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 …

positive consequences of the new crowdfunding laws for the capital markets and for the crowd in general but has only limited … analysis on the prospect of adverse wealth effects of crowdfunding for the crowd investors. A limited number of existing … crowdfunding for the crowd in a setting that focuses on information asymmetry between non-accredited crowd investors and accredited …

considers the effectiveness of venture capital on the performance of crowdfunding campaigns started by entrepreneurs …. Specifically, we split 274,220 crowdfunding projects into venture capital- and non-venture capital-funded projects and examined … whether this type of financing enhances the performance of crowdfunding campaigns-measured by the number of crowdfunders and …