Crowdfunding as a New Financing Tool

  • Gaël Leboeuf
  • Armin Schwienbacher


This chapter discusses how crowdfunding fits into the traditional financing cycle of small businesses. It further raises the question as to whether crowdfunding resolves a funding gap, a necessary condition to justify crowdfunding as a viable source of entrepreneurial finance. Finally, the chapter elaborates on the types of entrepreneurial activities and entrepreneurs who are more likely to benefit from crowdfunding.


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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Gaël Leboeuf
    • 1
  • Armin Schwienbacher
    • 2
  1. 1.Univ Lyon, Université Lumière Lyon2, Coactis EA4161LyonFrance
  2. 2.Department of Finance and AccountingSKEMA Business SchoolEuralilleFrance

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