In crowdfunding, start-ups can voluntarily communicate with their investors by posting updates. We investigate whether …-collected data of 751 updates and 39,036 investment decisions from the two major German equity crowdfunding portals Seedmatch and … Companisto. We find evidence for strategic communication behavior of startups during an equity crowdfunding campaign. During the …

Purpose – This study’s aim is to investigate the role of investor communication in equity-based crowdfunding. The study …-based crowdfunding, thereby facilitating the crowd’s investment decisions. Design/methodology/approach – This paper follows an …-based crowdfunding: 12 investors, 6 new ventures and 5 third parties (mostly platform operators). After analyzing, coding and …

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 …

crowdfunding and token issues. In contrast to traditional ways of raising funds these innovations: (1) use modern technology … the 21st century. This article provides a review of the growing number of theoretical papers in the areas of crowdfunding …