keccers on Warpcast

keccers pfp

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 pfp

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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slobo pfp

strong disagree 1. casinos 2. lotteries 3. option trading 4. penny stocks 5. meme stocks plus accredited is shibboleth of class

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kenny 🎩 pfp

is there any statistical data backing up the idea that people who are accredited make better investments than those who are not?

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✳️ dcposch on daimo pfp

✳️ dcposch on daimo

this is a wild stat, if you flip it around. 10% of Americans--about 30 million people--are millionaires or have a family income over $300k. mass affluence

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🗿 𝒃𝒊𝒂𝒔 pfp

🗿 𝒃𝒊𝒂𝒔

Isn’t this already how Palmer Lucky became rich? Stealing all the funding from the mom and pop vc’s 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

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dimalaba.eth pfp

Should it be knowledge test instead? It’s already relatively simple to go bankrupt with other investments

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polynya pfp

If anything, crypto has reinforced the need for investor accreditation. The mechanisms need to be improved significantly, for sure, but we can do better than >90% of regular folks losing money for the benefit of <1% degens

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m00npapi🎩q/dau pfp

m00npapi🎩q/dau

I get what you’re saying - and at the risk of performing what aboutism - id point out that payday/predatory loans are rampant, credit card apr is 20+% etc, and are real legal pathways towards bankruptcy except there’s not really any upside Let the people gamble if they want to

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Joe Toledano pfp

Idk, imo retail investors shouldn't be locked out of (legit) high-quality investment opportunities by the government. If a firm/fund wants a minimum check size to simplify operations, that's a different story. The risk argument is silly to me if short dated out of the money options are already fair game.

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Keeks pfp

Anecdotally, visiting countries with more scams seem to inoculate the populace. So arguably exposing people to more opportunities to lose money will lead to a more wary populace. Exposure to more potentially bad deals will likely socialize all the tells that tech Twitter has accumulated on bad investments

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notdevin pfp

Risk is the crux of it all. Should I be able to take my own risks or not? Yes. But does my risk impact others and in what way? Depends. The systemic answer has been accreditation, but it’s inadequate as is wide open options because of collateral damage that can occur. Have a dentist as an investor once and its clear

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dawufi pfp

I think it's a fast track to education personally and way better than Vegas

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welp 🎩🌸 pfp

THIS IS AMERICA WE SHOULD NOT STOP UNTIL WE HAVE THE FREEDOM TO INVEST IN ANYTHING AND ALSO DO MURDERS

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links 🏴 pfp

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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Suji Yan pfp

Most VC have poor return compare to S&P or BTC

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Mantej Rajpal 🇺🇸 pfp

Mantej Rajpal 🇺🇸

Worth noting we don’t require accreditation to buy lottery tickets—which have much lower EV than angel investments 🙃

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kbc pfp

And here I am in Europe not even getting a credit card I only plan to use in emergencies because I’m a high-risk category

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shazow pfp

You've already gotten lots of great responses but one more not mentioned: it's not about deal flow for 1:1 investments, but rather about the ability to become an LP in larger funds. There are lots of advantageous vehicles that are comparatively safer (than casinos or even stonks) but require accredited status.

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Caden pfp

i think accreditation restrictions are bad, AND i don't think the problem is worth addressing. i think a different economy with different norms emerges without accreditation, likely with a more educated and risk-aware populace, rather than simply exposing more people to unregulated risk.

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