Goethner, Maximilian; Luettig, Sebastian; Regner, Tobias - In: Small Business Economics 57 (2020) 2, pp. 905-926
Crowdinvesting emerged recently as an alternative way of funding for start-up projects. Our dataset consists of 16,666 investments made at Companisto, one of the largest crowdinvesting platforms in Europe. Using cluster analysis based on individual investment decisions, we find that...
