Crowdfunding And Diasporas : Do Crowdfunding Practices Challenge Players Involved In Project Financing In Their Former Homeland ?[Crowdfunding Et Diasporas : Le Financement Participatif Vient-Il Remettre En Cause Les Acteurs Du Financement Diasporique ?]

Crowdfunding is an emerging form of entrepreneurial finance. Financial flows from migrants and their descendants to their homeland are important. Do crowdfunding platforms disrupt this Diaspora financial flow? Our aim is to contrast and compare the sociology of immigration, Diaspora literature and entrepreneurial finance. We have interviewed all the French Diaspora Crowdfunding startups. We highlighted Diaspora motivation typologies and the evolution of these motivations since the beginning of Crowdfunding. By studying this new literature and interviewing key "Fintechs" entrepreneurs of French platforms, we propose a unique description: Diasporas motivations that are applied to Diaspora and trends on Diaspora investment evolution for this new digital industry. The main results are about the equilibrium between emotional and rational motivations for the new generation of migration, the competencies that Diaspora gives back to the country of their origin and the modification of the hierarchy of financing sources due to the possibility to raise money online.