keccers
@keccers.eth
Unpopular opinion: this is not a problem worth addressing You think “oh waaah Joe Schmoe is deprived the ability to be the next Fred Wilson!!!” as if they would have his deal flow Removing accreditation will just fast track Joe Schmo to bankruptcy https://x.com/saraledterman/status/1497745438241296384
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links 🏴
@links
I don’t agree. I understand why the laws exist, but it ultimately gives people with money an advantage over those without. The definition of accredited investor basically means one has money (not that they are good at investing). Their $ already gives them an advantage, why should it also lock others out of deals?
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Dan Romero
@artlu
an alt argument (in agreement with OP): broad regulated common stock ownership is useful to society. but pre-ipo enterprises should have fewer costly rules than listed cos. simple, low cost enforceable and fair enough rule: accredited access if rich OR licensed (don't have to be rich if you passed a test)
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