天使众筹联合投资网络结构及动态演变的探索性研究

doi:10.6049/kjjbydc.2020120312

SCIENCE & TECHNOLOGY PROGRESS AND POLICY

2021, Vol. 38

Issue (16): 21-28 DOI: 10.6049/kjjbydc.2020120312

Innovation in Science and Technology Management

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Exploring the Structure and Evolution of Angel Crowdfunding Syndication Network

Li Yaokuang¹,Zhang Huiling^1,2,Ling Li¹

（1.School of Management, Hefei University of Technology; 2.School of Marxism, Hefei University of Technology,Hefei 230009,China）

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Abstract The angel crowdfunding connects business angels and entrepreneurs through internet which is characteristic as open context. The syndicate networks of angel crowdfunding (SNAC) would be different from the syndicate networks of venture capital (SNVC), because the latter form under more rigid context. Based on the mayi angel's syndicate investment data from 2015-2018, this study presents the structural feature and evolution of SNAC. Furthermore, we find SNAC is more cohesive and more open than SNVC. These findings enrich the study of syndicate network and crowdfunding, with providing theory basement for further study of SNAC.

Key words： Angel Crowdfunding Venture Capital Syndication Network Network Structure Network Evolution

Received: 11 December 2020

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Cite this article:

Li Yaokuang,Zhang Huiling,Ling Li. Exploring the Structure and Evolution of Angel Crowdfunding Syndication Network[J]. SCIENCE & TECHNOLOGY PROGRESS AND POLICY, 2021, 38(16): 21-28.

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http://www.kjjb.org/EN/10.6049/kjjbydc.2020120312 OR http://www.kjjb.org/EN/Y2021/V38/I16/21

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