Crowdfunding

Abstract

In the wake of the global economic crisis, crowdfunding has become an increasingly significant alternative form of financing. Of the various business models that have evolved during recent years, this study focuses on equity, credit, reward and donation-based models. The investor/supporter motivations of crowdfunders are different from the objectives of traditional financiers. Besides the benefits of crowdfunding, its risks should be also mentioned as they will shape the future development of this particular financial innovation.