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| Type | Bachelor's Thesis |
| Scope | Discipline-based scholarship |
| Title | Do equity-based crowdfunding platforms offer a better source of early-stage financing for sustainable startups in comparison to venture capital funds? |
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| Institution | University of Zurich |
| Faculty | Faculty of Business, Economics and Informatics |
| Date | 2021 |
| Abstract Text | Startups with products and services aiming to reduce the environmental impact of modern society play a vital role in tackling climate change. However, an efficient allocation of funds is needed to bridge the early-stage funding gap these innovative startups face. Traditionally, venture capital has taken on that job, but with the rise of equity-based crowdfunding and the need for environmentally conscious decision making, the validity of this role has been put into question. This thesis explores whether equity-based crowdfunding could provide a better alternative for sourcing early funding. By leading qualitative interviews with founders of such innovative startups, valuable insight is gained into their experience raising funds for startups with environmental sustainability driven purposes. The results indicate that there are two areas founders should focus on when determining the value of running an equity-based crowdfunding campaign. One being a selection of criteria, such as the experience of the founder or whether the product is mass consumer oriented. The other being the aspects of crowdfunding, like the effect hundreds of crowdinvestors have on the shareholder structure, that in turn may have adverse effects on future funding opportunities. This suggests that founders need to critically analyze their startup and weigh the potential adverse effects that follow a crowdfunding campaign before deciding which funding route to take. |
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