IMIB Journal of Innovation and Management
issue front

Chandresh Baid1 and Devesh Baid2

First Published 1 Dec 2022.
Article Information Volume 1, Issue 1 January 2023
Corresponding Author:

Chandresh Baid, Seidman College of Business, Grand Valley State University, L. William Seidman Center, 50 Front Avenue SW, Grand Rapids, Michigan 49504, USA.

1 Seidman College of Business, Grand Valley State University, L. William Seidman Center, Grand Rapids, Michigan, USA

2 International Management Institute, Bhubaneswar, Odisha, India

This article is distributed under the terms of the Creative Commons Attribution-NonCommercial 4.0 License ( which permits non-Commercial use, reproduction and distribution of the work without further permission provided the original work is attributed.


Since the economic meltdown in 2008, crowdfunding has emerged as an alternate source of finance for entrepreneurs looking for funds to start or support their venture. Most research in the area of crowdfunding has focused on the determinants of successful funding. To the best of our knowledge, very few studies exist about what happens to a project with an unsuccessful funding on crowdfunding platforms. Do the entrepreneurs who failed to get funding from crowdfunding platform abandon their project or do they persist with it and try to find alternate sources to make their dream come true? In this article, we study the determinants of persistence of an entrepreneur to bring their project to life after failing to receive funding from crowdfunding platforms.


crowdfunding, failure, learning from failure, persistence


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