Securities crowdfunding — the sale of unregistered securities to the public over the Internet — has come under attack … in crowdfunding companies. Even assuming that this may be true from a purely financial perspective, these critics are … building. These nonfinancial returns of crowdfunding are readily apparent in the donation and reward context, and this …

Title III of the JOBS Act of 2012 (“Regulation Crowdfunding”) should encourage entrepreneurship by allowing startups …-to-peer financing in the Internet era; as a result, it got Internet-investor protection wrong. Using Regulation Crowdfunding requires … Regulation Crowdfunding to deploy high-growth strategies without needing more funds from professional Angel and Venture investors …

Using Kickstarter, the largest global reward-based crowdfunding platform, we conduct an exhaustive search of all fraud … late and visible suspension of a crowdfunding campaign tend to have a lower probability of success, fewer backers, and … fraudsters in crowdfunding markets. We find fraudsters are less likely to have engaged in prior crowdfunding activities, are less …

equity crowdfunding direct their investments to local firms. In line with agency theory, the results suggest that investors …-ups that run into insolvency or are dissolved, which indicates that local investments in equity crowdfunding constitute a …

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

? Specifically, we examine the effects of altruism on crowdfunding outcomes in Initial Coin Offerings (ICOs). The main result …