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Financial Innovation

Table 5 Overview on failures and censored data by years since the start of the campaign

From: Signals in equity-based crowdfunding and risk of failure

Year since start of campaign (y)

# startups that survived until the start of y

# failures in y

Percentage of failed startups in y

# failures until the end of y

# censored startups in y

# censored startups until the end of y

1

88

2

2.27

2

0

0

2

86

12

13.95

14

2

2

3

72

11

15.28

25

13

15

4

48

4

8.33

29

7

22

5

37

5

13.51

34

11

33

6

21

2

9.52

36

4

37

7

15

2

13.33

38

4

41

  1. The first column contains the number of years since the start of the crowdfunding campaign. The third column shows the number of failures in year y, implying that two startups failed during the first year after the start of their campaign. In the next column, the ratio of these failures to the number of startups (column 2) is given. Column 5 contains the aggregated number of failures until the end of y. Censored startups during each year are given in column six. The last column presents the aggregated number of censored startups until the end of y
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