Entrepreneurial Finance, Crowdfunding, and Language

Legitimacy and stigma in organisations 75

research may explore other facets of stigmatisation processes (e.g. how stigma

spills over to similar or associated ventures) and their interplay with eorts to

obtain economic and social support (e.g. whether belonging to stigmatised cat-

egories impacts crowdfunding eorts).

5.3 Conclusions

This chapter provides a theoretical overview of two key dimensions of entre-

preneurial ventures: legitimacy and stigma. We detail the antecedents of legit-

imacy and how organisations, especially newly emerged ventures, may become

legitimate actors and exploit such conditions to obtain the social and financial

resources needed to survive and grow, thus pointing to the consequences of

legitimacy for entrepreneuria