first time to the oft-repeated policy claim that equity crowdfunding democratizes entrepreneurial finance by providing …This paper investigates whether gender, age, ethnicity, and geography affect the choice of equity crowdfunding … both more likely to launch equity crowdfunding offerings than IPOs, and have higher chances to successfully complete an …

Policy-makers expect equity crowdfunding to democratize entrepreneurial finance, by providing access to funding to … choice of equity crowdfunding offerings vs initial public offerings (IPO) on traditional stock markets and whether these … team (TMT) members are both more likely to launch equity crowdfunding offerings than IPOs, and have higher chances to …

Various forms of social learning and network effects are at work on crowdfunding platforms, giving rise to … benefit from their common presence on the platform. We finally show that these crowdfunding dynamics stir platform growth …

Title III of the JOBS Act of 2012 (“Regulation Crowdfunding”) should encourage entrepreneurship by allowing startups …-to-peer financing in the Internet era; as a result, it got Internet-investor protection wrong. Using Regulation Crowdfunding requires … Regulation Crowdfunding to deploy high-growth strategies without needing more funds from professional Angel and Venture investors …

capital. Crowdfunding is an important contemporary and rich topic that has implications in entrepreneurship, finance, business …Both equity and non-equity crowdfunding has proven to be a productive method of capital formation for start-ups. The … equity crowdfunding provisions of The Jumpstart Our Business Startups Act (the “JOBS” Act) offer perhaps the most promising …

Using Kickstarter, the largest global reward-based crowdfunding platform, we conduct an exhaustive search of all fraud … late and visible suspension of a crowdfunding campaign tend to have a lower probability of success, fewer backers, and … fraudsters in crowdfunding markets. We find fraudsters are less likely to have engaged in prior crowdfunding activities, are less …