IDEAS home Printed from https://ideas.repec.org/a/sae/entthe/v49y2025i1p60-88.html
   My bibliography  Save this article

The Aha Moment! The Effects of Serendipity and Innovation on Crowdfunding Performance

Author

Listed:
  • Pyayt P. Oo
  • Arvin Sahaym
  • Keith M. Hmieleski
  • Richard Chan
  • Annaleena Parhankangas

Abstract

Serendipity has played a significant role in the history of invention. Yet, little is known about whether serendipitous inventions are perceived as more or less innovative and thus achieve greater success in seeking funding than those resulting from deliberate processes. The current study explores this issue using a matched-pair sample of 168 serendipitous and non-serendipitous inventions used by entrepreneurs to raise capital through crowdfunding. The results demonstrate that serendipitous inventions are more positively related to crowdfunding success than non-serendipitous ones via perceptions of product innovativeness. Thus, serendipitous inventions appear to be socially rewarded rather than penalized in the context of crowdfunding.

Suggested Citation

  • Pyayt P. Oo & Arvin Sahaym & Keith M. Hmieleski & Richard Chan & Annaleena Parhankangas, 2025. "The Aha Moment! The Effects of Serendipity and Innovation on Crowdfunding Performance," Entrepreneurship Theory and Practice, , vol. 49(1), pages 60-88, January.
    • Handle: RePEc:sae:entthe:v:49:y:2025:i:1:p:60-88
    DOI: 10.1177/10422587241254069
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/10422587241254069
    Download Restriction: no
    File URL: https://libkey.io/10.1177/10422587241254069?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:entthe:v:49:y:2025:i:1:p:60-88. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.