Syndicates cause a shift from crowdfunding startups to crowdfunding lead investors. They provide both the tools and incentives for lead investors to conduct due diligence and monitor post-investment activity and also to leverage their expertise and reputation when connecting with interested...

When a user shares multi-dimensional data about themselves with a firm, the firm learns about the correlations of different dimensions of user data. We incorporate this type of learning into a model of a data market in which a firm acquires data from users with privacy concerns. User data is...