Initial Coin Offerings (ICOs) to Finance New Ventures: An Exploratory Study

Author(s):  
Christian Fisch
1997 ◽  
Vol 21 (2) ◽  
pp. 37-54 ◽  
Author(s):  
Candida G. Brush ◽  
Radha Chaganti

Cooperative strategies are of growing interest in entrepreneurship. Current research focuses on high-tech companies, but less is known about cooperative activities in non-high-tech businesses. Differences in distinct competencies based on technology suggest that lessons from high-tech companies may not fully apply to non-high-tech companies. This research explores the nature, extent, and approaches to cooperative strategies in non-high-tech new ventures, utilizing quantitative and qualitative methods. Survey data is analyzed to assess usage and characteristics of cooperative strategies. Results show that few companies used cooperative strategies and these were not central to core operations. Field interviews comparing three non-high-tech and three high-tech new ventures examine motives and approaches to cooperative strategies. For all six cases, resource constraints motivated usage of cooperative strategies and all had cooperative arrangements with competitors. However, goals and approaches to cooperative strategies differed between non-high-tech and high-tech businesses. Findings suggest future research directions.


2015 ◽  
Vol 17 (3) ◽  
pp. 237-262 ◽  
Author(s):  
John Perry ◽  
Masud Chand ◽  
Kirk Ring

2002 ◽  
Vol 5 (1) ◽  
pp. 51-66 ◽  
Author(s):  
Jay Hyuk Rhee

This exploratory study investigates causes and consequences of internationalization launched by new ventures.


Author(s):  
Gabriella Laatikainen ◽  
Alexander Semenov ◽  
Yixin Zhang ◽  
Pekka Abrahamsson

Abstract Blockchain technologies disrupt industries by enabling decentralized and transactional data sharing across a network of untrusted participants, among others. Initial Coin Offerings (ICOs) are a novel form of crowdfunding through which hundreds of blockchain-enabled businesses manage to raise billions of dollars in total only in United States. However, there is a lack of understanding of the ICO phenomenon especially related to the business aspects. In this paper, we describe the results of an exploratory study of 91 ICOs and identify the key business model elements that ICOs reveal in their websites and whitepapers. Furthermore, we also note the immaturity and lack of transparency of the business aspects of businesses behind the ICO campaigns.


2008 ◽  
Vol 11 (4) ◽  
pp. 320-334 ◽  
Author(s):  
Antoaneta P Petkova ◽  
Violina P Rindova ◽  
Anil K Gupta

2010 ◽  
Vol 15 (04) ◽  
pp. 439-459 ◽  
Author(s):  
AKIN KOÇAK ◽  
MICHAEL H. MORRIS ◽  
HAROON MUZAFFER BUTTAR ◽  
SERTAÇ CIFCI

This study attempts to develop a better understanding in an emerging economy of the exit and reentry processes of entrepreneurs. Twelve case studies were conducted in Turkey with entrepreneurs who, following entrepreneurial exit, re-entered with new ventures. Human and social capital perspectives are used to gain insights into the reentry process. The study indicates that reasons for and modes of exit influence the entrepreneur's decisions surrounding reentry. Results further reveal that experiential and educational dimensions of human capital are instrumental in the reentry process. The study finds that structural and relational dimensions of social capital are cardinal factors that influence the reentry process.


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