{"id":"W2973337390","doi":"10.3386/w26275","title":"Be Careful What You Ask For: Fundraising Strategies in Equity Crowdfunding","year":2019,"lang":"en","type":"report","venue":"National Bureau of Economic Research","topic":"FinTech, Crowdfunding, Digital Finance","field":"Business, Management and Accounting","cited_by":13,"is_retracted":false,"has_abstract":true,"ca_institutions":"HEC Montréal","funders":"","keywords":"Equity crowdfunding; Ask price; Equity (law); Business; Marketing; Seed money; Advertising; Finance; Public relations; Political science; Law","routes":{"ca_aff":true,"ca_fund":false,"ca_venue":false,"about_ca":false,"invisible_to_affiliation_only":false},"retraction":null,"screen":null,"direct_labels":[],"prediction":{"model_version":"metacan-v3-hybrid-931329e0061c","candidate_categories":[],"consensus_categories":[],"category_scores_codex":[0.003275037,0.0002440447,0.000284194,0.00173724,0.0005968132,0.002008661,0.0004843084,0.0006882272,0.00369466],"category_scores_gemma":[0.02000288,0.0001566942,0.0001989039,0.002287135,0.0006160402,0.001485492,0.001333561,0.0008769066,0.000833563],"about_ca_system_candidate":false,"about_ca_system_consensus":false,"about_ca_system_score_codex":0.001537289,"about_ca_system_score_gemma":0.001011233,"about_ca_topic_candidate":false,"about_ca_topic_consensus":false,"about_ca_topic_score_codex":0.02966849,"about_ca_topic_score_gemma":0.03674148,"domain_scores_codex":[0.9977489,0.0008457215,0.0001275721,0.000317456,0.0004986551,0.0004616998],"domain_scores_gemma":[0.9569201,0.02263641,0.01570622,0.001015173,0.001741153,0.001980899],"domain_codex":null,"domain_gemma":null,"domain_candidate":null,"domain_consensus":null,"study_design_codex":"observational","study_design_gemma":"observational","study_design_scores_codex":[0.0002991071,0.0004389872,0.9218894,0.000101453,0.00004995093,0.0002502807,0.002969815,0.002782971,0.0002712919,0.004738243,0.01453971,0.0516689],"study_design_scores_gemma":[0.00004265608,0.000192698,0.9482883,0.0001870062,0.00006943325,0.0001492934,0.01009785,0.005997079,0.001028979,0.005148022,0.02875307,0.00004562889],"study_design_candidate":"observational","study_design_consensus":"observational","genre_codex":"empirical","genre_gemma":"empirical","genre_scores_codex":[0.9751002,0.0007026594,0.0007110595,0.001499258,0.0000219312,0.00008568573,0.0055796,0.0000321221,0.01626742],"genre_scores_gemma":[0.9937845,0.0001824778,0.0004670248,0.0001179799,0.00003040633,0.00007504898,0.002279587,0.000008485243,0.003054436],"genre_candidate":"empirical","genre_consensus":"empirical","teacher_disagreement_score":0.02966849,"threshold_uncertainty_score":0.05899155,"prediction_status":"machine_predicted_unvalidated"},"machine_scores":{"provisional":true,"baseline":true,"maturity_gate_passed":false,"score_opus":0.4900200071928663,"score_gpt":0.5244325502869734,"score_spread":0.03441254309410718,"validation_status":"score_only:v0-immature-baseline","note":"Baseline scores from an immature model (maturity gate not passed). Scores rank; they never assert a category."}}