Why do startups pursue initial coin offerings (ICOs)? The role of economic drivers and social identity on funding choice
Abstract
Initial coin offerings (ICOs) are a novel form of funding that has driven billions of dollars into the blockchain ecosystem, potentially challenging traditional funding vehicles such as business angel or venture capital investments. However, little is known of entrepreneurs’ rationales for leveraging this emerging form of financing. This article investigates the economic and behavioral factors that motivate entrepreneurs to fund their startup...
Paper Details
Title
Why do startups pursue initial coin offerings (ICOs)? The role of economic drivers and social identity on funding choice
Published Date
May 4, 2020
Journal
Volume
57
Issue
2
Pages
1027 - 1052
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