Authors : Silvia Novaes Zilber, Franciane Silveira, Lucia Fernanda de Carvalho and Fabricio Garcia Imbrizi
Abstract: There are numerous ways to raise capital to finance a company or idea such as bank loan, stock market, private equity, venture capital and angel investors. Considering the context of seed and startups companies, the range of possibilities is limited for few options. As an alternative in the last years, crowdfunding which derived from crowdsourcing and capital funding, appears as a relevant option to raise money from crowd. This exploratory research will consider crowdfunding as an alternative means of financing for new enterprises and its objective was identifying the main economic areas of the successful projects and describe the characteristics of the most successful crowdfunding projects. In order to achieve this goal, our research analyzed the bigger Brazilian platform of crowdfunding, named Catarse.The results analyzed the ten more successful crowdfunding projects in this platform using indicators from literature.
Silvia Novaes Zilber, Franciane Silveira, Lucia Fernanda de Carvalho and Fabricio Garcia Imbrizi, 2016. Crowdfunding as an Alternative for New Ventures Funding in Emerging Countries. International Business Management, 10: 575-584.