Book chapter
English

Separating the wheat from the chaff: Sharing vs. self-interest in crowdfunding

Published inDjamchid Assadi (Ed.), Strategic approaches to successful crowdfunding, p. 294-312
PublisherHershey, USA : IGI Global
Publication date2016
Abstract

This chapter assesses crowdfunding as part of a growing interest in the sharing economy. Conceptual handles are proposed for apprehending what is meant by ‘sharing' and how this relates to crowdfund- ing. The notion of ‘the common' is revived, which involves placing societal interests ahead of personal gain. We distinguish self-interest sharing from what we term ‘communal sharing', which involves mak- ing financial services accessible and usable based on an identification of people's or societal needs. Drawing from crowdfunding examples mostly in the United States and France, with some reflections on crowdfunding in developing countries, we assess the nature and purpose of such activities, and distin- guish between different levels of analysis, including the ‘platform and motivation for the platform', the ‘mechanism and donors' and the ‘project'. We conclude with a discussion around the implications of our findings towards the long-term viability of crowdfunding platforms.

Citation (ISO format)
SAHAKIAN, Marlyne, SERVET, Jean-Michel. Separating the wheat from the chaff: Sharing vs. self-interest in crowdfunding. In: Strategic approaches to successful crowdfunding. Djamchid Assadi (Ed.). Hershey, USA : IGI Global, 2016. p. 294–312. doi: 10.4018/978-1-4666-9604-4.ch015
Main files (1)
Book chapter (Published version)
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Identifiers
ISBN9781466696044
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