The relevance of investor rights in crowdinvesting
Abstract
A common assumption is that entrepreneurs retain more control of their venture when opting for crowdinvesting rather than venture capital. In this article, we investigate the relevance of cash-flow, control, and exit rights awarded to crowd investors in Germany, where more flexible contracts are offered than in many other jurisdictions. In Germany, many of the rights used in venture capital investment contracts are also prevalent in...
Paper Details
Title
The relevance of investor rights in crowdinvesting
Published Date
Dec 1, 2022
Journal
Volume
77
Pages
101927 - 101927
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