海地的另類股權眾籌平台

以作者查詢圖書館館藏

、以作者查詢臺灣博碩士

、以作者查詢全國書目

、勘誤回報

、線上人數：50

、訪客IP：18.191.200.151

姓名

費瑞斯(Roberto Louis Forestal) 查詢紙本館藏

畢業系所

財務金融學系

論文名稱

海地的另類股權眾籌平台
(Selfinans: Alternative Equity Crowdfunding Platform in Haiti)

相關論文

★ 台灣建置碳排放權交易機制之分析	★ 保險業如何建立創造公司、顧客及員工三贏的RFP商業模式 —以全球人壽為例
★ 在IAS 21：「匯率變動之影響」規範下，我國企業如何應用商業模式選擇功能性貨幣之研究-以A公司為例	★ 台灣銀行業如何改變商業模式以因應ECFA下之變局-以個案銀行為例
★ 公司發行可轉債之宣告與長期績效	★ 申請上市櫃過程中股票價格之變化：來自興櫃市場的實證
★ 外資買賣超對個股之影響	★ 文創產業之融資模式探討
★ 私募股權基金入股後對台灣金融業的影響	★ 新舊承銷制度下首次公開發行公司盈餘管理之比較研究
★ 匯率風險與管理策略研究-以個案公司為例	★ 商業銀行併購融資之契機
★ 我國證券商辦理離境證券業務與海外子公司業務之比較：以個案銀行券商為例	★ 借殼公司之探討以台灣市場為例
★ 家族企業接班：專業經理人與家族成員之績效比較	★ 本國銀行Basel III 資本適足率與流動性覆蓋率探討

檔案

[Endnote RIS 格式]

[Bibtex 格式]

[相關文章]

[文章引用]

[完整記錄]

[館藏目錄]

[檢視]

[下載]

本電子論文使用權限為同意立即開放。
已達開放權限電子全文僅授權使用者為學術研究之目的，進行個人非營利性質之檢索、閱讀、列印。
請遵守中華民國著作權法之相關規定，切勿任意重製、散佈、改作、轉貼、播送，以免觸法。

摘要(中)

發展中國家的企業家如何從發展業務所需的資金和專業知識中獲益？作為海地人，我對這個國家的發展會有什麼貢獻？更廣泛地說，我們如何利用技術的好處和我在台灣學到的東西，在擁有大商業創意的資本尋求者和擁有金錢和專業知識的資本提供者之間建立“橋樑”？
Selfinans LLC是一家以戰略為基礎的技術創新公司。在我們在台灣國立中央大學獲得金融碩士學位期間，我們與年輕人進行了在線討論，了解他們國家當地金融機構尋求融資和專業知識的困難。每個問題實際上都是一個機會！因此，我們有了創建移動應用程序的想法，該應用程序將成為發展中國家企業家和國際投資者之間的橋樑。例如，這個名為Selfinans LLC的平台將允許海地企業家尋找台灣投資者的融資，合作夥伴關係和專業知識。
我們一直在尋找目前尚未提供服務的數字經濟市場：貧窮國家的企業家與全球投資者之間可靠而可行的聯繫。我們意識到市場上有幾種數字融資平台，如股權眾籌，點對點借貸等，但它們都沒有為投資者提供成為公司資金的可能性。特別是，現有的在線平台不允許普通的海地企業家從外國投資者的經驗和專業知識中受益，以創造，發展或擴展他/她的業務。
我們還發現，在尋找融資的眾多移動應用程序中，很少有人參與股權融資。這些移動應用程序公司大多涉及貸款，即i-e債務融資。此外，現有的移動應用程序不允許貧窮國家（例如海地）的企業首先提出其業務計劃，財務報表等，然後為其業務尋找合適的財務合作夥伴。所以我們決定創建一個：Selfinans誕生了。

摘要(英)

