Academic Research on Crowdfunders: What's Been Done and What's To Come?

Stephanie Macht*, Jamie Weatherston

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

35 Citations (Scopus)
4 Downloads (Pure)


The majority of published work refers to the pre-investment phase of the crowdfunding process, with only very little academic knowledge currently relating to the post-investment phase. From a crowdfunder's point of view, the crowdfunding process consists of two phases: pre-investment and post-investment. Academic knowledge relating to a crowdfunder's pre-investment phase refers mainly to the funder's motivations to pledge, their due diligence, and their decision to back certain projects but not others. The very limited knowledge relating to the crowdfunder's post-investment phase points toward the potential for crowdfunders to provide added value to fund-seekers in addition to their financial pledge.
Original languageEnglish
Pages (from-to)191-205
JournalStrategic Change
Issue number2
Early online date20 Mar 2015
Publication statusPublished - Mar 2015


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