Some initial observations on the geography of the supply of equity crowdfunding

Rostamkalaei, Anoosheh and Freel, Mark (2023) Some initial observations on the geography of the supply of equity crowdfunding. Venture Capital, 25 (1). pp. 65-90. ISSN 1369-1066

Abstract

Enthusiasm for crowdfunding’s ability to fill gaps in the provision of entrepreneurial finance continues among academics, policymakers and practitioners. In this, increasing attention has been paid to the geography of crowdfunding. This work has provided important evidence on various spatial influences on the location of platforms and campaigns and on their eventual success. In this paper, we take a rare look at the geography of the supply of crowdfunds. Specifically, our concern is with equity crowdfunding. Drawing on a hand collected data set, combining data on investments and on investors’ locations, we explore spatial influences on the extent of crowdfunding investment beyond commonly explored issues of distance.