The value of completing crowdfunding projects

  • Wash R
  • 103

    Readers

    Mendeley users who have this article in their library.
  • 18

    Citations

    Citations of this article.

Abstract

Crowdfunding systems are social media websites that allow people to donate small amounts of money that add up to fund valuable larger projects. These websites are structured around projects: finite campaigns with well-defined goals, end dates, and completion criteria. We use a dataset from an existing crowdfunding website - the school charity Donors Choose - to understand the value of completing projects. We find that completing a project is an important act that leads to larger donations (over twice as large), greater likelihood of returning to donate again, and few projects that expire close but not complete. A conservative estimate suggests that this completion bias led to over 15 million in increased donations to Donors Choose, representing approximately 16% of the total donations for the period under study. This bias suggests that structuring many types of collaborative work as a series of projects might increase contribution significantly. Copyright © 2013, Association for the Advancement of Artificial Intelligence (www.aaai.org). All rights reserved.

Author-supplied keywords

  • Full Paper

Get free article suggestions today

Mendeley saves you time finding and organizing research

Sign up here
Already have an account ?Sign in

Find this document

Authors

  • R Wash

Cite this document

Choose a citation style from the tabs below

Save time finding and organizing research with Mendeley

Sign up for free