> Read to the end for this gem: "Under Representative McHenry’s bill, purchases would be restricted to investors who earn more than $200,000 a year or have a ne

> Read to the end for this gem: "Under Representative McHenry’s bill, purchases would be restricted to investors who earn more than $200,000 a year or have a net worth of $1 million." Correct me if I'm wrong, but isn't the motivation for that to keep unsophisticated investors out, and limit it people with money to lose? I think there are similar restrictions on hedge funds, too. I can see the logic behind that, since it's much more likely for a startup to go bust, and I wouldn't want to see regular people losing their life savings. Though, personally, I think I'd prefer there just be a limit based on something like percentage of net worth invested in these sorts of things.