It is often assumed that entrepreneurs retain more control of their venture when they opt for equity crowdfunding as … by analysing the cash flow and control rights crowd investors receive in equity crowdfunding in Germany, where more … capital investment contracts are also used in equity crowdfunding contracts. We find that crowd investors are asked to pay …

that finished their ICOs by August 2017 to assess determinants of funding success that we derive from the crowdfunding and … venture capital literature. Our results show that ICOs exhibit similarities to classical crowdfunding and venture capital …