Submitted by Marcus Vinicius Pimentel da Fonseca (marcusvpf@hotmail.com) on 2018-05-20T14:16:19Z No. of bitstreams: 1 Trabalho de Conclusão.pdf: 989770 bytes, checksum: 322b82b1b4191e4d4eb7e990cc4ac021 (MD5) / Rejected by Thais Oliveira (thais.oliveira@fgv.br), reason: Prezado Marcus, boa tarde! Para que possamos aprovar seu trabalho, é necessário que realize as seguintes alterações: - O nome da escola deve estar em letra maiúscula, "FUNDAÇÃO GETULIO VARGAS" e, na linha abaixo "ESCOLA DE DIREITO DE SÃO PAULO", o nome do aluno deve estar pelo menos 3 cm abaixo do nome da Escola (maiúsculo e negrito, também na contracapa)), e o título completo deve estar em letra maiúscula e negrito (na contracapa também); - A ficha catalográfica deve estar exatamente como foi enviada, até mesmo o texto fora do quadro, a única alteração seria o número de folhas; - Resumo e Abstract em folhas separadas. Por gentileza, altere e submeta novamente. Qualquer dúvida, entre em contato. Obrigada! on 2018-05-23T15:33:49Z (GMT) / Submitted by Marcus Vinicius Pimentel da Fonseca (marcusvpf@hotmail.com) on 2018-05-24T23:07:57Z No. of bitstreams: 1 Trabalho de Conclusão - PÓS BANCA - FINAL.pdf: 1035279 bytes, checksum: ad7cfe8569d6b9d8b3fc5a0025ceace4 (MD5) / Rejected by Thais Oliveira (thais.oliveira@fgv.br), reason: Prezado Marcus, boa noite. Uma última alteração, por gentileza, o nome "GETULIO", na capa, NÃO tem acento. Por favor, altere e submeta novamente para que possamos aprovar. Obrigada. on 2018-05-24T23:18:32Z (GMT) / Submitted by Marcus Vinicius Pimentel da Fonseca (marcusvpf@hotmail.com) on 2018-05-25T21:16:34Z No. of bitstreams: 1 Trabalho de Conclusão.pdf: 1035146 bytes, checksum: edc3e95a5b3aa422d2a90edb08c21a82 (MD5) / Rejected by Thais Oliveira (thais.oliveira@fgv.br), reason: Marcus, boa noite! Acredito que tenha retirado uma página do seu trabalho, que é a da Banca Examinadora, que deve ser alocada após a página da Ficha Catalográfica. Na sequência Nome e título (como na contra capa, centralizados, negrito e separados), texto, campo de conhecimento, data da aprovação (deve estar somente o espaço em branco) e a Banca Examinadora, deve conter TODOS os professores que participaram (identifique o Orientador). Qualquer dúvida, entre em contato. Atenciosamente, Thais Oliveira mestradoprofissional@fgv.br 3799-7764 on 2018-05-25T22:12:59Z (GMT) / Submitted by Marcus Vinicius Pimentel da Fonseca (marcusvpf@hotmail.com) on 2018-05-27T14:58:43Z No. of bitstreams: 1 Trabalho de Conclusão.pdf: 1039573 bytes, checksum: ee637fad00c60de080171bbaab71200c (MD5) / Approved for entry into archive by Thais Oliveira (thais.oliveira@fgv.br) on 2018-05-28T16:48:48Z (GMT) No. of bitstreams: 1 Trabalho de Conclusão.pdf: 1039573 bytes, checksum: ee637fad00c60de080171bbaab71200c (MD5) / Approved for entry into archive by Suzane Guimarães (suzane.guimaraes@fgv.br) on 2018-05-28T17:10:26Z (GMT) No. of bitstreams: 1 Trabalho de Conclusão.pdf: 1039573 bytes, checksum: ee637fad00c60de080171bbaab71200c (MD5) / Made available in DSpace on 2018-05-28T17:10:26Z (GMT). No. of bitstreams: 1 Trabalho de Conclusão.pdf: 1039573 bytes, checksum: ee637fad00c60de080171bbaab71200c (MD5) Previous issue date: 2018-04-26 / O investment-based crowdfunding, uma modalidade de investimento participativo feito por indivíduos em empresas por meio de uma plataforma virtual, onde recebem em contrapartida um direito de participação no seu capital social, pode ser uma alternativa interessante de captação de recursos para empresas embrionárias em substituição ao tradicional financiamento bancário. Por ser uma prática recente, entretanto, exige maiores cuidados do legislador e de seus participantes para assegurar um ambiente seguro tanto para quem investe quanto para quem está se financiando. Este trabalho tem como objetivo avaliar a importância das plataformas virtuais e da estrutura de investimento envolvendo sindicatos de investidores enquanto elementos essenciais para garantir esta segurança aos participantes do investment-based crowdfunding. Para tanto, foi considerada a relação entre os investidores e empreendedores com as plataformas e estruturas de investimento adotadas, bem como a nova regulamentação da Comissão de Valores Mobiliários a respeito do tema, com o objetivo de identificar os riscos enfrentados pelos participantes neste ambiente e as intenções pretendidas pela Autarquia quando da publicação da nova regra. Esta análise, por outro lado, não pode prescindir de um olhar mais crítico a respeito de algumas exigências impostas pela Comissão de Valores Mobiliários na nova regulamentação, principalmente diante das incertezas a respeito da sua real eficácia e necessidade. / Investment-based crowdfunding, a type of collective investment made by individuals in companies through an electronic platform in consideration for an equity interest in that business, may be an interesting type of financing for startup companies as an alternative to the traditional banking loans. Due to its recent practice, however, regulators and participants must observe higher standards of care in order to ensure a safe environment for both the investors and the entrepreneurs receiving investments. The purpose of this paper is to analyze the importance of the electronic platforms and the structure involving syndicates of investors as key elements to ensure this safety to participants of the investment-based crowdfunding. This required an analysis on the relationship between investors and entrepreneurs with these platforms and the investment structures adopted, as well as a review of the new regulation issued by the Brazilian Securities Commission with respect to investment-based crowdfunding, to identify the risks involved and the intentions of the Brazilian Securities Commission when enacting the new rules. This analysis, however, also require a critic assessment on certain requirements imposed by the Brazilian Securities Commission under this new regulation, mainly due to uncertainties in relation to their necessity and efficacy.

