Only accredited investors (ie Rich People) get access to the blue part.

So retail has limited access to the most dynamic and highest return parts of the market, they have to settle for IPO leftovers.

No wonder people are turning to crypto.

Sadly this is a beef that for me carries over just as much to the crypto sphere. It's not the fault of crypto founders (they're just trying to comply with existing laws) but I hate the two tiered system where angel investors + VCs get real equity and the rest of us are stuck with questionable governance tokens.