Motivation: Crowdfunding (CF) is a method of raising money for projects and enterprises by online platforms. Since 2003 it is expanding and becoming a natural method of pre-financing for start-ups before reaching out to investors. The estimations gave the picture of fundraising worldwide at the level of 35 bln USD via CF platforms in 2015. Nevertheless, this method does not progress equally worldwide and it is essential to find what results in the difference in CF development among the countries. Aim: The aim of the article is to examine the relation between: (1) the welfare of countries, (2) structure of population and (3) structure of the population on crowdfunding development. Estonia has the youngest structure of population. Although there are not many inhabitants and the GDP per capita is average, the country has the most willing online crowd investors.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.