Coordenação de Aperfeiçoamento de Pessoal de Nível Superior - CAPES / Technological entrepreneurs have played an important role in economic development, assisting in growth sectors and boosting the gross domestic product. The emergence and perpetuation of technology-based companies may be favored by capture of adequate financial resources, whether in the traditional financial market, either through development institutions to strengthen research and development or through new forms of these funds. Technology companies are facing difficulties in accessing a number of prerequisites in lending in traditional financial institutions, such as transaction assurance, the organization's lifetime, terms and interest rates on loans. These companies usually do not have a very long history, or a grand past, but have prospects for a future that can be very promising. Given the importance of technology-based companies for economic development, as well as on the difficulties these companies finance their activities, the aim of this study is to investigate which sources of financing used by technology entrepreneurs in the state of Sergipe to capture the resources to develop their activities. To this end, have been held six interviews with managers of technology-based companies in the state of Sergipe in order to analyze the financing mechanisms used by them. This study is characterized as qualitative, in which the exploratory research strategy used for data collection a script for semi-structured interviews. From the analysis of the data it was possible to verify that the Sergipe TBC making little use of traditional sources of credit, and between alternative is the subsidy the most used to develop innovation projects. Angel investors are desired, but not used, may not be interested or for disagreement with the proposals received. Crowdfunding and venture capital are not part of the prospects of the companies surveyed, either through unfamiliarity as their ability to use or using the projection in the distant future, respectively. It was observed that the approval of a grant announcement allows approval in other lines of credit as working capital, financing and credit cards. It was also noted that in projects financed with subsidy there is little concern about its commercial and financial success, while also having the desire to succeed, but the product coming from this project can not receive adequate attention, and be replaced by another project of that same TBC, perhaps funded by a new of a subsidy funding. The subsidy offers the opportunity for a rapid formation of a professional team but that does not turn into a hold that team. It was noticed that one of the main difficulties of entrepreneurs is the lack of skills in commercial and administrative aspects, which are aggravated by insufficient support of incubators and technology parks. One of the most important and common difficulties for the surveyed entrepreneurs is the delay in the release of funds approved which entails the loss of the ideal time for the development and subsequent launch of innovative product. / Os empreendedores tecnológicos exercem um papel fundamental no desenvolvimento econômico, auxiliando no crescimento de setores e impulsionando o produto interno bruto do país. O surgimento e a perpetuação das empresas de base tecnológica pode ser favorecido pela captação de recursos financeiros adequados, seja no mercado financeiro tradicional, seja através de instituições de fomento para o fortalecimento da pesquisa e desenvolvimento, ou ainda através de novas formas de captação destes recursos. Empresas de base tecnológica se deparam com dificuldades de acesso a uma série de pré-requisitos na concessão de crédito em instituições tradicionais, como por exemplo, garantias de operação, tempo de vida da organização, prazos e taxas de juros nos financiamentos. Essas empresas geralmente não têm um histórico muito longo, ou um passado grandioso, mas têm perspectivas de um futuro que pode ser muito promissor. Diante da importância das empresas de base tecnológica para o desenvolvimento econômico, assim como diante das dificuldades destas empresas financiarem suas atividades, o objetivo deste trabalho é investigar quais as fontes de financiamento usadas pelos empreendedores tecnológicos do Estado de Sergipe para captarem os recursos necessários para desenvolverem suas atividades. Para tal, foram realizadas seis entrevistas com os gestores de empresas sergipanas de base tecnológica com o objetivo de analisar os mecanismos de financiamento utilizados por eles. Este estudo se caracteriza como de natureza qualitativa, no qual a estratégia de pesquisa exploratória utilizou para a coleta dos dados um roteiro de entrevistas semiestruturado. A partir da análise dos dados foi possível verificar que as EBT de Sergipe pouco utilizam as fontes tradicionais de crédito, e entre as fontes alternativas, a de subvenção é a mais utilizada para desenvolver projetos de inovação. Investidores anjos são desejados, mas não utilizados, seja por não haver interessados ou pela discordância com as propostas recebidas. Crowdfunding e capital de risco não fazem parte das perspectivas das empresas pesquisadas, seja por desconhecimento quanto a sua possibilidade de uso ou pela projeção de utilizar em um futuro distante, respectivamente. Foi possível observar que a aprovação em um edital de subvenção possibilita a aprovação em outras linhas de crédito como capital de giro, financiamentos e cartões de crédito. Também foi observado que em projetos financiados com subvenção há pouca preocupação quanto ao seu sucesso comercial e financeiro, apesar de também haver o desejo de sucesso, mas o produto oriundo desse projeto pode não receber a devida atenção e ser substituído por outro projeto daquela mesma EBT, financiado talvez por uma nova verba de subvenção. A subvenção oferece a oportunidade de uma formação rápida de uma equipe de profissionais mas que não se transforma em uma retenção dessa equipe. Foi percebido que uma das principais dificuldades dos empreendedores é a falta de habilidades em aspectos comerciais e administrativos, que são agravados pelo insuficiente apoio de incubadoras e parques tecnológicos. Uma das dificuldades mais relevantes e comuns para os empreendedores pesquisados é a demora na liberação de recursos aprovados que acarreta a perda do momento ideal para o desenvolvimento e o consequente lançamento de produto inovador. / São Cristóvão, SE

