ISBN-13: 9783668869486 / Angielski / Miękka / 2019 / 96 str.
Academic Paper from the year 2018 in the subject Business economics - Controlling, , language: English, abstract: The aim of the present study is to systematically analyse the market for crowd investing in Germany, which is in the process of development. In this context, crowd investing should be seen as an innovative complement to venture capital. A further goal of the work is thus the discussion with financing by venture capital. This ensures that the investigation of crowd-investing is carried out and classified against a macroeconomic background.Accordingly, the work is structured as follows: First, a systemtematic analysis of the forms of financing venture capital and private equity, or the German venture and equity capital market, is carried out. Beginning with an introductory definition and differentiation of venture capital from private equity, the investigation then extends to the players involved in the market and the overall economic significance of venture capital and equity capital. Furthermore, the financing phases and the financing process as well as the legal and tax framework will be analysed. The next chapter is devoted to the analysis of the current environment and the current situation in private equity and in particular in the venture capital sector. In particular, the German venture capital market is evaluated and assessed on the basis of statistical measures. One focus of the work is the investigation of the novel instrument crowd investing carried out in Chapter 8. First, the general functioning of crowd investing is explained. Then the currently active crowd investment platforms in the market, on which the entire investment process takes place, will be compared with regard to regulations, activities and transacted transactions. Furthermore, it will be determined for which companies crowd investing is a suitable alternative and how the development chances of the market can be estimated. A comparison of the financing forms venture capital and crowd investing is the subject of the tenth chapter.At the end the following questions will be answered: What is the current situation of the German venture capital market? What problems can arise with venture capital financing? How does crowd investing work? What is the current legal and market situation like? For which companies is crowd investing an alternative to venture capital, if it is one at all? What is the potential of crowd investing and can it be classified as an innovative complement to venture capital?