In crowdfunding, start-ups can voluntarily communicate with their investors by posting updates. We investigate whether start-ups strategically use updates, which were previously shown to increase investments. To this end, we use hand-collected data of 751 updates and 39,036 investment decisions from the two major German equity crowdfunding portals Seedmatch and Companisto. We find evidence for strategic communication behavior of startups during an equity crowdfunding campaign. During the funding period, start-ups post updates with linguistic devices that enhance the group identity and the group cohesion. Furthermore, the probability of an update during the funding period increases with a strong competition of other contemporary crowdfunding...
This study investigates the temporal dynamics of herding behavior in equity crowdfunding, and especi...
Equity crowdfunding platforms are at the center of the digital transformation of early-stage venture...
Reward-based crowdfunding not only provides finance to entrepreneurs but also generates valuable inf...
In crowdfunding, start-ups can voluntarily communicate with their investors by posting updates. We i...
Start-ups often post updates during equity crowdfunding campaigns. Yet, little is known about the ef...
textabstractStart-ups often post updates during equity crowdfunding campaigns. However, little is kn...
Equity crowdfunding is a new form of entrepreneurial finance, in which investors do not receive perk...
Drawing on signaling theory, this study provides preliminary evidence that prior financing certifies...
Abstract This study investigates signal validity in equity-based crowdfunding by examining whether s...
Start-ups are increasingly using equity crowdfunding to raise necessary funding at an early stage. I...
The current thesis explores a relatively new academic topic – equity-based crowdfunding. The purpose...
This paper presents an empirical examination of which start-up signals will small investors to commi...
Based on 26,883 investment decisions, we examine the influence of social media marketing on crowd pa...
Investor background can have major implications for decision-making processes in start-up financing....
The equity crowdfunding industry has grown significantly in the past decade. Industry life cycle the...
This study investigates the temporal dynamics of herding behavior in equity crowdfunding, and especi...
Equity crowdfunding platforms are at the center of the digital transformation of early-stage venture...
Reward-based crowdfunding not only provides finance to entrepreneurs but also generates valuable inf...
In crowdfunding, start-ups can voluntarily communicate with their investors by posting updates. We i...
Start-ups often post updates during equity crowdfunding campaigns. Yet, little is known about the ef...
textabstractStart-ups often post updates during equity crowdfunding campaigns. However, little is kn...
Equity crowdfunding is a new form of entrepreneurial finance, in which investors do not receive perk...
Drawing on signaling theory, this study provides preliminary evidence that prior financing certifies...
Abstract This study investigates signal validity in equity-based crowdfunding by examining whether s...
Start-ups are increasingly using equity crowdfunding to raise necessary funding at an early stage. I...
The current thesis explores a relatively new academic topic – equity-based crowdfunding. The purpose...
This paper presents an empirical examination of which start-up signals will small investors to commi...
Based on 26,883 investment decisions, we examine the influence of social media marketing on crowd pa...
Investor background can have major implications for decision-making processes in start-up financing....
The equity crowdfunding industry has grown significantly in the past decade. Industry life cycle the...
This study investigates the temporal dynamics of herding behavior in equity crowdfunding, and especi...
Equity crowdfunding platforms are at the center of the digital transformation of early-stage venture...
Reward-based crowdfunding not only provides finance to entrepreneurs but also generates valuable inf...