc.subjectEntrepreneurshipen
dc.subjectStart-upsen
dc.subjectCrowdfundingen
dc.subjectDiscouraged borrowersen
dc.subjectBricolageen
dc.subjectUnited Kingdomen
dc.subjectHD28 Management. Industrial Managementen
dc.subjectNDASen
dc.subjectBDCen
dc.subject.lccHD28en
dc.titleWorking the crowd : improvisational entrepreneurship and equity crowdfunding in nascent entrepreneurial venturesen
dc.typeJournal articleen
dc.description.versionPostprinten
dc.contributor.institutionUniversity of St Andrews.School of Managementen
dc.contributor.institutionUniversity of St Andrews.Centre for Responsible Banking and Financeen
dc.identifier.doihttps://doi.org/10.1177/0266242617729743
dc.description.statusPeer revieweden


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