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Despite its growing importance, we still know little about the underlying network effects that drive the evolution and growth of crowdfunding platforms. Specifically, is the evolution and growth primarily driven by a growing number of entrepreneurial projects attracting funders, or do funders primarily attract entrepreneurs, or does a reciprocal relationship exist between the two market sides? We also explore whether and how input control, a common gatekeeping mechanism on platforms, has an impact on the formation of network effects. By analyzing eight\u00a0years of data on the evolution of Kickstarter, one of the leading reward\u2010based crowdfunding platforms, we find that network effects are asymmetric. An increasing number of entrepreneurial projects has a strong and significant effect on the installed base of funders (cross\u2010side network effects) and also attracts other entrepreneurs to the platform (same\u2010side network effects). However, an increased installed base of funders does not have an effect on the growth of either side of the market. We also find that, under weaker input control, cross\u2010side network effects and same\u2010side network effects are weaker and less sustainable. Taken together, our exploratory evidence suggests that the relationship between the market sides on crowdfunding platforms might be less reciprocal than expected, having profound implications for entrepreneurs and providers of crowdfunding platforms.<\/jats:p>","DOI":"10.1111\/isj.12194","type":"journal-article","created":{"date-parts":[[2018,4,23]],"date-time":"2018-04-23T08:31:48Z","timestamp":1524472308000},"page":"1239-1262","update-policy":"http:\/\/dx.doi.org\/10.1002\/crossmark_policy","source":"Crossref","is-referenced-by-count":59,"title":["Network effects on crowdfunding platforms: Exploring the implications of relaxing input control"],"prefix":"10.1111","volume":"28","author":[{"ORCID":"http:\/\/orcid.org\/0000-0003-3379-302X","authenticated-orcid":false,"given":"Ferdinand","family":"Thies","sequence":"first","affiliation":[{"name":"University of Liechtenstein Institute for Entrepreneurship F\u00fcrst\u2010Franz\u2010Josef\u2010Strasse 9490 Vaduz Liechtenstein"}]},{"ORCID":"http:\/\/orcid.org\/0000-0002-2611-9689","authenticated-orcid":false,"given":"Michael","family":"Wessel","sequence":"additional","affiliation":[{"name":"Department of Digitalization Copenhagen Business School Howitzvej 60 2000 Frederiksberg Denmark"}]},{"ORCID":"http:\/\/orcid.org\/0000-0002-7294-3097","authenticated-orcid":false,"given":"Alexander","family":"Benlian","sequence":"additional","affiliation":[{"name":"Chair of Information Systems and Electronic Services Technische Universit\u00e4t Darmstadt Hochschulstr. 1 64289 Darmstadt Germany"}]}],"member":"311","published-online":{"date-parts":[[2018,4,16]]},"reference":[{"key":"e_1_2_9_2_1","doi-asserted-by":"publisher","DOI":"10.1287\/isre.1120.0418"},{"key":"e_1_2_9_3_1","doi-asserted-by":"publisher","DOI":"10.1086\/262063"},{"key":"e_1_2_9_4_1","unstructured":"Agrawal A. 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