<div dir="ltr"><p class="" style="margin-bottom:0.0001pt"><span lang="EN-US" style="font-size:10pt;font-family:Arial,sans-serif;color:rgb(80,0,80)">Investing in Equity-Based
Crowdfunding: Motivational Drivers</span></p>

<p class="" style="margin-bottom:0.0001pt"><span lang="EN-US" style="font-size:10pt;font-family:Arial,sans-serif">Have you ever invested in
equity-based crowdfunding? if yes, Please take 5-6 minutes to fill in my
survey.</span></p>

<p class="" style="margin-bottom:0.0001pt"><span lang="EN-US" style="font-size:10pt;font-family:Arial,sans-serif">I am a master student of
Economics, at university of Turin, and I&#39;m�developing a research project
in order to depict the tipical</span><span lang="EN-US" style="font-size:10pt;font-family:Arial,sans-serif;color:black">features and
motivational drives of investors in�</span><span lang="EN-US" style="font-size:10pt;font-family:Arial,sans-serif">equity-based crowdfunding. The�aim is to provide an outcome which
could be�useful to both platforms and fundraisers, and consequently to the
whole�equity-crowdfunding ecosystem.</span></p>

<p class="" style="margin-bottom:5pt"><span lang="EN-US" style="font-size:10pt;font-family:Arial,sans-serif">The results of this study�will be part of my
master thesis and of a report that will be freely�circulated during the
summer.�Many thanks in advance for your time!�</span></p>

<p class=""><span lang="EN-US"><a href="https://www.surveymonkey.com/s/9N3NVRM">https://www.surveymonkey.com/s/9N3NVRM</a></span></p><div><div dir="ltr">Silvia Casale</div></div>
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