Collaborating with investor networks generated in the course of equity-based crowdfunding campaigns can contribute to the success of startup firms. Through a qualitative study of 60 European startups, this article identifies the type of inputs provided by equity investors, how these inputs are related to startups’ and founders’ characteristics, and startups’ later performance. Startups exploiting crowd network are more likely to be successful two years later compared with startups that do not exploit the crowd, or acquire from the crowd product, strategy, or market knowledge. The findings extend existing research on the relationships between open innovation and startups by identifying the inputs provided by the crowd and how the use of crowd equity investors in open innovation platforms is related to later success.

Crowd Equity Investors: An Underutilised Asset for Open Innovation in Start-Ups / Di Pietro, F.; Majchrzak, A.; Prencipe, Andrea. - In: CALIFORNIA MANAGEMENT REVIEW. - ISSN 0008-1256. - 60:2(2018), pp. 43-70. [10.1177/0008125617738260]

Crowd Equity Investors: An Underutilised Asset for Open Innovation in Start-Ups

PRENCIPE, ANDREA
2018

Abstract

Collaborating with investor networks generated in the course of equity-based crowdfunding campaigns can contribute to the success of startup firms. Through a qualitative study of 60 European startups, this article identifies the type of inputs provided by equity investors, how these inputs are related to startups’ and founders’ characteristics, and startups’ later performance. Startups exploiting crowd network are more likely to be successful two years later compared with startups that do not exploit the crowd, or acquire from the crowd product, strategy, or market knowledge. The findings extend existing research on the relationships between open innovation and startups by identifying the inputs provided by the crowd and how the use of crowd equity investors in open innovation platforms is related to later success.
open innovation, startups, crowdfunding, performance, professional investors, knowledge, networks
Crowd Equity Investors: An Underutilised Asset for Open Innovation in Start-Ups / Di Pietro, F.; Majchrzak, A.; Prencipe, Andrea. - In: CALIFORNIA MANAGEMENT REVIEW. - ISSN 0008-1256. - 60:2(2018), pp. 43-70. [10.1177/0008125617738260]
File in questo prodotto:
File Dimensione Formato  
Di Pietro et al 2018-postprint.pdf

Solo gestori archivio

Tipologia: Documento in Post-print
Licenza: DRM non definito
Dimensione 1.63 MB
Formato Adobe PDF
1.63 MB Adobe PDF   Visualizza/Apri
0008125617738260.pdf

Solo gestori archivio

Tipologia: Versione dell'editore
Licenza: DRM non definito
Dimensione 1.27 MB
Formato Adobe PDF
1.27 MB Adobe PDF   Visualizza/Apri
Pubblicazioni consigliate

Caricamento pubblicazioni consigliate

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11385/175669
Citazioni
  • Scopus 55
  • ???jsp.display-item.citation.isi??? 47
social impact