Since 2007, crowdfunding platforms have abounded on the web. It is estimated at 2.5 billion dollars the potential of the crowdfunding market in sub-Saharan Africa by 2025. The objective of this paper is to make an inventory of Crowdfunding activities in Africa, region with a most restrictive...

I look at whether a founder of a successful startup or an employee of a successful startup is valued more as the founders of the next startup. I find that employees, despite taking a lesser risk, are valued better than founders when expressed as the perceived probability of success. We also find...

Entrepreneurship holds a crucial and integral role in achieving internationally agreed sustainable development goals covering a broad range of problems related, but not limited, to decent work, economic growth, and poverty. However, developing countries often lack capital-raising mechanisms and...

We show that the rise of crowdfunding over the past decade fostered entrepreneurship and output growth in the United States. We develop measures of crowdfunding activity at the county level based on all projects successfully funded on Kickstarter (the largest US platform). We find that an...

Startup investors have considerably more misses than hits. We use the power law to model the performance of startup portfolios. With the power law model at hand, we identify the key factors that drive excess returns. We quantify the chance of an outlier in a portfolio of early-stage investments...

Whether proxied by the amount raised or the probability that this amount exceeds the soft cap, the factors driving fundraising success of token offerings have changed considerably over the past four years. Possible factors include target market cap for the token, genuine signals of the venture's...

The Korean economy faces serious difficulties in the global economic recession due to the COVID-19 pandemic (a global pandemic). The government is actively responding to COVID-19, including supporting emergency disaster subsidies for all citizens and promoting a Korean-style New Deal.In order to...