The　widespread　development　of　digital　technology　facilitates　the　emergence　of　new　entrepreneurial　modes,　of　which　crowdfunding　digital　platforms　are　one.　In　the　digital　environment　of　crowdfunding　platforms,　digital　entrepreneurs　can　obtain　the　essential　resources　necessary　for　their　startups＇　rapid　and　cost-effcient　development.　However,　the　information　asymmetry　derived　from　the　digital　nature　of　crowdfunding　platforms　leads　to　a　lower　chance　of　success　for　entrepreneurial　ventures　in　this　market,　especially　those　in　digital　technology,　limiting　the　important　role　that　crowdfunding　platforms　can　play　in　digital　entrepreneurship.　To　this　end,　we　focus　on　the　risk　disclosure　section　introduced　by　crowdfunding　platforms　to　alleviate　information　asymmetry　and　explore　the　influence　mechanism　of　the　content　of　risk　disclosure　on　entrepreneurial　resource　acquisition　in　crowdfunding　digital　platforms.　By　employing　a　novel　text　mining　technique　structural　topic　modelling,　we　analyse　the　risk　disclosure　texts　of　4,284　digital　technology　crowdfunding　projects　and　successfully　identify　various　factors　that　constrain　the　development　of　digital　technology　ventures　in　crowdfunding　platforms.　Furthermore,　we　find　that　the　risk　topics　digital　entrepreneurs　disclose　negatively　affect　entrepreneurial　resource　acquisition.　However,　this　relationship　is　moderated　by　the　reward　structure　setting　in　the　context　of　reward-based　crowdfunding.　The　findings　of　this　study　not　only　enrich　the　literature　on　crowdfunding　and　digital　entrepreneurship　but　also　provide　valuable　practical　implications　on　how　crowdfunding　digital　platforms　can　be　used　to　promote　the　development　of　digital　entrepreneurship.　©　2024