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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Jonny Mack
@nonlinear.eth
oof. katherine, no. if the US had better accreditation laws it would completely change the concept of "deal flow" as we currently know it. mid-market capital investment is a trillion with a T dollar industry. there's an enormous gap between vc and s&p 500 that most retail is forbidden from touching
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keccers
@keccers.eth
I would be down for expanding accreditation with additional types of competency tests, and allowing 401ks to have exposure to vc. I dislike the idea of a free for all Everyone here is the perfect slice of pop to be aggrieved—super smart, prob worthy of accreditation, but may not have. But an overall minority
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_slow_crypto 🌅⏳🪁
@slowcrypto
Does it count that I had to pass a test on Kraken to continue using them in January b/c UK regulators? Totally accredited now.
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Jonny Mack
@nonlinear.eth
🤝
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Claus Wilke
@clauswilke
A wealth-based accreditation test (current status quo) is a terrible idea. There are plenty of smart investors who don't have enough money to qualify and also plenty of rich people who don't know what they're doing. Make it knowledge-based and I think we can all agree it's fine to retain the concept of accreditation.
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