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.

If you look at VC funding stats closely, it's absolutely WILD. The law is from 1933, majority of VCs fund people who look like them, women are severely under-funded, the future is already biased like this, while the average person gets the scraps at IPO as you said. Crowd funding 2016 law is 1 step in the right way