to large numbers of investors, each of whom only invests a small dollar amount. This “crowdfunding” of securities is a …

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 …

token. Crowdfunding via token offering or initial coin offering is an innovative funding method where startups may raise … cryptocurrency-based crowdfunding and designed our roadmap on the basis of this innovative method. Finally, the study examined the …

(small) investors to commit financial resources in an equity crowdfunding context. We examine the impact of venture quality …

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