form of reward (Belleflamme, Lambert, & Schwienbacher, 2013). Through the net, crowdfunding eliminated the need of a classic intermediation characterized by a bank or a stock market and introduced a new way of intermediation between investors and entrepreneurs (Belleflamme, Lambert, & Schwienbacher, 2013). Crowdfunding platforms intermediate between individuals, start-ups or companies on the one hand,…
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