In this chapter, we first discuss the characteristics and motivations of the crowd and how they relate to success in crowdfunding.
In the second part of this chapter we continue our discussion on how two typical asymmetric information problems affect the crowd–entrepreneur relationship in the crowdinvesting context.

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Lambert, T, Ralcheva, A.A, & Roosenboom, P.G.J. (2018). The Crowd-Entrepreneur Relationship In Start-Up Financing. In The Economics of Crowdfunding: Startups, Portals and Investor Behavior (pp. 57–78). doi:10.1007/978-3-319-66119-3_4