Thesis Chapters by Damilola Teidi
This research paper aims to shed light on the risks associated with reward-based crowdfunding by ... more This research paper aims to shed light on the risks associated with reward-based crowdfunding by investigating the impact reward delivery delays have on both those that seek funds (project creators) and those that fund projects (funders). The ways by which individuals in the crowd make their funding decisions and the factors that cause delivery delays were also investigated.
Data was collected from the two populations that make up the crowdfunding community – funders and project creators. For project creators, semi-structured interviews were conducted while a self-administered web based questionnaire was used to retrieve data from funders.
The findings reveal that: - delivery delays have various impacts on funders some of which may be detrimental to the sustainability and growth of crowdfunding; the advantages of crowdfunding outweigh the risks for project creators; the crowd employs various best practices before funding a project; and majority of funders feel that crowdfunding platforms need to take a more active role in protecting them.
The paper then concludes with implications and recommendations for project creators and crowdfunding platforms.
Uploads
Thesis Chapters by Damilola Teidi
Data was collected from the two populations that make up the crowdfunding community – funders and project creators. For project creators, semi-structured interviews were conducted while a self-administered web based questionnaire was used to retrieve data from funders.
The findings reveal that: - delivery delays have various impacts on funders some of which may be detrimental to the sustainability and growth of crowdfunding; the advantages of crowdfunding outweigh the risks for project creators; the crowd employs various best practices before funding a project; and majority of funders feel that crowdfunding platforms need to take a more active role in protecting them.
The paper then concludes with implications and recommendations for project creators and crowdfunding platforms.
Data was collected from the two populations that make up the crowdfunding community – funders and project creators. For project creators, semi-structured interviews were conducted while a self-administered web based questionnaire was used to retrieve data from funders.
The findings reveal that: - delivery delays have various impacts on funders some of which may be detrimental to the sustainability and growth of crowdfunding; the advantages of crowdfunding outweigh the risks for project creators; the crowd employs various best practices before funding a project; and majority of funders feel that crowdfunding platforms need to take a more active role in protecting them.
The paper then concludes with implications and recommendations for project creators and crowdfunding platforms.