How New Is Crowdfunding? The Venture Capital Evolution without Revolution – Discourse on Risk Capital Themes and their Relevance to Poland
This conceptual paper discourses the emergence and development of crowdfunding as a step of the broader risk capital evolution. In doing so, we call for a more careful discussion about whether crowdfunding is the next big thing in risk capital mechanisms or a continuity of risk capital instruments...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Wydawnictwo Naukowe Wydziału Zarządzania Uniwersytetu Warszawskiego
2015-12-01
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| Series: | Problemy Zarządzania |
| Subjects: | |
| Online Access: | https://pz.wz.uw.edu.pl/resources/html/article/details?id=169405 |
| _version_ | 1811205891401187328 |
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| author | Denis Frydrych Tony Kinder |
| author_facet | Denis Frydrych Tony Kinder |
| author_sort | Denis Frydrych |
| collection | DOAJ |
| description | This conceptual paper discourses the emergence and development of crowdfunding as a step of the broader
risk capital evolution. In doing so, we call for a more careful discussion about whether crowdfunding is
the next big thing in risk capital mechanisms or a continuity of risk capital instruments, which matches
technological regime changes and aligns to economic and social development. Based on a historical
overview of types of funding, we elaborate that the risk capital market follows an evolutionary rather
than revolutionary progression, where crowdfunding developed as a continuity of business angel, venture
capital and microfinance mechanisms. This paper also provides policy implications by discoursing the
risk capital evolution and highlights the importance of diversification in risk capital institutions to drive
entrepreneurial activity. |
| first_indexed | 2024-04-12T03:39:03Z |
| format | Article |
| id | doaj.art-79fadaa08e7f41ceb6964b5e10e24c0c |
| institution | Directory Open Access Journal |
| issn | 1644-9584 2300-8792 |
| language | English |
| last_indexed | 2024-04-12T03:39:03Z |
| publishDate | 2015-12-01 |
| publisher | Wydawnictwo Naukowe Wydziału Zarządzania Uniwersytetu Warszawskiego |
| record_format | Article |
| series | Problemy Zarządzania |
| spelling | doaj.art-79fadaa08e7f41ceb6964b5e10e24c0c2022-12-22T03:49:20ZengWydawnictwo Naukowe Wydziału Zarządzania Uniwersytetu WarszawskiegoProblemy Zarządzania1644-95842300-87922015-12-01134(56)177194DOI:10.7172/1644-9584.56.11How New Is Crowdfunding? The Venture Capital Evolution without Revolution – Discourse on Risk Capital Themes and their Relevance to PolandDenis Frydrych0Tony Kinder1PhD Candidate, University of Edinburgh Business SchoolSenior Lecturer in Entrepreneurship, University of Edinburgh Business SchoolThis conceptual paper discourses the emergence and development of crowdfunding as a step of the broader risk capital evolution. In doing so, we call for a more careful discussion about whether crowdfunding is the next big thing in risk capital mechanisms or a continuity of risk capital instruments, which matches technological regime changes and aligns to economic and social development. Based on a historical overview of types of funding, we elaborate that the risk capital market follows an evolutionary rather than revolutionary progression, where crowdfunding developed as a continuity of business angel, venture capital and microfinance mechanisms. This paper also provides policy implications by discoursing the risk capital evolution and highlights the importance of diversification in risk capital institutions to drive entrepreneurial activity.https://pz.wz.uw.edu.pl/resources/html/article/details?id=169405crowdfundingrisk capitalventure capitalentrepreneurship |
| spellingShingle | Denis Frydrych Tony Kinder How New Is Crowdfunding? The Venture Capital Evolution without Revolution – Discourse on Risk Capital Themes and their Relevance to Poland Problemy Zarządzania crowdfunding risk capital venture capital entrepreneurship |
| title | How New Is Crowdfunding? The Venture Capital Evolution without Revolution – Discourse on Risk Capital Themes and their Relevance to Poland |
| title_full | How New Is Crowdfunding? The Venture Capital Evolution without Revolution – Discourse on Risk Capital Themes and their Relevance to Poland |
| title_fullStr | How New Is Crowdfunding? The Venture Capital Evolution without Revolution – Discourse on Risk Capital Themes and their Relevance to Poland |
| title_full_unstemmed | How New Is Crowdfunding? The Venture Capital Evolution without Revolution – Discourse on Risk Capital Themes and their Relevance to Poland |
| title_short | How New Is Crowdfunding? The Venture Capital Evolution without Revolution – Discourse on Risk Capital Themes and their Relevance to Poland |
| title_sort | how new is crowdfunding the venture capital evolution without revolution discourse on risk capital themes and their relevance to poland |
| topic | crowdfunding risk capital venture capital entrepreneurship |
| url | https://pz.wz.uw.edu.pl/resources/html/article/details?id=169405 |
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