Joint research unit 7235

Crowd-Based Feedback and Early-Stage Entrepreneurial Performance: Evidence from a Digital Platform

Speaker :Aurélien Quignon (Université du Luxembourg)

Rapporteur : Bastien Lextrait

Résumé : The ability to identify early-stage venture potential, which has traditionally relied on experts, is challenging because new ideas are uncertain. However, judgment from a large number of evaluators can effectively identify promising ventures. This paper empirically studies whether crowd-based information generates informative feedback for entrepreneurs and seed investors. Using data on 701 early-stage founders of new ventures examined by 2,600 evaluators, I estimated the effects of crowd-based ratings on survival and securing seed funds. I find that the crowd rating was uncorrelated with subsequent financing events from seed investors but increased a venture’s probability of continuation by 3.1 percentage points. This effect became stronger as the number of evaluators increased. This finding highlights that a judgment aggregation offers information for nascent venture founders.

 

AGENDA

Thursday 30 November 2023

Colloques et Workshops

Workshop on gender issues and development

Thursday 30 November 2023

Household heterogeneity in macroeconomic models: A historical perspective

Aurélien SAÏDI

Household heterogeneity in macroeconomic models: A historical perspective

Thursday 30 November 2023

Lunch

Aurélien SAÏDI

Household heterogeneity in macroeconomic models: A historical perspective

Thursday 30 November 2023

Valuing climate change costs in presence of climate-induced land use changes

François Bareille (INRAe/PSAE)

Salle 614B de 11h – 12h

Valuing climate change costs in presence of climate-induced land use changes

Thursday 30 November 2023

Développement Durable Environnement et Energie (DDEE)

François Bareille (INRAe/PSAE)

Salle 614B de 11h – 12h

Valuing climate change costs in presence of climate-induced land use changes

Tuesday 5 December 2023

Recherche et Economie et Socioéconomie Politique, des Institutions et des Régulations (RESPIR)

Clément Fontan (UC Louvain)

The ECB and the inflation monsters: strategic framing and the responsibility imperative (1998-2023)

Tuesday 5 December 2023

The ECB and the inflation monsters: strategic framing and the responsibility imperative (1998-2023)

Clément Fontan (UC Louvain)

The ECB and the inflation monsters: strategic framing and the responsibility imperative (1998-2023)

Thursday 7 December 2023

Groupe de travail Economie Comportementale

Vincent Lenglin (Université Catholique de Lille)

TBA

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