Equity Crowdfunding: a new phenomena
Crowdfunding has recently become available for entrepreneurs. Most academic studies analyse data from rewards-based (pre-selling) campaigns. In contrast, in this paper we analyse 636 campaigns, encompassing 17,188 investors and 64,831 investments between 2012 and 2015, from one of the leading Europe...
| Main Authors: | , , |
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| Format: | Journal article |
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Elsevier
2016
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| _version_ | 1797094491038941184 |
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| author | Vulkan, N Astebro, T Fernandez Sierra, M |
| author_facet | Vulkan, N Astebro, T Fernandez Sierra, M |
| author_sort | Vulkan, N |
| collection | OXFORD |
| description | Crowdfunding has recently become available for entrepreneurs. Most academic studies analyse data from rewards-based (pre-selling) campaigns. In contrast, in this paper we analyse 636 campaigns, encompassing 17,188 investors and 64,831 investments between 2012 and 2015, from one of the leading European equity crowdfunding platforms. We provide descriptive statistics and carry out cross-campaign regression analysis. The descriptive statistics address its size, growth and geographic distributions in the UK. The regressions analyse which factors are associated with the probability of a successful campaign. We find some similarities and some interesting dissimilarities when comparing the descriptive statistics and regression results to research on rewards-based crowding. The data show that equity crowdfunding will likely pose great challenges to VC and business angel financiers in the near future. We discuss some research challenges and opportunities with these kind of data. |
| first_indexed | 2024-03-07T04:14:47Z |
| format | Journal article |
| id | oxford-uuid:c910a871-8e03-4148-aadd-0fbc5cb62382 |
| institution | University of Oxford |
| last_indexed | 2024-03-07T04:14:47Z |
| publishDate | 2016 |
| publisher | Elsevier |
| record_format | dspace |
| spelling | oxford-uuid:c910a871-8e03-4148-aadd-0fbc5cb623822022-03-27T06:56:18ZEquity Crowdfunding: a new phenomenaJournal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:c910a871-8e03-4148-aadd-0fbc5cb62382Symplectic Elements at OxfordElsevier2016Vulkan, NAstebro, TFernandez Sierra, MCrowdfunding has recently become available for entrepreneurs. Most academic studies analyse data from rewards-based (pre-selling) campaigns. In contrast, in this paper we analyse 636 campaigns, encompassing 17,188 investors and 64,831 investments between 2012 and 2015, from one of the leading European equity crowdfunding platforms. We provide descriptive statistics and carry out cross-campaign regression analysis. The descriptive statistics address its size, growth and geographic distributions in the UK. The regressions analyse which factors are associated with the probability of a successful campaign. We find some similarities and some interesting dissimilarities when comparing the descriptive statistics and regression results to research on rewards-based crowding. The data show that equity crowdfunding will likely pose great challenges to VC and business angel financiers in the near future. We discuss some research challenges and opportunities with these kind of data. |
| spellingShingle | Vulkan, N Astebro, T Fernandez Sierra, M Equity Crowdfunding: a new phenomena |
| title | Equity Crowdfunding: a new phenomena |
| title_full | Equity Crowdfunding: a new phenomena |
| title_fullStr | Equity Crowdfunding: a new phenomena |
| title_full_unstemmed | Equity Crowdfunding: a new phenomena |
| title_short | Equity Crowdfunding: a new phenomena |
| title_sort | equity crowdfunding a new phenomena |
| work_keys_str_mv | AT vulkann equitycrowdfundinganewphenomena AT astebrot equitycrowdfundinganewphenomena AT fernandezsierram equitycrowdfundinganewphenomena |