How can entrepreneurs in developing countries benefit from money and expertise they need to grow their business? As a native of Haiti, what would be my contribution to the development of this country? More broadly, how can we use the benefits of technology and what I learned in Taiwan to build “bridges” between capital seekers who have big business ideas and capital providers who have both money and expertise?
Selfinans LLC is a company whose strategy is based on technological innovation. During our master′s degree in finance at National Central University in Taiwan, we had an online discussion with young people about the difficulties of finding financing and expertise from local financial institutions in their countries. Each problem is actually an opportunity! So we got the idea to create a mobile application that will serve as a bridge between entrepreneur from developing world and international investors. For example, this platform called Selfinans LLC will allow a Haitian entrepreneur to find financing, partnership and expertise from a Taiwanese investor.
We were looking for a market segment in the digital economy that was not currently serviced: a reliable and viable connection between entrepreneurs in poor countries and investors throughout the world. We realized that there are several digital financing platforms on the market such as equity crowdfunding, peer-to-peer lending, etc. but none of them offer the possibility for the investor to become a part of the company that he / she finances. In particular, existing online platforms do not allow an average Haitian entrepreneur to benefit from the experience and expertise of a foreign investor in order to create, grow or expand his / her business.
We also found that among the multitude of mobile applications to find financing, few of them are involved in equity financing. Most of these mobile apps companies involve in loans, i-e debt financing. Moreover, there are no existing mobile applications that would allow a business in a poor country (in Haiti for example) to first present its business plan, its financial statements, etc., and then find a right financial partner for its business. So we decided to create one: Selfinans was born.

關鍵字(中)

★ Selfinans LLC
★ 海地
★ 股權融資
★ 眾籌商業計劃

關鍵字(英)

★ Selfinans LLC
★ Haiti
★ Crowdfunding business plan
★ equity financing.

