More Web Proxy on the site http://driver.im/

poster

Match-Funding as a Formula for Crowdfunding: A Case Study on the Goteo.org Platform

Authors:

Mayo Fuster MorellAuthors Info & Claims

OpenSym '18: Proceedings of the 14th International Symposium on Open Collaboration

Article No.: 23, Pages 1 - 5

https://doi.org/10.1145/3233391.3233967

Published: 22 August 2018 Publication History

Abstract

Since crowdfunding first appeared, and with the proliferation of platforms in recent years, various systems and formulas of operation have appeared within the general crowdfunding model. One such system, still in its early days, is match-funding (co-funding between citizens and institutions), which permits public and private organizations to double financial contributions for projects from individual users. This paper focuses on the Goteo.org platform, a pioneer in the international development of this model. The advantages and impact of this method of crowdfunding compared to the traditional method is analyzed using data collected on the behavior in 14 match-funding calls for projects on Goteo.org in the last 5 years. The results show that match-funding campaigns are more likely to be successful, significantly increase average donations and generate new dynamics of institutional cooperation and proximity in the support for initiatives.

References

[1]

Peter Baeck, Jonathan Bone, and Sam Mitchell. 2017. Matching the crowd. London: Nesta (2017).

[2]

Chance Barnett. 2015. Trends show crowdfunding to surpass VC in 2016. Forbes, June 9 (2015).

[3]

Rodrigo Davies. 2014. Civic crowdfunding: participatory communities, entrepreneurs and the political economy of place. (2014).

[4]

Rodrigo Davies. 2015. Three provocations for civic crowdfunding. Information, Communication & Society 18, 3 (2015), 342--355.

[5]

Isabelle De Voldere. 2017. Crowdfunding - Reshaping the crowd's engagement in culture. Technical Report. NC-01-17-333-EN-N. Publications Office of the European Union. Available on:< https://publications. europa. eu/en/publication-detail/-/publication/7e10916d-677c-11e7-b2f2-01aa75ed71a1.

[6]

Joan Francesc Fondevila Gascón, Josep Rom Rodríguez, Judit Mata Monforte, Eva Santana López, and Pere Masip Masip. 2015. Crowdfunding As a Formula for the Financing of Projects: An Empirical Analysis. Revista Científica Hermes 14 (2015).

[7]

Mayo Fuster Morell, Joan Subirats, Marco Berlinguer, Rubén Martínez, and Jorge Salcedo. 2015. Procomún digital y cultura libre: ¿Hacia un cambio de época? Icaria.

[8]

Markus Görsch. 2001. Komplementäre Kulturfinanzierung: das Zusammenwirken von staatlichen und privaten Zuwendungen bei der Finanzierung von Kunst und Kultur. dissertation. de.

[9]

Ethan Mollick. 2014. The dynamics of crowdfunding: An exploratory study. Journal of business venturing 29, 1 (2014), 1--16.

[10]

Fátima Solera Navarro. 2015. Crowdfunding para la producción cultural basada en el procomún: el caso de Goteo (2011-2014)/Crowdfunding for commons-based cultural production: the case of Goteo (2011-2014). Historia y Comunicación Social 20, 2 (2015), 447--464.

[11]

Sean Nevin, Rob Gleasure, Philip O'Reilly, Joseph Feller, Shanping Li, and Jerry Cristoforo. 2017. Social Identity and Social Media Activities in Equity Crowdfunding. In Proceedings of the 13th International Symposium on Open Collaboration. ACM, 11.

Digital Library

[12]

Armin Schwienbacher and Benjamin Larralde. 2010. Crowdfunding of small entrepreneurial ventures. (2010).

[13]

Enric Senabre. 2015. Goteo: Crowdfunding to build new Commons. In Patterns of commoning, David Bollier and Silke Helfrich (Eds.). Commons Strategy Group and Off the Common Press.

[14]

Ivan Vergés Pascual. 2016. Una API per a la plataforma de crowdfunding Goteo. (2016).

[15]

Shavarsh Zohrabyan, Paula Odete Fernandes, Rui Pedro Lopes, and José Álvarez García. 2017. Connecting funding to entrepreneurs: a profile of the main crowdfunding platforms. In Cooperative and Networking Strategies in Small Business. Springer, 97--129.

Cited By

Loots EPiecyk KWijngaarden Y(2023)At the juncture of funding, policy, and technology: how promising is match-funding of arts and culture through crowdfunding platforms?International Journal of Cultural Policy10.1080/10286632.2023.217374630:1(118-134)Online publication date: 17-Feb-2023
https://doi.org/10.1080/10286632.2023.2173746
Dalla Chiesa CAlexopoulou A(2022)Matchfunding goes digital: The benefits of matching policymaking with the crowd’s wisdomEuropean Journal of Cultural Management and Policy10.3389/ejcmp.2022.1109012Online publication date: 23-Dec-2022
https://doi.org/10.3389/ejcmp.2022.11090
Handke CDalla Chiesa C(2022)The art of crowdfunding arts and innovation: the cultural economic perspectiveJournal of Cultural Economics10.1007/s10824-022-09444-946:2(249-284)Online publication date: 28-Feb-2022
https://doi.org/10.1007/s10824-022-09444-9
Show More Cited By

