Author: lucasabia

A chartered marketer (MCIM) with a global MBA, I am currently pursuing a PhD in Entrepreneurship focusing on investor behaviour in the context of equity crowdfunding. Teaching all things digital is part of the journey. I blog on how entrepreneurial finance can foster a more sustainable and inclusive form of economic growth at thisisoliver.co

Kickstarter research found that support for crowdfunding campaigns and the success rate of campaigns is consistent with pre-pandemic metrics. However, the number of live projects on Kickstarter is down about 25% from the same time last year. Meanwhile, the largest equity crowdfunding platform, Wefunder, just reported that investor volume was up 35% from February through April and, in early May, reported a record $2 million of investment on a single day.

Source: Forbes

It has been a difficult quarter for Equity Crowdfunding. There were less deals but the crowd stuck at home during lockdown is responding to the situation and still actively investing in crowdfunding.

Etienne Paresys, commenting on the current state of the UK market which halved its volume from £112 million raised in Q2 2019 to £53 million in Q2 2020.

"Systemic shifts require collective intent - something that is still scarce in business communities across the globe. The COVID-19 pandemic has suddenly changed that, and has created the necessary conditions for collective intent. The human race is at a crossroads, and the choices we make now will define future generations and their way of life." 

WEF

“People around the world are coming up with ideas on how to solve some of the problems and challenges we’ve faced in the last few weeks. For a lot of people, there’s a lot of time on their hands to do research, there’s a lot of thinking time. It is a perfect time to be doing that.”

Luke Lang, co-founder of equity crowdfunding platform Crowdcube, to CNBC