Over the past years crowdfunding emerged as an alternative funding channel for entrepreneurs. In contrast to … traditional financiers (banks, venture capital firms or angel investors), crowdfunding allows individuals to fund entrepreneurs … directly even with small amounts. We received individual-level data from Startnext, the biggest crowdfunding platform in …

donations; (ii) a negative relationship between group size and the amount given by each donor; (iii) no relationship between …

) a positive relationship between social group size and the number of donations; (ii) a negative relationship between … group size and the size of individual donations; (iii) no clear relationship between group size and the total amount raised …