If it's just one fund, there's one guy who decides what to buy. It's not a market. If you have $50K, you can contact any number of real VCs and give them your c

If it's just one fund, there's one guy who decides what to buy. It's not a market. If you have $50K, you can contact any number of real VCs and give them your cash. You thus become a member of the prestigious LP club and are allowed to complain about the dismal returns. I think the fun part is being able to individually look at the startups listed and buy whenever you see something you like. It makes you feel good (you are helping a good idea take off), and you may make a lot of money from it (or lose it all). I was at TechCrunch50 last year and discussed this idea with some people, and I got pushback from pros. Their argument: if you are a good startup, you can raise money the "normal way". So such a market would only attract losers... Not good of a reputation to have for a stock market.