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A decision-making support model for financing start-up projects by venture capital funds on a crowdfunding platform

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  • Skare, Marinko
  • Gavurova, Beata
  • Polishchuk, Volodymyr

Abstract

The main goal of this study is to develop a comprehensive decision support model for financing start-up projects by venture capital funds on a crowd-investment platform. The model is aimed at supporting decision-making processes by venture capital funds regarding the financing of expensive start-up projects on crowdfunding platforms. The decision support model will prevent biased conclusions of crowdfunding platform experts regarding the evaluation of start-up projects, and venture capital funds will be able to manage the decision support process at all stages of evaluation. The research results were verified and tested using the example of evaluating a real start-up project to make a decision on its financing by a venture capital fund. The study outcomes may be beneficial for all sides of the explored fields – from regulatory authorities through traditional investors to start-up initiatives – to carry out investment activities and to develop optimal strategies.

Suggested Citation

  • Skare, Marinko & Gavurova, Beata & Polishchuk, Volodymyr, 2023. "A decision-making support model for financing start-up projects by venture capital funds on a crowdfunding platform," Journal of Business Research, Elsevier, vol. 158(C).
    • Handle: RePEc:eee:jbrese:v:158:y:2023:i:c:s0148296323000772
    DOI: 10.1016/j.jbusres.2023.113719
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