A comparative analysis of online crowdfunding platforms in USA, Europe and Asia. / Kromidha, Endrit.

Proceedings of eChallenges e-2015 Conference, 25-26 November 2015. Vilnius, Lithuania, 2015. p. 1-6.

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Published

Abstract

The aim of this study is to provide a global and regional analysis of online crowdfunding platforms and projects by looking at Kickstarter.com in the United States of America (Northern America), Crowdfunder.co.uk in United Kingdom (Europe), and Crowdonomic.com in Singapore (Asia). Findings suggest that regardless of a degree of system standardisation, smaller online crowdfunding platforms can impose themselves as obligatory passage points locally and regionally by providing more differentiated services compared to standard best-practices like Kickstarter, taking into consideration the specific needs and characteristics of the communities and regions where they are based. An important indicator suggested by this study to evaluate online crowdfunding platforms and networks is the funding ratio (average sum of pledges per fundraising goal). Subject to future research, fundraisers, funders and other stakeholders are encouraged to consider carefully not only the fees and features of each crowdfunding platform, but also the degree of fitness in terms of system interface, projects and associated crowds using them.
Original languageEnglish
Title of host publicationProceedings of eChallenges e-2015 Conference, 25-26 November 2015
Place of PublicationVilnius, Lithuania
Pages1-6
Number of pages6
ISBN (Electronic)978-1-9058-2453-3, 978-1-905824-52-6
DOIs
Publication statusPublished - 2015
EventeChallenges e-2015 Conference - Vilnius, Lithuania
Duration: 25 Nov 201526 Nov 2015

Conference

ConferenceeChallenges e-2015 Conference
CountryLithuania
CityVilnius
Period25/11/1526/11/15
This open access research output is licenced under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.

ID: 26177750