Crowdfunding

Chapter 17

Public policy toward entrepreneurial finance: spillovers and scale-up

Abstract

This chapter puts crowdfunding as part of a broader portfolio of others types of entrepreneurial finance and explains that an appropriate set of regulatory and public policy goals considers regulation not in isolation, but in terms of how there is an interplay between different forms of entrepreneurial finance. That is, research in the area of public policy toward entrepreneurial finance has traditionally been focused on financing gaps, and whether or not government programs successfully address or mitigate those financing gaps. More recently, a growing literature has identified externalities across different forms of entrepreneurial finance. These externalities ...