CROWDFUNDING SYSTEMS: evaluation and government regulation in the conditions of reengineering

Fig 2.7. Amount of funds raised through crowdfunding platforms in France, mln euros, 2011–2017 Note: formed by the authors based on sources (Paes, 2017; ɍɝɨɥɶɤɨɜɚ , Ɏɟɳɭɪ , Ʉɭɡɶɦɿɧ and ɋɤɢɛɿɧɫɶɤɢɣ , 2017) Kisskissbankbank provides its users with interesting statistics: 89% of projects that managed to accumulate 21% of their financial goal achieve success, and 97% of projects that pass the threshold of 41% of their financial goal reach 100% of the required funding (Kisskissbankbank). Every year, the number of projects that reach the initial financial goal increases. So, according to the French crowdfunding platform Kisskissbankbank.com, the percentage of successful crowdfunding projects increased from 34% in 2010 to 70% in 2017 (Fig 2.9). One of the reasons for the growth of the share of successful projects on crowdfunding platform Kisskissbankbank.com is the constant increase in the number of potential contributors. Active discussion of crowdfunding in social networks and mass media contributes to people's awareness of this innovative method and its popularization among potential entrepreneurs ( Ʉɨɱɢɟɜɚ , 2013; Ʉɪɚɫɧɨɦɨɜɟɰɶ , 2016; Ʉɭɰ , 2016; ɉɨɞɨɥɹɤɚ , 2017; Ɍɤɚɱɭɤ , 2016; Ɍɹɝɭɧɨɜɚ et al., 2015; ɒɭɦɚɯɟɪ - ɏɨɞɠ , 2015). 7,9 27 78,3 152 298 629 940 2011 2012 2013 2014 2015 2016 2017 Amount of crowdfunding operations in France Years 67