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I think the law is fine as is. If you have $100,000, then you don't have any business making strategic investments in early stage start-ups. And if you really
by andrewljohnson 17y ago
I think the law is fine as is. If you have $100,000, then you don't have any business making strategic investments in early stage start-ups. And if you really want to, you can, though not through certain forums.
To some extent, the government absolutely must protect people from their own ignorance. Being a so-called accredited investor is a very low bar, and there are ways around it anyways. Credit cards laws are an excellent example of laws that protect people from themselves, and that should be stricter still.