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How angel investing is fundamentally more pernicious to personal wealth than casinos, credit cards or time-shares I'll never understand. Although you have to a

• cperciva 17y ago
  How angel investing is fundamentally more pernicious to personal wealth than casinos, credit cards or time-shares I'll never understand. It isn't; and there are no restrictions on who can invest in startups... subject to one caveat, of course: The company issuing the stock must satisfy the standard disclosure rules. Casinos, credit cards, and time shares are all heavily regulated; they don't have exactly the same regulations as stock offerings have, but overall I'd say they're similarly burdensome. The current situation vis-a-vis angel investing isn't an extra regulatory burden; rather, it's a loophole which allows -- under certain circumstances -- startups to suffer less regulation than other similarly risky enterprises.
  • lisper 17y ago
    > It isn't It is, for two reasons: 1. The minimums are higher. 2. You are not guaranteed to lose in angel investing the way you are in a casino. That makes angel investing much more difficult to resist than ordinary gambling.
• Retric 17y ago
  For some reason people are more willing to invest all there money in a single company than just put it all on black in las vegas. Granted when you don't have a lot of assets it can be the best choice, however if you are close to retirement then it can be devastating.