Co-creation is a new approach to the development of videogames, films, television, music and other creative services. It is a manifestation of open innovation paradigm where the firm collaborates with customers in new service development (NSD) activities. Firm can either co-create with individual customers, or with customer communities. Customers may substantially contribute to ideation, design, production, testing, marketing or distribution of a new or existing service. Customer networks, because of their intrinsic and extrinsic motivations, contribute to the development of services. They have a potential to innovate, as their ideas come from the outside of the organization and reflect their need-related knowledge. Via co-creation a firm can also learn about unarticulated or future customer needs, and what kind of service features they would pay the most for. Co-creation has also benefits for marketing. By inviting customers to participate in their activities, firms can capitalize on positive word of mouth and increased value ascribed to their services. They can also engage in new models of raising finance, i.e. crowdfunding. We studied thirteen videogames firms in North America and in Western Europe. Our goal was to gain insight into their NSD activities when customers were also involved. We observed those studios’ co-creation practices, tracked their communications with customers, and spoke to employees in all levels and functions of those firms. We also participated in various related events. We identified three ideal types of co-creation practice: structured, semi-structured, and loose, and ordered the firms into three cases according to these types. We investigate the main factors that determine co-creation’s practice in firms, as well as firms’ ability co-create. This includes a firm’s propensity for and style of co-creation. We identify four relevant co-creation competences which, together with funding arrangements and organizational culture, influence co-creation. We find that co-creation can occur via formal, as well as informal channels. Informal co-creation takes place on the level of individual interactions between employees and customers (and is linked to hidden innovation), while formal relies on the strategic use of contests, volunteer programs, as well as other legally-regulated exchanges. Firms can use co-creation in NSD to source ideas from the customers, as well as to enhance their marketing by redefining customer relationship. Still, co-creation also has a profound transformative effect on the organization itself. We identify the sites within a firm that are affected by co-creation. Those sites go beyond just the content of the service, and include functions of the firm that normally are hidden from customers (back-end and service design functions). The new service development is also affected. Similarly, the way that firm interacts with its customers is transformed, too.

