An entrepreneur’s ability to raise capital is a critical factor to a new venture’s performance. We adopt an entrepreneurial learning view to study the impacts of exploration and exploitation orientations on a new venture’s capital acquisition performance in equity crowdfunding. The research also begins to analyze the dynamic nature of entrepreneurial learning by capturing the longitudinal changes in orientation made by entrepreneurs during their campaign as they respond to feedback from the crowd.
Clarke, Samuel L.; Allison, Thomas H.; Anglin, Aaron; and Busenitz, Lowell W.
"ENTREPRENURIAL LEARNING IN EQUITY CROWDFUNDING: IS GOOD INNOVATION ENOUGH? (INTERACTIVE PAPER),"
Frontiers of Entrepreneurship Research: Vol. 36
, Article 17.
Available at: https://digitalknowledge.babson.edu/fer/vol36/iss1/17