Sample descriptive statistics
| Variables (measure) | Minimum | Quarter I | Median | Mean | Quarter III | Maximum |
|---|---|---|---|---|---|---|
| Dependent variables | ||||||
| Capital raised (€) | 0 | 53,092 | 131,105 | 175,839 | 238,500 | 1,250,000 |
| Relative success (percent) | 0 | 67 | 142 | 1,168 | 238,500 | 114,110 |
| Success (binary) | 0 | 0 | 1 | 0.730 | 1 | 1 |
| Platform features | ||||||
| Size (count) | 2 | 12 | 21 | 22 | 25 | 49 |
| Variety (index, 0 to 100) | 10 | 50 | 70 | 60 | 70 | 80 |
| Balance (index, 0 to 100) | 0 | 59 | 75 | 68 | 83 | 84 |
| Track record (count) | 1 | 8 | 17 | 20 | 30 | 56 |
| Issuer features | ||||||
| Geographical distance (km) | 0 | 50 | 171 | 299 | 434 | 1,570 |
| Shareholders (count) | 1 | 3 | 4 | 11 | 8 | 167 |
| Board members (count) | 1 | 1 | 2 | 2 | 3 | 7 |
| Industrial shareholders (binary) | 0 | 0 | 1 | 0.712 | 1 | 1 |
| Campaign features | ||||||
| Business angels (binary) | 0 | 0 | 1 | 0.528 | 1 | 1 |
| Prize for subscription (binary) | 0 | 1 | 1 | 0.854 | 1 | 1 |
| Equity retention (percent) | 0 | 3 | 7 | 20 | 17 | 384 |
| Fork width (percent) | 0 | 50 | 60 | 56 | 73 | 100 |
| Maximum target (€) | 45,000 | 150,000 | 300,000 | 338,055 | 400,000 | 4,500,000 |
| Minimum investment (€) | 96 | 250 | 450 | 711 | 500 | 19,999 |
| Share premium (€) | 0 | 0 | 0 | 0.5 | 0 | 19 |
| Take-it-all (binary) | 0 | 0 | 0 | 0.094 | 0 | 1 |
| Variables (measure) | Minimum | Quarter I | Median | Mean | Quarter III | Maximum |
|---|---|---|---|---|---|---|
| Capital raised (€) | 0 | 53,092 | 131,105 | 175,839 | 238,500 | 1,250,000 |
| Relative success (percent) | 0 | 67 | 142 | 1,168 | 238,500 | 114,110 |
| Success (binary) | 0 | 0 | 1 | 0.730 | 1 | 1 |
| Size (count) | 2 | 12 | 21 | 22 | 25 | 49 |
| Variety (index, 0 to 100) | 10 | 50 | 70 | 60 | 70 | 80 |
| Balance (index, 0 to 100) | 0 | 59 | 75 | 68 | 83 | 84 |
| Track record (count) | 1 | 8 | 17 | 20 | 30 | 56 |
| Geographical distance (km) | 0 | 50 | 171 | 299 | 434 | 1,570 |
| Shareholders (count) | 1 | 3 | 4 | 11 | 8 | 167 |
| Board members (count) | 1 | 1 | 2 | 2 | 3 | 7 |
| Industrial shareholders (binary) | 0 | 0 | 1 | 0.712 | 1 | 1 |
| Business angels (binary) | 0 | 0 | 1 | 0.528 | 1 | 1 |
| Prize for subscription (binary) | 0 | 1 | 1 | 0.854 | 1 | 1 |
| Equity retention (percent) | 0 | 3 | 7 | 20 | 17 | 384 |
| Fork width (percent) | 0 | 50 | 60 | 56 | 73 | 100 |
| Maximum target (€) | 45,000 | 150,000 | 300,000 | 338,055 | 400,000 | 4,500,000 |
| Minimum investment (€) | 96 | 250 | 450 | 711 | 500 | 19,999 |
| Share premium (€) | 0 | 0 | 0 | 0.5 | 0 | 19 |
| Take-it-all (binary) | 0 | 0 | 0 | 0.094 | 0 | 1 |
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