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> It seems to suggest that but for pesky SEC RegD rule, there'd be 10,000% appreciation opportunities for everyone, not just the wealthiest investors Please re
by erikpukinskis 9y ago
> It seems to suggest that but for pesky SEC RegD rule, there'd be 10,000% appreciation opportunities for everyone, not just the wealthiest investors
Please refrain from aggressively straw manning me. We said nothing like that and you know that’s not our position. You’re trying to reducto ad absurdim us without actually doing the reducto part.
I see it this way: there are many different ways to structure a funding event: a bank loan, a bond issuance, an ICO, a partnership, a Series A, etc.
If we’re talking about a small scale, say $100k, but none of my investors have very much money, just a few hundred maybe, I am dramatically limited in the sorts of funding structures I can legally use.
If my investors all have millions of dollars and are putting in 10s of thousands, I can legally structure the deal however I like.
I think that’s an unfair limitation that makes it harder to start businesses that no rich person would ever care about.
I do care about protecting investors, but I think the wealth requirement is the laziest possible way to do that. Mandatory disclosure rules would be better. Requiring insurance would be better.