Crowdfunding and crypto funds are a new vector in developing venture financing mechanism

The article discusses the organizational forms of venture financing, including the use of Internet technologies (crowdfunding, crypto fund and ICO). The results of the analysis of the main disadvantages and advantages of venture financing of innovations by business angels, venture funds, also through crowdfunding and ICO are presented. Provides regulatory restrictions for crowdfunding platforms used in EU countries. Identification of the main barriers to the development of collective forms of venture capital investment through crowdfunding in the Republic of Belarus and practical recommendations for its development