With the rapid growth of the entrepreneurial ecosystem, the diversification of financing methods for entrepreneurs has provided new options, especially as online platform financing is emerging as a viable alternative to traditional financing methods. This study aims to explore how online platform financing affects the long-term success and sustainability of startups and to compare it with traditional financing methods. Through in-depth analyses of two case studies, Oculus Rift and Jawbone, it is found that online platform financing not only provides financial support but also leverages the wisdom and resources of the investor community, thus enhancing the market competitiveness and brand loyalty of startups. However, there are also risks associated with online financing, such as the challenges of independence and strategic control that startups may face after success. The study suggests that a balanced approach combining online platform financing and traditional venture capital may offer startups a more promising growth path toward long-term success and sustainability.
