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

Fig 2.16. Reasons for not participating in crowdfunding on crowdfunding platforms Note: formed by the authors based on the results According to the results of processing the received data of the survey, we can state the fact that most people know about the most popular crowdfunding platforms in the world — Kickstarter (63% of respondents), Indiegogo (55% of respondents) and the Ukrainian one — Ukrainian philanthropic marketplace — 51% of respondents. The survey also found out the respondents' opinion on the complexity of creating and hosting a crowdfunding project (Fig 2.18) Thus, about 75% of respondents indicated that, in their opinion, the process of creating and hosting a crowdfunding project is complex and long-lasting, and only 3% of respondents can say the opposite. 22% indicated that the process should not be more complicated than raising funds using other traditional and non-traditional methods of financing. Respondents were also surveyed for confidence in crowdfunding technologies (Fig 2.19). The overall level of confidence in crowdfunding technologies among the existing sample of respondents is 51%, which reflects the prospects for the development of crowdfunding in Ukraine and the readiness of the population to new financial instruments to attract funds. 0% 10% 20% 30% 40% 50% 60% 70% Distrust in Ukrainian crowdfunding platforms Lack of information about crowdfunding platforms Complexity of crowdfunding platforms Lack of appropriate legislative regulation in Ukraine Distrust in Ukrainian authors of crowdfunding projects Lack of financial resources 83