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I believe number two is illegal in the United States. Over a certain number of investors, you start running into costly securities laws.
by Prrometheus 19y ago
I believe number two is illegal in the United States. Over a certain number of investors, you start running into costly securities laws.
- ivankirigin 19y agoI'm told it's not illegal, just costly and/or complicated. You could probably manage it by buying shares in a single entity for all the companies invested in, and having that entity act as an accredited investor. It's a lot like a mutual fund then. Come to think of it, this aggregation is almost exactly like the micropayment aggregation in Tipjoy. No wonder I thought of it :)