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Unternehmensgründungen und Crowdinvesting

Author

Listed:
  • Löher, Jonas
  • Schell, Sabrina
  • Schneck, Stefan
  • Werner, Arndt
  • Moog, Petra

Abstract

Innovativen Wachstumsunternehmen steht mit dem Crowdinvesting in Deutschland seit 2011 eine neuartige Finanzierungsmethode zur Verfügung. Hierbei versuchen die meist jungen Unternehmen durch einen gezielten öffentlichen Aufruf eine breite Masse privater Investoren anzusprechen. Basierend auf einer umfangreichen Datenbank sowie einer Unternehmensbefragung zeigen wir erste Entwicklungslinien eines im Wachstum begriffenen Marktes auf. Dabei wird deutlich, dass Unternehmer sich im Vorfeld bewusst für das Crowdinvesting entscheiden, obwohl ihnen Alternativen zur Verfügung stehen. Allgemein harmoniert die Finanzierungsform dabei mit etablierten Arten der Frühphasenfinanzierung. Zudem ist festzustellen, dass die Bestandsfestigkeit der Unternehmen zwar oberhalb des Bundesdurchschnitts liegt, die zum Finanzierungszeitpunkt getroffenen Prognosen jedoch verfehlt werden.

Suggested Citation

  • Löher, Jonas & Schell, Sabrina & Schneck, Stefan & Werner, Arndt & Moog, Petra, 2015. "Unternehmensgründungen und Crowdinvesting," IfM-Materialien 241, Institut für Mittelstandsforschung (IfM) Bonn.
    • Handle: RePEc:zbw:ifmmat:241
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Crowdfunding; Crowdinvesting; Unternehmensfinanzierung; Gründungen; Gründungsfinanzierung; equity-based crowdfunding; corporate finance; entrepreneurship;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

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