論文目次

Table of Contents
Contents
摘要 I
ABSTRACT II
ACKNOWLEDGEMENTS III
TABLE OF CONTENTS IV
LIST OF FIGURES VIII
LIST OF TABLES IX
INTRODUCTION 1
CHAPTER 1- COMPANY OVERVIEW 4
1.1. MISSION 4
1.2. OBJECTIVES 4
1.3. KEYS TO SUCCESS 5
1.4. DESCRIPTION OF BUSINESS ACTIVITY 6
1.5. COMMENCEMENT DATE AND COMMENCEMENT CAPITAL 6
1.6. BUSINESS STRUCTURE 6
1.6.1. LIMITED LIABILITY COMPANY 8
1.6.2. LICENCES AND REGISTRATION 9
1.6.3. LOCATION AND FACILITIES 9
1.6.4. CONTACT INFORMATION 10
1.7. ORGANIZATIONAL STRUCTURE 10
1.7.1. COMPANY OWNERSHIP 11
1.7.2. MANAGEMENT STRUCTURE 11
1.8. BUSINESS ADVISORS 13
CHAPTER 2- BUSINESS ENVIRONMENT 15
2.1. CROWDFUNDING CONCEPTUAL AND THEORETICAL BACKGROUND 15
2.1.1. CROWDFUNDING BASICS 15
2.1.2. CROWDFUNDING SYSTEM 16
2.1.2.1. PLATFORM PROVIDERS 16
2.1.2.2. BUSINESS CREATORS 16
2.1.2.3. BUSINESS CONTRIBUTORS 17
2.1.2.4. TRADITIONAL CAPITAL MARKETS 17
2.1.2.5. LEGAL AND ETHICAL CONSIDERATIONS 17
2.1.3. LITERATURE REVIEW ON CROWDFUNDING 19
2.2. CROWDFUNDING TYPOLOGIES 20
2.2.1. EQUITY-BASED CROWDFUNDING 20
2.2.1.1. PRIVATE EQUITY FINANCING 20
2.2.1.2. REVENUE-BASED OR ROYALTY FINANCING 21
2.2.1.3. MEZZANINE FINANCING 21
2.2.2. DEBT-BASED CROWDFUNDING 22
2.2.2.1. MICROFINANCING CROWDFUNDING 22
2.2.2.2. PEER-TO-PEER CROWDFUNDING 22
2.2.3. APPRECIATION-BASED CROWDFUNDING 23
2.2.3.1. REWARD-BASED CROWDFUNDING 23
2.2.3.2. DONATION-BASED CROWDFUNDING 23
2.2.4. DISCUSSION 23
2.3. CROWDFUNDING INDUSTRY ANALYSIS 25
2.3.1. INDUSTRY CLASSIFICATION 25
2.3.2. DEMAND ANALYSIS 26
2.3.2.1. ENTERPRISES IN HAITI AND OTHER DEVELOPING COUNTRIES 26
2.3.2.2. TAIWANESE AND INTERNATIONAL INVESTORS 28
2.3.3. EXTERNAL FACTORS 29
2.3.3.1. TECHNOLOGY 29
2.3.3.2. GOVERNMENT 30
2.3.3.3. ECONOMIC AND SOCIAL 30
2.3.3.4. CULTURAL AND DEMOGRAPHIC 31
CHAPTER 3- MARKETING ANALYSIS 32
3.1. MARKET SEGMENTATION 32
3.1.1. MARKET RESEARCH 34
3.1.2. SIZING UP THE MARKET 37
3.1.3. TARGET MARKET 37
3.2. BUSINESS COMPETITIVE EDGE 41
3.3. SWOT ANALYSIS 43
3.4. MARKETING STRATEGY 44
CHAPTER 4- PRODUCT AND SERVICE 48
4.1. OUR COMPANY’S MOBILE APP 48
4.1.1. PRODUCT INTRODUCTION 48
4.1.2. DEVELOPMENT REQUIREMENTS 49
4.2. SERVICE DESCRIPTION 50
4.2.1. OVERVIEW 50
4.2.2. SYSTEM OPERATION 51
4.2.3. CROWDFUNDING CAMPAIGN SYSTEM 52
4.2.4. REWARD SYSTEM 53
CHAPTER 5- BUSINESS MODEL 55
5.1. VALUE PROPOSITION 55
5.2. SALES STRATEGY 56
5.2.1. COMMISSIONS ON FUNDS RAISED 56
5.2.2. ADDITIONAL SERVICES 56
5.3. PRICE SETTING 57
5.4. COST STRUCTURE 57
1.4.1.1 ADVERTISING/MARKETING 60
1.4.1.2 TRAVEL 63
1.4.1.3 UTILITIES 63
1.4.1.4 DUES AND SUBSCRIPTIONS 63
1.4.1.5 INSURANCE 63
5.4.2 VARIABLE COSTS 63
5.4.3 NETWORK ECONOMIES OF SCALE 64
5.4.4 ECONOMIES OF SCOPE 64
5.5. SALES FORECAST 64
CHAPTER 6- FINANCIAL PLAN 67
6.1. UNDERLYING ASSUMPTIONS 67
6.2. START-UP BUDGET 67
6.2.1. START-UP COSTS 67
6.2.2. START-UP FUNDING 69
6.3. PROJECTED PROFIT AND LOSS 72
6.3.1 REVENUES 72
6.3.2 COST OF SALES OR COST OF ACQUISITION (CA) 72
6.3.3 OPERATING EXPENSES 74
6.3.3.1 SALES AND MARKETING (S&M) 74
6.3.3.2 GENERAL AND ADMINISTRATIVE (G&A) 74
6.3.3.3 RESEARCH AND DEVELOPMENT (R&D) 75
6.3.4 DEPRECIATION 76
6.3.5 FINANCE COSTS AND TAXES 78
6.4. PROJECTED CASH FLOW 81
6.5. PROJECTED BALANCE SHEET 83
6.6. FINANCIAL RATIOS 85
6.6.1. PROFITABILITY RATIOS 85
6.6.1.1. MARGIN RATIOS 85
6.6.1.2. RETURN RATIOS 87
6.6.2. LEVERAGE RATIOS 89
6.7. BREAK-EVEN ANALYSIS 91
CHAPTER 7- RISK ASSESSMENT 94
7.1. FINANCIAL RISKS 94
7.1.1. MARKET RISK 94
7.1.2. LIQUIDITY RISK 94
7.1.3. OPERATIONAL RISK 95
7.2. MANAGEMENT RISKS 95
7.3. INFORMATION TECHNOLOGY (IT) RISK 95
7.3.1. GENERAL IT RISKS 95
7.3.2. CRIMINAL IT RISKS 96
7.4. CONTINGENCY PLANS 96
CONCLUSION 97
BIBLIOGRAPHY 100
APPENDIX SECTIONS 108
APPENDIX A - SURVEY QUESTIONNAIRE 109
APPENDIX B 128
APPENDIX B - PERSONNEL PLAN 129
APPENDIX B - SALES FORECAST 131
APPENDIX C 132
APPENDIX C - DEPRECIATION TABLE 133
APPENDIX C - LOAN AMORTIZATION OR FINANCE COSTS SUMMARY 134

參考文獻

Bibliography
Agrawal, Ajay K et al., 2011. The geography of crowdfunding. National Bureau of Economic Research, No. w16820

Allison, Thomas et al., 2014. Crowdfunding in a prosocial microlending environment: Examining the role of intrinsic versus extrinsic cues. Entrepreneurship Theory and Practice.

Andrianjaka, Riana Razafimandimby, 2017. Middle-class composition and growth in middle-income countries. ADBI Working Paper Series, No. 753.

Azzimonti, Marina and Pierre-Daniel G. Sarte, 2007. Barriers to Foreign Direct Investment Under Political Instability, Economic Quarterly, Volume 93, Number 3, Pages 287–315.

Bains, William et al., 2014. Funding biotech start-ups in a post-VC world. Journal of Commercial Biotechnology, 20(1), 10-27.

