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

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

The Farcaster formerly known as Kchamp. Books, beats, bodybuilding, bright ideas and beautiful things.

katherinechampagne.com 

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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Losing a lot of money is like getting very sick: once you or a family member with a thinner margin for error get knocked out, that becomes a familial/inter generational fear.

Attributing shame to bad investments is  antithetical to what got the US where it is (that’s why US bankruptcy isn’t a death sentence)

Or it normalises loosing money. Hence ppl spent less time researching na opportunity as it loosing money wouldn’t harm their reputation. Just bank account

It’s like saying “catching a cold on a farm is bad medicine, we should just eradicate all germs”

If we’re comfy with enough info/access asymmetry to engender NewCo creation and innovation, then we have to be comfy with the risk that follows. If we’re not, make global literacy and internet access 100% ASAP

Your argument reminds me of my libertarian friends

He wants no regulation on gambling or investing bc he feels

1. The gap between gambling and investing is nonexistent.
2. It is deeply embedded in human nature. If you make it illegal, it will come out in weird ways

Add this to your rationale and hmmmm