keccers
@keccers.eth
Unpopular opinion: this is not a problem worth addressing You think βoh waaah Joe Schmoe is deprived the ability to be the next Fred Wilson!!!β as if they would have his deal flow Removing accreditation will just fast track Joe Schmo to bankruptcy https://x.com/saraledterman/status/1497745438241296384
23 replies
1 recast
13 reactions
πΏ ππππ
@bias
Isnβt this already how Palmer Lucky became rich? Stealing all the funding from the mom and pop vcβs on Kickstarter then making off with all the bags when bagdaddy Zuck paid him even more for his dumb company? The American households won big on that one
2 replies
0 recast
2 reactions
keccers
@keccers.eth
That is one way you could tell that story!
1 reply
0 recast
0 reaction
Vlad
@kingyam.eth
This is the story I always reference when accredited investor laws are defended. I remember the cope and seethe of his Kickstarter backers when he sold to Zuck. I bet you 99% of that doesnβt happen if they were equity holders.
0 reply
0 recast
0 reaction