3 ms·
If you have "education, professional history, earning potential, or a history of demonstrated ability to make informed investment decisions", then you should ea
by mrep 9y ago
If you have "education, professional history, earning potential, or a history of demonstrated ability to make informed investment decisions", then you should easily be able to make enough money to become an accredited investor.
Startups are one of the most risky investments you can make. By arguing for regular folks to invest in startups, you just convey your ignorance in the risks associated with them. Most startups fail which is why full time investors invest in many startups and due extreme diligence because it is such a hosh posh of scams and people overselling their company.
- philipodonnell 9y ago> If you have "education, professional history, earning potential, or a history of demonstrated ability to make informed investment decisions", then you should easily be able to make enough money to become an accredited investor. This is just not even remotely true. Plenty of people have those things but haven't yet been able to acquire the money to qualify as an accredited investor. This line of reasoning is like the oligarch's dream. "If you were as smart as me you would have as much money as me and could invest like I do. Also, until you have as much money as me, I won't let you invest like I did to get all this money, because if you don't already have as much money as I already have you must not be as smart as me and clearly can't understand the kind of investing I do. In fact, I will make it illegal for you to invest like I did until you come up with as much money as I already have from doing those things that you are not allowed to do."