Belleflamme, Paul et al., 2013. Crowdfunding: Tapping the right crowd, Journal of Business Venturing, JBV-05682.

Braet, Olivier et al., 2013. Crowdfunding the movies: A business analysis of crowdfinanced moviemaking in small geographical markets. Journal of Media Business Studies, 10(1), 1-23.

Burtch, Gord et al., 2013a. An empirical examination of the antecedents and consequences of contribution patterns in crowd-funded markets. Information Systems Research, 24(3), 499-519.

Burtch, Gord et al., 2013b. An empirical examination of users’ information hiding in a crowdfunding context. Paper presented at the Proceedings of the Thirty-fourth International Conference on Information Systems, Milan, Italy.

Business Matters. Life-Cycle Financing of your Entrepreneurial Company. http://www.bmmagazine.co.uk/opinion/life-cycle-financing-entrepreneurial-company/. Last visit September 18, 2017.

Castelluccio, Michael, 2012. Opening the crowdfunding release valves. Strategic Finance, 93(8), 59-60

Collier, Paul, 2009. Haiti: From Natural Catastrophe to Economic Security: A Report for the Secretary-General of the United Nations. Berkeley CA, Department of Economics, Oxford University

Cumming, Douglas and Sofia Johan, 2013. Demand-driven securities regulation: evidence from crowdfunding. Venture Capital, 15(4), 361-379.

GSMA Intelligence, 2017. Global Mobile Trends 2017. https://www.gsmaintelligence.com/research/?file=3df1b7d57b1e63a0cbc3d585feb82dc2&download Last visit October 5, 2017.

Evanson, David R, 2001. Royalty Treatment, Beroff, Art // Entrepreneur, Vol. 29 Issue 9.

Everhart, Stephen S. and Sumlinski A Mariusz, 2001. Trends in Private Investment in
Developing Countries Statistics for 1970-2000 and the Impact on Private Investment of Corruption and the Quality of Public Investment, The World Bank, Washington, D.C.

Fifield, Paul, 2007. Marketing strategy masterclass: making marketing strategy happen, Oxford: Butterworth-Heinemann.

Haïti - Économie : Modernisation de l’économie haïtienne, http://www.haitilibre.com/article-7889-haiti-economie-modernisation-de-l-economie-haitienne.html Last visit October 5, 2017.

Hooke, Jeffrey C., 2010. Security Analysis and Business Valuation on Wall Street, A Comprehensive Guide to Today’s Valuation Methods, Second Edition, John Wiley & Sons, Inc., Hoboken, New Jersey.

Gerber, Elizabeth M et al., 2012. Crowdfunding: Why people are motivated to post and fund projects on crowdfunding platforms. In Proceedings of the International Workshop on Design, Influence, and Social Technologies: Techniques, Impacts and Ethics.

Herrera, Javier et al., 2014. L’évolution des conditions de vie en Haïti entre 2007 et 2012. La réplique sociale du séisme, Paris, Port-au-Prince, IHSI, DIAL.

Hornbeck, J. F., 2010. The Haitian Economy and the HOPE Act, Washington DC, Congressional Research Service: Report for Congress.

How Does Household Income Affect Smartphone Use, http://www.realitymine.com/smartphone-use-by-income/ Last visit October 5, 2017.

Huang, Roger D. and Cheng-Yi Shiu, 2009. Local Effects of Foreign Ownership in an Emerging Financial Market: Evidence from Qualified Foreign Institutional Investors in Taiwan. Financial Management, Volume 38, Issue 3, Pages 567–602

International Labour Office (ILO), 2014. Wages and working hours in the textiles, clothing, leather and footwear industries: Issues Paper for discussion at the Global Dialogue Forum on Wages and Working Hours in the Textiles, Clothing, Leather and Footwear Industries, Geneva, Sectoral Activities Department.

Irvine, Mark, 2017. Google AdWords Benchmarks for your Industry, http://www.wordstream.com/blog/ws/2016/02/29/google-adwords-industry-benchmarks, Last visit November 4, 2017.

Jobe, William, 2013. Native Apps Vs. Mobile Web Apps, International Journal of Interactive Mobile Technologies-iJIM, Volume 7, Issue 4.

Kleemann, Frank et al., 2008. Un(der)paid Innovators: The Commercial Utilization of Consumer Work through Crowdsourcing, Science, Technology & Innovation Studies
Vol. 4, No. 1.

