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Determinants of success of restaurant crowdfunding

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Abstract This study explores the determinants of restaurant crowdfunding success, inspired by success determinants found in independent restaurant literature. The results indicate that community orientation, images that show elements of… Click to show full abstract

Abstract This study explores the determinants of restaurant crowdfunding success, inspired by success determinants found in independent restaurant literature. The results indicate that community orientation, images that show elements of the restaurant concept, and frequent communication with funders are key drivers for success. We conclude that restaurant entrepreneurs who show that their project benefits the community where they operate, provide constant updates that maintain project interest, and are responsive to funders’ comments are more likely to succeed in reward-based crowdfunding.

Keywords: determinants success; restaurant crowdfunding; success; success restaurant

Journal Title: International Journal of Hospitality Management
Year Published: 2019

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