This diploma thesis deals with the new trends in the monetization of the video gaming industry with emphasis on crowdfunding, free-to-play model, selling games by "pay what you want" bundles and sales on Steam and other digital distribution stores. The purpose of this diploma thesis is to describe how the players on personal computers react to these trends in the Czech Republic. First, the situation in Czech gaming industry and the situation of players in the Czech Republic is described. Then, the new trends are analyzed thoroughly using foreign researches. The practical part analyses the effects of the new trends on Czech players with the results of an online questionnaire. First, the methodology is presented and subsequently the collected data is analyzed. Gradually, the thesis are answering the three research questions which are clarifying various aspects of how the Czech players respond to the new trends in the video gaming industry monetization. Powered by TCPDF (www.tcpdf.org)

Identifikační záznam Richterová, Daniela. On line fundraising a mikrofinancování v sociální síti a na Webu 2.0 [Online fundraising and microfinace in the context of social networks and Web 2.0]. Praha, 2011. 102 s. Diplomová práce. Univerzita Karlova v Praze, Filozofická fakulta, Ústav informačních studií a knihovnictví 2011. Vedoucí diplomové práce Mgr. Denisa Kera, Ph.D. Abstract The main focus of this thesis is to characterize online fundraising and microfinance tools in the context of Web 2.0 and social media. The main goal is to analyze and assess the existing philanthropic portals in the Czech Republic and abroad. The thesis includes a theoretical explanation of terminology, principles and technologies of Web 2.0 and social media platforms and their connection to online philanthropy. New phenomena such as crowdfunding, P2P lending and crowdsourcing are clarified. The analytical part focuses on the evaluation of fundraising portals Network for Good and GlobalGiving and microfinace portals Kiva and LoanBack. Czech philanthropic online projects are represented by Šance pro draha, myELEN, Daruj správně and Skutečný dárek. Particular emphasis is given to monitoring and evaluating the extent of Web 2.0 principles and technologies integration. The conclusions contain suggestions for implementing the findings...

Is the collapse of the traditional banking industry imminent? Although this is a thoughtprovoking statement and numerous arguments could be made for its inevitable demise in the faceof the fast moving and highly innovative Fintech industry, the fact remains that the traditionalbanking industry still serves as the primary financial intermediary when it comes to almost all ofour financial needs. But what if this wasn't the case? The rise of the Fintech industry has broughtwith it a tidal wave of new innovations and technologies that have in more recent yearschallenged the traditional banking industries' unassailable position in the credit market. Onerelatively new phenomena in the Fintech industry is Peer-to-Peer lending (P2P). Is this newphenomena here to stay and can it possibly cause tremendous damage to the existing incumbent’sposition in the industry? For this study we decided to investigate the relationship between peer to peer lending and thetraditional banking industry in Sweden for a variety of reasons. Firstly, P2P lending challengesthe banks dominance in their most profitable sector which is lending. This is because P2Plending bypasses the banks role in this financial transaction, cutting them out as middlemen inthe lending process by connecting the lender and borrower directly. Furthermore, P2P lending isable to provide better interest rates due to lower operational costs as well as a faster loanapproval process as well as being able to target isolated and underserved customer segmentsthought to be outside of the banks risk parameters. These factors put together present a unique challenge to the banks in terms of competition anddisruption. Our research investigated whether or not the P2P lending platforms in Sweden did infact cause disruption to the traditional banking industry or if they were creating a separate marketindependent from the traditional banking industry. The purpose of our study was to illuminatethe relationship between P2P lending and the traditional banking industry in a developedeconomy in order to contribute to the ongoing debate about the impacts that P2P lending has onthe banking industry. In our research and through our empirical findings we arrived at some very interestingconclusions. The banking industry is indeed being challenged and slowly pushed out of theconsumer lending sector, although to attribute this solely to P2P lending would be incorrect.Furthermore, although all of the banks we interviewed agreed that P2P lending was not a threatfrom a strategic viewpoint, the argument could also be made that disruption is occurring asincumbent firms ignore the needs of those downmarket and as a result new entrants thentargeting these customer segments gain traction and eventually target incumbent firms mostprofitable customer segment. Our findings conclude that P2P lending has indeed causeddisruption in the traditional banking industry although the level of disruption caused by P2Plending specifically is still up to debate.

