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Date of Award

Spring 2016

Degree Name

Bachelor of Arts



First Advisor

Gerald Gunderson


Traditionally, access to funding for startups is limited to bank loans, venture capitalists, or friends and family. With the recent passing of the JOBS Act, more startups will have access to the wealth of the crowd through equity crowdfunding. Relaxing the restrictions for investors to get involved in equity crowdfunding is sure to have significant impacts on the United States economy. Now investors will be able to fully participate in the riskiness of funding a startup. This paper will predict how equity crowdfunding may look in the United States. While crowdfunding is still a relatively new phenomenon, there is limited batches of data that can be used to investigate the nature of crowdfunding. In addition, the Securities Exchange Commission has established clear limitations to the total amount of investing that an individual can partake in. Also, by interpreting the Resourceful, Evaluative Maximizing Model (REMM) there can be conclusions drawn about how individuals will behave given the certain constraints. Taking all of this into consideration, a conceptual framework can be built that examines how individuals, entrepreneurs, and platforms will interact in the equity crowdfunding market


Senior thesis completed at Trinity College, Hartford, Connecticut for the degree of Bachelor of Arts in Economics. Full text access is limited to the campus community.