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 

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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De-di-designer, autodidact. 🗿 UX AI/ML  • Channeling @punk • 
punk.energy 🫧 /punk • /antimeme soon

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 doesn’t happen if they were equity holders.