Equity crowdfunding is a new form of entrepreneurial finance, in which investors do not receive perks or engage in pre … is the way the portal allocates securities. We use unique data from four German equity crowdfunding portals to examine … how the allocation mechanism affects funding dynamics. In contrast with the crowdfunding campaigns on Kickstarter, on …

-backed companies are well suited for Regulation Crowdfunding (Regulation CF) issuers. This is because the typical Regulation CF issuer … reflecting these best practices helps its stakeholders. It is time for equity crowdfunding portals to provide similar formation …-related resources to Regulation CF issuers and to even require usage. Alternatively, an equity crowdfunding association could develop …

are ultimately financed via crowdfunding? A simple model and simulation reveals the answers to both questions to be: "not …