Index Terms

Match-Funding as a Formula for Crowdfunding: A Case Study on the Goteo.org Platform
1. Information systems
  1. Information systems applications
    1. Collaborative and social computing systems and tools
  2. World Wide Web
    1. Web applications
      1. Crowdsourcing

Recommendations

The role of government in crowdfunding for achieving co-funding of public projects
dg.o '18: Proceedings of the 19th Annual International Conference on Digital Government Research: Governance in the Data Age

Focusing on philanthropic crowdfunding, we examine whether collaborative projects between public and private organizations are more successful in fundraising than are projects initiated solely by private organizations. We show that crowdfunding projects ...
Why people participate in online political crowdfunding: A civic voluntarism perspective
Highlights
- This study examines factors influencing intention to participate in political crowdfunding.
Abstract
Digital technology allows people to participate in various social activities easily. In politics, online crowdfunding has been gaining attention because it gives politicians benefits to raise political funds from the public. It is also ...
Examining Community Dynamics of Civic Crowdfunding Participation

Over the past decade, crowdfunding has emerged as a legitimate, albeit niche, resource for public service delivery. Predicated on utilizing the resources of the crowd to address public issues, civic crowdfunding has the potential to offer citizens a ...

Comments

Please enable JavaScript to view thecomments powered by Disqus.

Information & Contributors

Information

Published In

cover image ACM Other conferences

OpenSym '18: Proceedings of the 14th International Symposium on Open Collaboration

August 2018

208 pages

ISBN:9781450359368

DOI:10.1145/3233391

Copyright © 2018 Owner/Author.

Permission to make digital or hard copies of part or all of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for third-party components of this work must be honored. For all other uses, contact the Owner/Author.

In-Cooperation

Publisher

Association for Computing Machinery

New York, NY, United States

Publication History

Published: 22 August 2018

Check for updates

Author Tags

Qualifiers

Poster
Research
Refereed limited

Conference

OpenSym '18

OpenSym '18: The 14th International Symposium on Open Collaboration

August 22 - 24, 2018

Paris, France

Acceptance Rates

OpenSym '18 Paper Acceptance Rate 27 of 38 submissions, 71%;

Overall Acceptance Rate 108 of 195 submissions, 55%

Contributors

Other Metrics

View Article Metrics

Bibliometrics & Citations

Bibliometrics

Article Metrics

7
Total Citations
View Citations
121
Total Downloads

Downloads (Last 12 months)11
Downloads (Last 6 weeks)0

Reflects downloads up to 28 Jan 2025

Other Metrics

View Author Metrics

Citations

Cited By

Loots EPiecyk KWijngaarden Y(2023)At the juncture of funding, policy, and technology: how promising is match-funding of arts and culture through crowdfunding platforms?International Journal of Cultural Policy10.1080/10286632.2023.217374630:1(118-134)Online publication date: 17-Feb-2023
https://doi.org/10.1080/10286632.2023.2173746
Dalla Chiesa CAlexopoulou A(2022)Matchfunding goes digital: The benefits of matching policymaking with the crowd’s wisdomEuropean Journal of Cultural Management and Policy10.3389/ejcmp.2022.1109012Online publication date: 23-Dec-2022
https://doi.org/10.3389/ejcmp.2022.11090
Handke CDalla Chiesa C(2022)The art of crowdfunding arts and innovation: the cultural economic perspectiveJournal of Cultural Economics10.1007/s10824-022-09444-946:2(249-284)Online publication date: 28-Feb-2022
https://doi.org/10.1007/s10824-022-09444-9
González Cacheda B(2021)Una aproximación a las limitaciones participativas del civic crowdfundingIDP. Revista de Internet Derecho y Política10.7238/idp.v0i33.377280Online publication date: 1-Sep-2021
https://doi.org/10.7238/idp.v0i33.377280
González-Azcárate MCruz-Maceín JGarcía-Rodríguez A(2021)Matchfunding: financiando localmente los Objetivos de Desarrollo Sostenible – estudio de caso sobre los canales cortos de comercialización de alimentos en la Comunidad de MadridRevista Diecisiete: Investigación Interdisciplinar para los Objetivos de Desarrollo Sostenible.10.36852/2695-4427_2021_05.0705:JULIO 2021(153-171)Online publication date: 2-Aug-2021
https://doi.org/10.36852/2695-4427_2021_05.07
Dalla Chiesa C(2021)The Artists’ Critique on Crowdfunding and Online Gift-GivingThe Journal of Arts Management, Law, and Society10.1080/10632921.2021.1997848(1-17)Online publication date: 7-Dec-2021
https://doi.org/10.1080/10632921.2021.1997848
Fuster Morell MSenabre Hidalgo ERodríguez E(2020)Goteo.org civic crowdfunding and match-funding data connecting Sustainable Development GoalsScientific Data10.1038/s41597-020-0472-07:1Online publication date: 29-Apr-2020
https://doi.org/10.1038/s41597-020-0472-0

View Options

Login options

Check if you have access through your login credentials or your institution to get full access on this article.

Full Access

Get this Publication

View options

PDF

View or Download as a PDF file.

eReader

View online with eReader.

Figures

Tables

Media

View Table of Conten