Kushnir, Khrystyna, Melina Laura Mirmulstein and Rita Ramalho, 2010. Micro, Small, and Medium Enterprises Around the World: How many are there, and what affects the count?, MSME Country Indicators

Lavinsky, David, 2011. Funding fathers. Smart Business, Los Angeles, 6(3), 6.

Lewis, Michael, 2001. The New New Thing: A Silicon Valley Story, Penguin Books, USA.

Lifewire. How Many Apps Are in the App Store? https://www.lifewire.com/how-many-apps-in-app-store-2000252. Last visit October 04, 2017.

Ley, Andy and Scott Weaven, 2011. Exploring agency dynamics of crowdfunding in start-up capital financing. Academy of Entrepreneurship Journal, 17(1), 85-110.

Lin, Mingfeng et al., 2013. Judging borrowers by the company they keep: Friendship networks and information asymmetry in online peer-to-peer lending. Management Science, 59(1), 17-35.

Mallampally, Padma and Karl P. Sauvant, 1999. Foreign Direct Investment in Developing Countries, World Investment Report , Volume 36, Number 1

Miller, Kent D. et al., 2009. Strategies for online communities. Strateg. Manag. J. 30, 305–322

Mollick, Ethan, 2014. The dynamics of crowdfunding: An exploratory study. Journal of Business Venturing, 29(1), 1-16.

Morisse, Jacques and Olivier Lumenga Neso, 2002. Administrative Barriers to Foreign Investment in Developing Countries, Policy Research working paper 2848
Mutengezanwa, Margaret et al., 2011. The impact of micro finance institutions on the socioeconomic lives of people in Zimbabwe. Annals of the University of Petrosani Economics, 11(1), 161-170.

Ordanini, Andrea et al., 2011. Crowd-funding: Transforming customers into investors through innovative service platforms. Journal of Service Management, 22(4), 443-470.

Peavler, Rosemary. Royalty Financing – An Equity Investment in Future Sales, http://bizfinance.about.com/od/equityfinancing/qt/Royalty_Financing.htm, last visited September 21, 2017

Pelizzon, Loriana et al., 2016. Classification of Crowdfunding in the Financial System. Springer International Publishing Switzerland.

Rejda, George E. and McNamara, Michael J., 2017. Principles of Risk Management and Insurance, London, Pearson Education Limited, Thirteen edition.

Search salaries and compensation, https://www.glassdoor.com/Salaries/index.htm last visited October 11, 2017

Shanahan, Julieann, Jill Marshall, and Anatoly Shtekhman, 2010. Evaluating Private Equity, Valley Forge, PA, the Vanguard Group.

Skok, David, 2009. When the cost of customer acquisition exceeds your ability to monetize them, http://venturehacks.com/articles/cac-ltv, last visited October 05, 2017

Svedik, Jan and Tetrevova, Libena, 2015. Use of Public Debt Mezzanine Instruments in the Czech Republic, Pardubice, Czech Republic, Procedia -Social and Behavioral Sciences.

Tatum, C. B., 1989. Organizing to increase innovation in the construction firm, Journal of Construction Engineering and Management, 115(4), 602 - 617.

Tien, Yu-pin and Elizabeth Hsu, 2012. Taiwan investors among world′s most caring about environment: study, http://focustaiwan.tw/news/aeco/201612120012.aspx, last visited October 04, 2017

Traditional Media vs. Social Media Advertising. https://www.lyfemarketing.com/traditional-media-versus-social-media/ , last visited October 11, 2017

TD Economics, 2014. Crowdfunding: A Kick Starter for Startups. http://www.td.com/document/PDF/economics/special/Crowdfunding.pdf.

Ward, Chris and Vandana Ramachandran, 2010. Crowdfunding the next hit: Microfunding online experience goods. In Workshop on Computational Social Science and the Wisdom of Crowds at NIPS2010.

Williams, Chris et al., 2000. Selecting a business structure-an informational guide to forming businesses, Arthur Capper Cooperative Center, Department of Agricultural Economics, Cooperative Extension Service, Kansas State University

World Atlas, Haiti. http://www.worldatlas.com/webimage/countrys/namerica/caribb/ht.htm. Last visit September 17, 2017.

Worldwride Tax summaries, http://www.pwc.com/taxsummaries Last visit October 18, 2017.

Yunus, Muhammad, 1999. Banker to the poor: Micro-lending and the battle against world poverty. New York: Public Affairs.

Zhang, Juanjuan and Peng Liu, 2012. Rational herding in microloan markets. Management Science, 58(5), 892-912.

指導教授

徐政義(Cheng-Yi Shiu)

審核日期

2019-1-14

推文