В данной работе изучена специфика краудфандинга в сфере книгоиздания, а также описаны особенности продвижения краудфандингового издательского проекта. Объект настоящей магистерской диссертации – краудфандинговый проект на переиздание архитектурного путеводителя по Екатеринбургу. Предметом исследования являются способы продвижения, использованные в проекте краудфандинга. Магистерская диссертация состоит из введения, двух глав, заключения, библиографического списка, включающего 141 наименования. В первой части магистерской диссертации исследованы понятие, виды и преимущества краудфандинга, описаны особенности краудфандинга в сфере книгоиздания, а также перечислены основные способы продвижения проектов. Во второй части исследования подробно описаны все этапы создания краудфандингового проекта на переиздание путеводителя по Екатеринбургу, перечислены способы его продвижения. Благодаря статистическим данным дана оценка эффективности тех способов, результаты которых можно отследить и зафиксировать. Также были подведены итоги исследуемого проекта. Данная работа может послужить источником для других исследований, в том числе для сравнения эффективности кампаний по продвижению краудфандинговых проектов, что приведет к качественному и полному изучению данной темы. / In this paper, we studied the specifics of crowdfunding in the field of book publishing, and also described the features of promoting a crowdfunding publishing project. The object of this master's thesis is a crowdfunding project to reprint the architectural guide to Yekaterinburg. The subject of the research is the promotion methods used in the crowdfunding project. Master's thesis consists of introduction, two chapters, conclusion, bibliography, which includes 141 titles. The first part of the master's thesis explores the concept, types and advantages of crowdfunding, describes the features of crowdfunding in the field of book publishing, and also lists the main ways to promote projects. The second part of the study describes in detail all the stages of creating a crowdfunding project for the reissue of a guide to Yekaterinburg, lists ways to promote it. Thanks to statistical data, an assessment is given of the effectiveness of those methods, the results of which can be tracked and recorded. The results of the research project were also summed up. This work can serve as a source for other studies, including comparing the effectiveness of campaigns to promote crowdfunding projects, which will lead to a qualitative and complete study of this topic.

No description available.

This study evaluates the current environment for mixed-income transit oriented development along DART rail within the city limits of Dallas. A close look at income and racial disparity is used as the foundation for advocating for a more proactive and aggressive approach to the development of affordable units proximate to affordable transportation choices. Assembling financing for mixed-income TOD projects is especially challenging, and multiple layers of federal, state, and city funding mechanisms are required for achieving the capital requirements of the development. Both typical affordable housing funding methods and new and nontraditional funding methods for multifamily housing were researched and evaluated with the intention to propose possibilities for catalyzing development in DART station areas within the City of Dallas that have, to this point, experienced underdevelopment. / text

Einen Heiratsantrag von Brahms hätte sie abgelehnt“ – unter dieser Überschrift fand sich in BIS 2014, Heft 1 eine kurze Notiz zu einer von der Bibliothek der Hochschule für Musik und Theater Leipzig (HMT) initiierten Patenschaftsaktion zugunsten des Erwerbs von 57 Briefen der Komponistin, Schriftstellerin und Frauenrechtlerin Ethel Smyth. Keine zwei Monate nach Beginn der Aktion, pünktlich zum 70. Todestag der Musikerin am 8. Mai 2014, konnten die neu angekauften Dokumente erstmals der Öffentlichkeit präsentiert werden. Die Patenschaftsaktion ist mit großem Interesse und hoher Dynamik angenommen worden. 57 Einzelpersonen, Gruppen und Vereine aus Deutschland, Österreich, der Schweiz und Liechtenstein haben sich für das Projekt engagiert und einen zügigen Ankauf möglich gemacht.