Miguel, António José Sequeira Vila LobosCisneros, Fabian Andres Peña2024-10-082024-10-082023-06-012023-06-01http://hdl.handle.net/10362/173152Revenue-based finance (RBF) is becoming increasingly popular among founders as an alternative to equity financing since a major advantage of the RBF is the dilution avoidance. In consequence, this thesis explores the impact of revenue-based financing on the entrepreneurship ecosystem highlighting the pros and cons of the quasi-equity instrument from the perspective of entrepreneurs as well as investors. It is ultimately intended to determine whether RBF has the potential to promote a more diverse, inclusive, and sustainable entrepreneurial ecosystem. The results of this study will contribute to the existing literature on alternative funding models for entrepreneurs.engRevenue-based financingEntrepreneurshipEntrepreneurial financeVenture capitalImpact investmentsmaster thesis203365836