But some countries are lagging behind.
"Empirical research shows that start-ups that are more innovative tend to attract greater interest from crowd investors (Le Pendeven and Schwienbacher, 2018). This finding contrasts with reward-based crowdfunding, where Chan and Parhankangas (2017) document that the crowd has a preference to support less innovative projects, perhaps because they face a greater risk if they are not able to deliver the promised reward." (Schwienbacher, 2019)
Covid-19: Economic recovery? Relying on banks restricts growth opportunities
On top of traditional entrepreneurial finance channels, entrepreneurs have many other tools at their disposal.
UK: Equity Crowdfunding Continues its Growth As Startup Investing Drops, Study Says
Uncertain future signals a potential negative impact on the willingness of risking large sums of money as crowdfunders confirm to be the major investor type.
UK Equity Crowdfunding in Q3 2018
What Beauhurst’s data reveal and who leads the market.
3 Things Slava Rubin Told On Crowdfunding 3.0
Interviewed by Coin Central, the founder of Indiegogo reflected on how crowdfunding is evolving.
Scaleup Index: Only 4% of UK High-Growth Firms Have a Female Founder
Just 31% have a female executive.
56% of UK Tech Founders Expect to Sell for £50m or Less, Study Confirms
80% want to re-enter the tech ecosystem and support it post-exit.
Crowdfunding Deal Numbers Fell by 18.4% in the UK, research confirms
However, the first half of 2017 saw a record amount invested into high-growth businesses.
British SMEs like it equity
Appetite for equity finance growing in Britain.