Does equity crowdfunding democratize access to entrepreneurial finance?
Abstract
This chapter explains the importance of equity crowdfunding for democratizing access to capital. With a growing number of equity crowdfunding campaigns that are targeting traditionally disadvantaged communities, it is natural to wonder whether equity crowdfunding equalizes access to capital. Specifically, the chapter investigates whether gender, age, ethnicity, and geography affect the choice of equity crowdfunding offerings versus initial public offerings (IPOs) on traditional stock markets and whether these characteristics increase the likelihood of a successful offering. Using 167 equity offerings in Crowdcube and 99 equity offerings on London’s Alternative ...
Get Crowdfunding now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
