are ultimately financed via crowdfunding? A simple model and simulation reveals the answers to both questions to be: "not …

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 …

. We apply our method to a central question in (social) entrepreneurship: How does altruism impact entrepreneurial success …? 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 …