initially startling. On the eve of launching equity-based crowdfunding, a new market for early-stage finance in the U.S., we …, the recent rise of crowdfunding - raising capital from many people through an online platform - which offers little … transaction costs, reputation, and market design, can explain the rise of non-equity crowdfunding and offer a framework for …

that apply for angel funding (and those that are ultimately funded) is inversely correlated with the entrepreneurship …

important role that entrepreneurship is believed to play in the process of economic growth, alleviating financing constraints … examining the relevance of financing constraints for entrepreneurship. We then introduce a framework that provides a unified … entrepreneurial finance …

We use equity crowdfunding data to ask how fundraising amounts can be explained by what entrepreneurs ask for, versus … what investors want to invest. The analysis exploits unique features of crowdfunding where entrepreneurs not only set …

Angel investor tax credits are used globally to spur high-growth entrepreneurship. Exploiting their staggered … evidence that direct subsidies to firms have positive effects, raising concerns about promoting entrepreneurship with investor …

show how this process of experimentation can be particularly valuable in the context of entrepreneurship because most new …

Initial coin offerings (ICOs) have emerged as a new mechanism for entrepreneurial finance, with parallels to initial … public offerings, venture capital, and pre-sale crowdfunding. In a sample of more than 1,500 ICOs that collectively raise $12 …