This post does not expose the fact that all of the companies analyzed in this study were crowdfunded. It seems like they didn't look at the current most succes

This post does not expose the fact that all of the companies analyzed in this study were crowdfunded. It seems like they didn't look at the current most successful companies founding history. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3107898 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3107898