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

Marinko Skare, Beata Gavurova and Volodymyr Polishchuk

Journal of Business Research, 2023, vol. 158, issue C

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.

Keywords: Start-up project; Venture fund; Crowdfunding platform; Intellectual analysis of knowledge; Fuzzy sets (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:158:y:2023:i:c:s0148296323000772

DOI: 10.1016/j.jbusres.2023.113719

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