Show me the money!: an analysis of project updates during crowdfunding campaigns

@article{Xu2014ShowMT,
  title={Show me the money!: an analysis of project updates during crowdfunding campaigns},
  author={Anbang Xu and X. Yang and Huaming Rao and Wai-Tat Fu and Shih-Wen Huang and Brian P. Bailey},
  journal={Proceedings of the SIGCHI Conference on Human Factors in Computing Systems},
  year={2014}
}
  • Anbang XuX. Yang B. Bailey
  • Published 26 April 2014
  • Business
  • Proceedings of the SIGCHI Conference on Human Factors in Computing Systems
Hundreds of thousands of crowdfunding campaigns have been launched, but more than half of them have failed. To better understand the factors affecting campaign outcomes, this paper targets the content and usage patterns of project updates -- communications intended to keep potential funders aware of a campaign's progress. We analyzed the content and usage patterns of a large corpus of project updates on Kickstarter, one of the largest crowdfunding platforms. Using semantic analysis techniques… 

Figures and Tables from this paper

Incorporating Comment Text into Success Prediction of Crowdfunding Campaigns

A method to extract important features from backers’ comments and creators’ updates in different periods of project duration to predict the crowdfunding success and reveals the significant factors from comments and updates to improve the success rate of crowdfunding campaigns, which could be beneficial to the project creators.

What Contributes to a Crowdfunding Campaign's Success? Evidence and Analyses from GoFundMe Data

This work focuses on the performance of the crowdfunding campaigns on GoFundMe over a wide variety of funding categories and develops a fusion classifier based on random forest that significantly improves the prediction result, thus suggesting effective ways to make a campaign successful.

How to Succeed in Crowdfunding: a Long-Term Study in Kickstarter

Experimental results show that the predictive models can effectively predict project success and a range of expected pledged money.

A Long-Term Study of a Crowdfunding Platform: Predicting Project Success and Fundraising Amount

The largest datasets from Kickstarter are collected to analyze characteristics of successful projects, behaviors of users and understand dynamics of the crowdfunding platform, and propose novel statistical approaches to predict whether a project will be successful and a range of expected pledged money.

Identifying Topics: Analysis of Crowdfunding Comments in Scam Campaigns

  • Wafa ShafqatY. Byun
  • Computer Science
    Software Engineering, Artificial Intelligence, Networking and Parallel/Distributed Computing
  • 2018
This study takes a step to identify the hidden themes in these comments to discover the different topics of discussion in scam campaigns and then these topics are compared with the topics identified in genuine campaigns.

Which updates during an equity crowdfunding campaign increase crowd participation?

Start-ups often post updates during equity crowdfunding campaigns. However, little is known about the effects of such updates on crowd participation. We investigate this question by using

Sometimes You Win, Sometimes You Learn – Success Factors in Reward-Based Crowdfunding

Crowdfunding has enabled various entrepreneurs, artists and other individuals and organisations to bring projects to life. Despite all success stories, 63% of all projects initiated on the biggest

Investigation of Parameters Influencing the Success of Crowdfunded Campaigns

Crowd funding is a new ray of hope for entrepreneurs. It is a collective effort of investors, creators and crowdfunding platforms to raise funds for a venture/project over social media. Future of a

Emerging Dynamics in Crowdfunding Campaigns

An exploratory analysis of the time series of money pledges to campaigns in Kickstarter to investigate the extent to which simple inflows and first-order derivatives can predict the eventual success of campaigns found that there were discrete stages in money pledges that predicted the success of crowdfunding campaigns.
...

References

SHOWING 1-10 OF 38 REFERENCES

Easy Money? The Demands of Crowdfunding Work

Crowdfunding provides a new way for people to solicit support from the crowd to launch new ventures. With exceptional crowdfunded projects gaining national attention for raising millions of dollars

The language that gets people to give: phrases that predict success on kickstarter

The factors which lead to successfully funding a crowdfunding project are explored, and the language used in the project has surprising predictive power accounting for 58.56% of the variance around successful funding.

The Dynamics of Crowdfunding: An Exploratory Study

Crowdfunding support tools: predicting success & failure

A tool for novice project creators to get feedback on their project designs and a comparison to existing projects is built, using a variety of machine learning classifiers to learn the concept of a successful online crowdfunding project at the time of project launch.

Crowdfunding : Why People Are Motivated to Post and Fund Projects on Crowdfunding Platforms

Computer-mediated crowdfunding is an emerging paradigm used by individuals to solicit funds from other individuals to realize projects. We are interested in how and why these platforms work and the

Crowdfunding Creative Ideas: The Dynamics of Project Backers in Kickstarter

Entrepreneurs are turning to crowdfunding as a way to finance their creative ideas. Crowdfunding involves relatively small contributions of many consumer-investors over a fixed time period (generally

Understanding the role of community in crowdfunding work

A qualitative study of 47 entrepreneurs who use crowdfunding platforms to raise funds for their projects identifies community efforts to support crowdfunding work, such as providing mentorship to novices, giving feedback on campaign presentation, and building a repository of example projects to serve as models.

Crowdfunding: Motivations and deterrents for participation

A grounded theory of motivation informed by the first cross-platform qualitative study of the crowdfunding community is presented, which uncovers creator motivations and deterrents to crowdfunding participation, including, among creators, fear of failure, and, for supporters, lack of trust.

Crowdfunding inside the enterprise: employee-initiatives for innovation and collaboration

We describe a first experiment in enterprise crowdfunding - i.e., employees allocating money for employee-initiated proposals at an Intranet site, including a trial of this system with 511 employees

Introductions and Requests: Rhetorical Strategies That Elicit Response in Online Communities

Online communities allow millions of people who would never meet in person to interact. People join web-based discussion boards, email lists, and chat rooms for friendship, social support,