Crowdfunding: Disintermediated Investment Banking

@article{Rubinton2011CrowdfundingDI,
  title={Crowdfunding: Disintermediated Investment Banking},
  author={Brian J Rubinton},
  journal={Entrepreneurship \& Law eJournal},
  year={2011}
}
  • Brian J Rubinton
  • Published 11 April 2011
  • Economics, Business
  • Entrepreneurship & Law eJournal
This paper introduces crowdfunding as a concept and model for the evolution of investment banking. Crowdfunding, an application of crowdsourcing, is defined as one party’s attempt to finance a project by offering three types of investment opportunities to potential investors. The investment opportunities are donations, passive investments, and active investments. From this foundation I develop a model in which interdependent agents operate in a dynamic, discrete setting. Potential investors… 
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