What Crowdfunding Means for the Future of Entrepreneurship
Many of us are beginning to hear about new “crowdfunding” platforms like Kickstarter and Indiegogo. But what is crowdfunding, anyway? As we’ll describe in this webinar, crowdfunding is the use of the Internet to raise capital by way of small donations, lending, rewards, or investments from a large number of investors. Since the inception of the crowdfunding model, billions of dollars have flowed into new ventures—representing what many have noted to be a “global phenenomon,” a “boom,” and a “revolution.” Though it remains difficult to accurately predict the long term implications of crowdfunding, it is likely to become a permanent fixture in the entrepreneurial landscape.
This recorded presentation covers the following topics:
- How entrepreneurs can use crowdfunding to launch and grow their businesses
- Trends in crowdfunding, such as platforms beginning to offer the option of investment in exchange for equity
- The practical differences between crowdfunding, private equity, and venture capital
- The disruptive impact of crowdfunding on the future of entrepreneurial financing and later stage investors.
About the Presenter
Andrew Zacharakis is The John H. Muller, Jr. Chair in Entrepreneurship at Babson College, Wellesley, MA. He is the Director of the Babson College Entrepreneurship Research Conference and past president of the Entrepreneurship Division of the Academy of Management. He is also a past chair of the Entrepreneurship Department at Babson College and a past Director of the Arthur M. Blank Center for Entrepreneurship at Babson. His writings and research focus on two major areas of entrepreneurship: the venture capital decision-making process, and entrepreneurial growth strategies.