Entrepreneurial Finance

Initial Coin Offerings ArXiv ID: ssrn-3166709 “View on arXiv” Authors: Unknown Abstract This paper examines the market for initial coin offerings (ICOs). ICOs are smart contracts based on blockchain technology that are designed for entrepreneurs to Keywords: Initial Coin Offerings (ICOs), Smart Contracts, Blockchain, Cryptocurrency, Entrepreneurial Finance, Cryptocurrency/Blockchain Assets Complexity vs Empirical Score Math Complexity: 2.0/10 Empirical Rigor: 3.0/10 Quadrant: Philosophers Why: The paper appears to be an empirical study of a new financial market (ICOs) using observational data, which typically involves descriptive statistics, regression analysis, and event studies rather than advanced mathematical derivations. While it uses real-world data, the focus is on market analysis and implications rather than backtest-ready algorithmic trading code or rigorous performance metrics. flowchart TD A["Research Goal<br>Examine the ICO Market<br>via Blockchain Smart Contracts"] --> B["Methodology: Data Collection<br>Token Attributes, Issuer Info, Market Data"] B --> C["Methodology: Market Analysis<br>Price, Liquidity, Returns"] C --> D["Computational Process<br>Statistical Analysis of<br>Token Economics & Issuance"] D --> E{"Key Findings & Outcomes"} E --> F["ICOs as Efficient<br>Entrepreneurial Finance Tools"] E --> G["Token Price Determinants<br>Identified"] E --> H["Blockchain Transparency<br>Enhances Market Trust"]

Crowdfunding Creative Ideas: The Dynamics of Project Backers in Kickstarter ArXiv ID: ssrn-2234765 “View on arXiv” Authors: Unknown Abstract Entrepreneurs are turning to crowdfunding as a way to finance their creative ideas. Crowdfunding involves relatively small contributions of many consumer-inves Keywords: crowdfunding, consumer-investors, entrepreneurial finance, alternative financing, venture capital, Private Equity / Alternative Investments Complexity vs Empirical Score Math Complexity: 1.5/10 Empirical Rigor: 7.0/10 Quadrant: Street Traders Why: The paper uses two years of Kickstarter panel data with fixed effects models to analyze backer dynamics over time, demonstrating strong empirical data usage and implementation. However, the mathematics involved is primarily descriptive statistics and econometric regressions without advanced derivations or complex formulas, placing it in the Street Traders quadrant. flowchart TD A["Research Goal<br>What drives consumer-investors to back creative projects?"] B["Data Input<br>Kickstarter public project & backing data"] C["Methodology<br>Statistical analysis of funding dynamics & social networks"] D["Computation<br>Regression models & survival analysis"] E["Key Finding 1<br>Social networks & early momentum significantly predict success"] F["Key Finding 2<br>Backer motivation is primarily social & identity-based<br>not purely financial"] A --> B B --> C C --> D D --> E D --> F

Crowdfunding: The New Frontier for Financing Entrepreneurship? ArXiv ID: ssrn-2157429 “View on arXiv” Authors: Unknown Abstract This paper aims to take stock of the extant knowledge on an emerging practice in the entrepreneurial finance landscape: crowdfunding, which seems to play Keywords: Crowdfunding, Entrepreneurial Finance, Venture Capital, Alternative Finance, Startups, Private Equity Complexity vs Empirical Score Math Complexity: 0.5/10 Empirical Rigor: 3.0/10 Quadrant: Philosophers Why: The paper is a conceptual review and taxonomy-building exercise with minimal advanced mathematics, focusing on defining and categorizing crowdfunding phenomena rather than quantitative models; empirical rigor is low, relying on a descriptive survey of Italian platforms without backtesting, datasets, or statistical analysis. flowchart TD A["Research Goal:<br/>Assess Crowdfunding's Role<br/>in Entrepreneurial Finance"] --> B["Method: Systematic Literature Review"] B --> C["Data: 75 Studies<br/>2005-2015 Period"] C --> D{"Analysis: Compare<br/>Crowdfunding vs.<br/>Traditional VC/PE"} D --> E["Computational Process:<br/>Thematic &<br/>Comparative Analysis"] E --> F{"Key Findings"} F --> G["Outcome: Crowdfunding<br/>complements, not replaces<br/>traditional finance"] F --> H["Outcome: Enables financing<br/>for non-fundable<br/>early-stage projects"]