-value pairs between the funders and the entrepreneurs. Issues of identification and control are thus not based upon any formal … transformation of capital is highly moderated by cultural and symbolic capital. Crowdfunding seems an ideal match for entrepreneurs … seeking for ‘societal' value more than for economic gain. While the entrepreneurs act as catalysts, members of the crowd take …

where adverse selection problems between entrepreneurs, venture capitalists and incumbents are present. We show that as … ; entrepreneurs ; signaling ; development ; M&A …

If control of their firms allows entrepreneurs to derive private benefits, it also allows other controlling parties … and analyze entrepreneurs' financing strategy between the two. We find that, in all strict Nash Equilibria, entrepreneurs … who value private benefits more choose banks while the rest choose venture capital. Thus, bank-financed entrepreneurs …

The conventional wisdom is that entrepreneurs seek financing for their high-growth, high-risk start-up companies in a … (and usually ex-entrepreneurs) who invest their own money in multiple, early-stage start-ups. Finally, after angel funds … run dry, entrepreneurs seek funding from venture capitalists, whose big dollars and deep connections lead the start-up to …

entrepreneurs. These gross differences may be due both to partners impacting business success that is, who the particular partners …