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 …

Equity crowdfunding is an emerging financing tool that can help social start-ups and firms to collect people and … resources around a project. This paper focuses on equity crowdfunding. We look at this as a complementary financing channel … unique data set regards all the 104 Italian equity crowdfunding campaigns, launched by different platforms on the Italian …