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The problem, is how do you identify which of your "whales" (industry term, and useful to identify the mindset of the industry) legitimately have that extra disp
by DanHulton 7y ago
The problem, is how do you identify which of your "whales" (industry term, and useful to identify the mindset of the industry) legitimately have that extra disposable income, and which of them are maxing out credit cards and spending money they don't have?
- logfromblammo 7y agoWe have "qualified investors" for the worldwide casino that is the equities market, to ensure you can't gamble more as an early investor than you could afford to lose.
- njarboe 7y agoAny adult in the US can invest in equities. The equities just have to be listed and approved. It is all the other type of equity investing (angle, VC, etc) that you are not allowed to do (and where all the growth is moving to) if you are not a "qualified investor".
- logfromblammo 7y ago> as an early investor Perhaps it wasn't clear that I meant to lump angels and VCs together as "early investors". "Pre-IPO investors" would require unpacking a TLA.