Crowdfunding: Disintermediated Investment Banking
@article{Rubinton2011CrowdfundingDI, title={Crowdfunding: Disintermediated Investment Banking}, author={Brian J Rubinton}, journal={Entrepreneurship \& Law eJournal}, year={2011} }
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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