Yeah I think this is key. The entire concept of what the public market is for has changed significantly. Historically the stock market had a kickstarter like fu

Yeah I think this is key. The entire concept of what the public market is for has changed significantly. Historically the stock market had a kickstarter like function, which meant that there were opportunities for people to bet on neat new ideas and recognize enormous gains - but also a lot of chances to lose the entire value of a bad bet. These days we have Kickstarter instead and investors get swag instead of equity. Really good deal for getting a little project to go, but sometimes too bad since it means willing investors can’t participate in long-term gains from the successful business launches.