Title: Radically rethinking the way crowdfunding works: the case of JumpStartFund and the Hyperloop

Authors: Nikolaus Lipusch; Dominik Dellermann; Philipp Ebel; Ulrich Bretschneider; Jan Marco Leimeister

Addresses: Information Systems, University of Kassel, Pfannkuchstr.1, 34121 Kassel, Germany ' Information Systems, University of Kassel, Pfannkuchstr.1, 34121 Kassel, Germany ' Information Management, University of St. Gallen, Müller-Friedberg-Strasse 8, 9000 St.Gallen, Switzerland ' Corporate Entrepreneurship and Digitalisation in Family Businesses, University of Witten, Alfred-Herrhausen-Str. 50, 58448 Witten, Germany ' Institute of Information Management, University of St. Gallen, Müller-Friedberg-Strasse 8, 9000 St.Gallen, Switzerland

Abstract: In this research, we explore the unique case of JumpStartFund, a new crowdfunding platform that is used to develop the Hyperloop project. To this end, we employ an in-depth single case study to examine the participation architecture of the platform as well as the Hyperloop campaign content, based on which we derive a new crowdfunding model. The derived crowdfunding model differs from existing crowdfunding models in that it allows entrepreneurs to develop their business with the crowdmore actively. Our research has important implications for research and practice. First, we introduce a new crowdfunding model that expands the boundaries of existent models. Second, we explain how our model helps to more efficiently leverage the potential inherent in the crowd thereby redefining entrepreneurial success within crowdfunding. Third, we discuss how our findings contribute to existent research within the context of crowdsourcing.

Keywords: crowdfunding; case study; crowdfunding models; co-creation; crowdsourcing.

DOI: 10.1504/IJEV.2019.103739

International Journal of Entrepreneurial Venturing, 2019 Vol.11 No.6, pp.598 - 619

Received: 17 Apr 2018
Accepted: 18 Oct 2018

Published online: 21 Nov 2019 *

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