Table A1

List of 19 feedback loops detected for the CF campaign's CLD model

Loop Number 1 of length 2Loop Number 13 of length 6
The no. of funders/raised capitalThe no of Funders/Raised Capital
4. The financial gapCrowdfunding campaign success
Campaign audiencePlatform audience (website visits)
Loop Number 2 of length 2Campaign audience
The no. of funders/raised capital2. The founder's social network
9. Supportiveness of funders' commentsFounders' worth
PROJECT WORTHProject worth
Loop Number 3 of length 2Loop Number 14 of length 6
The no. of funders/raised capitalThe no. of funders/raised capital
Crowdfunding campaign success1. Funder's preparation and experience
Campaign audienceFunder worth
Loop Number 4 of length 31. Effort and specialized knowledge required to operate
The no. of funders/raised capitalPlatform quality
4. The financial gapPlatform audience (website visits)
Platform audience (website visits)Campaign audience
Campaign AudienceLoop Number 15 of length 6
Loop Number 5 of length 3The no. of funders/raised capital
The no. of funders/raised capital4. The financial gap
9. Supportiveness of funders' commentsPlatform audience (website visits)
Project worthCampaign audience
Campaign audience2. The founder's social network
Loop Number 6 of length 3Founders' worth
The no. of funders/raised capitalProject worth
Crowdfunding campaign successLoop Number 16 of length 7
Platform audience (website visits)The no. of funders/raised capital
Campaign audience1. Funder's preparation and experience
Loop Number 7 of length 4Funder worth
The no. of funders/raised capitalCrowdfunding campaign success
9. Supportiveness of funders' commentsCampaign sudience
Project worth2. The founder's social network
Platform audience (website visits)Founders' worth
Campaign audienceProject worth
Loop Number 8 of length 4Loop Number 17 of length 8
The no. of funders/raised capitalThe no. of funders/raised capital
1. Funder's preparation and experience1. Funder's preparation and experience
Funder worthFunder worth
Crowdfunding campaign successCrowdfunding campaign success
Campaign AudiencePlatform audience (website visits)
Loop Number 9 of length 5Campaign audience
The no. of funders/raised capital2. The founder's social network
1. Funder's preparation and experienceFounders' worth
Funder worthProject worth
1. Effort and specialized knowledge required to operateLoop Number 18 of length 8
Platform qualityThe no. of funders/raised capital
Campaign audience1. Funder's preparation and experience
Loop Number 10 of length 5Funder worth
The no. of funders/raised capital1. Effort and specialized knowledge required to operate
Campaign audiencePlatform quality
2. Founder's social networkCampaign audience
FOUNDERS' WORTH2. The founder's social network
Project worthFounders' worth
Loop Number 11 of length 5Project worth
The no. of funders/raised capitalLoop Number 19 of length 9
1. Funder's preparation and experienceThe no. of funders/raised capital
Funder worth1. Funder's preparation and experience
Crowdfunding campaign successFunder worth
Platform audience (website visits)1. Effort and specialized knowledge required to operate
Campaign audiencePlatform quality
Loop Number 12 of length 5Platform audience (website visits)
The no. of funders/raised capitalCampaign audience
4. The financial gap2. The founder's social network
Campaign audienceFounders' worth
2. The founder's social networkProject worth
Founders' worth 
Project worth 

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