With an era of start-up boom in the 21st century, raising money
is the main concern while launching a product or services. While
family or friends round investment stage, start-up accelerators and
incubation centers may help, it is not always easy to get into
these programs. Online crowdfunding, on the other hand, first
appeared in 1997, in the Artishare project, appears to be an
alternative financing method for mainly start-ups looking for
financing from the crowd1 and it is an alternative
financing options for entrepreneurs.
While these developments occurred around the globe, crowdfunding
regulation has been recently enacted in Turkey. While
donation-based crowdfunding has been carried out by Turkish
platforms for years and there have been a regulation as to
equity-based crowdfunding in Turkey with the Communiqué on
Equity based Crowdfunding numbered (III – 35/A.1) dated 3
October 20192 new regulation as to the Communiqué
on Crowdfunding numbered III-35/A.2 (the
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