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Proactive Law as Competitive Advantage in Crowdfunding

Proactive Law as Competitive Advantage in Crowdfunding

Jack Wroldsen
Copyright: © 2020 |Pages: 21
ISBN13: 9781799824480|ISBN10: 1799824489|EISBN13: 9781799824497
DOI: 10.4018/978-1-7998-2448-0.ch036
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MLA

Wroldsen, Jack. "Proactive Law as Competitive Advantage in Crowdfunding." Foreign Direct Investments: Concepts, Methodologies, Tools, and Applications, edited by Information Resources Management Association, IGI Global, 2020, pp. 861-881. https://doi.org/10.4018/978-1-7998-2448-0.ch036

APA

Wroldsen, J. (2020). Proactive Law as Competitive Advantage in Crowdfunding. In I. Management Association (Ed.), Foreign Direct Investments: Concepts, Methodologies, Tools, and Applications (pp. 861-881). IGI Global. https://doi.org/10.4018/978-1-7998-2448-0.ch036

Chicago

Wroldsen, Jack. "Proactive Law as Competitive Advantage in Crowdfunding." In Foreign Direct Investments: Concepts, Methodologies, Tools, and Applications, edited by Information Resources Management Association, 861-881. Hershey, PA: IGI Global, 2020. https://doi.org/10.4018/978-1-7998-2448-0.ch036

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Abstract

This chapter explains how the paradigm of proactive law as competitive advantage can help entrepreneurs succeed in crowdfunding campaigns. Business law scholars have developed theories of “proactive law” and “law as competitive advantage” to show how law can be transformed from an obstacle into a strategic business advantage. This chapter analyzes the evolving crowdfunding landscape through the lens of proactive law as competitive advantage. The chapter proposes several types of innovative securities designed to create competitive advantages in crowdfunding offerings. For example, one type would give crowdfunding investors long-term equity interests while simultaneously eliminating short-term corporate governance challenges for small crowdfunded companies. Apart from securities, the chapter also describes how a proactive approach to law can enhance crowdfunding campaigns in multiple areas, from intellectual property to tax efficiency. To conclude, the chapter suggests expanding the theory of proactive law as competitive advantage to additional areas of entrepreneurship, beyond crowdfunding.

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